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Trade deficit widens in November on export drop

The Philippines’ trade deficit continued to widen in November as export sales drop sharply, negating the impact of flat imports, data from the statistics office showed Wednesday.

Gokongwei Group ramps up drugs and money operation

The Gokongwei Group looks to hit it big in a drugs and money mix involving Pay&Go kiosk operator BTI Payments Philippines Inc. in a possibly potent commercial cocktail with Southstar Drug. 

DA bans live poultry and poultry product imports from Belgium and France after bird flu outbreak

The Department of Agriculture (DA) has banned the importation of poultry and other poultry products, including wild birds, from Belgium and France after these two European nations reported to the World Organization for Animal Health (WOAH) their respective outbreaks of highly pathogenic avian influenza (HPAI) in domestic birds.

PNOC redeveloping Taguig property

The Philippine National Oil Co. (PNOC) is soliciting proposals for the long-term lease and re-development of a portion of its land holdings at the Bonifacio Global City in Taguig.

Maya dangles 6% return on time deposits

Maya Philippines Inc., the financial technology company backed by the PLDT group, on Tuesday bared an app-based time deposit product offering high returns. It is marketed as ideal for building savings and the efficient management of funds.

Just in

Group pushes urgent backing for rooftop project across ASEAN

The Asian Photovoltaic Industry Association calls for stronger regional support for rooftop solar and energy storage as core to building more resilient, flexible power systems.

Power disconnection freeze extended through year-end with focus on vulnerable households  

The Energy Regulatory Commission plans to extend its suspension of electricity service disconnections through the end of the year, though the policy will feature a narrower target audience to balance relief for consumers with the financial stability of power utilities.

DA readies P45B aid as El Niño damage mounts 

The Department of Agriculture is preparing up to P45 billion in interventions as El Niño-related agricultural losses climb to P6.87 billion, while moving to strengthen rice reserves and keep imports available as a contingency against a sharper production shortfall.

Retail sales seen to hit ₱7.71 trillion as value-seeking consumers drive shift toward essentials

Retail sales this year are projected to reach $123 billion, roughly ₱7.71 trillion at current exchange rate, marking a 1.7 percent growth from $121 billion last year, according to the United States Department of Agriculture's Foreign Agricultural Service in Manila.
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