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Global goods trade show signs of upturn in Q2—WTO

Trade in global goods showed signs of a turnaround in the second quarter of 2023, driven by strong automobile production and sales, according to the World Trade Organization (WTO).

MRT 3 rail line is safe 

The Department of Transportation (DOTr) on Friday assured the riding public that the 16.9 rail line is safe after authorities received a bomb threat.

Meralco rates up in September on higher generation charge

After the combined rate reduction of P1.0121 in the past two months, the Manila Electric Company (Meralco) announced Friday an upward adjustment of P0.5006 per kWh in the electricity rate this September. With this, overall rate for a typical household is P11.3997 per kWh this month from P10.8991 per kWh in August.

DOTr releases P3 billion subsidy for PUV drivers

The Department of Transportation (DOTr) on Friday accelerated the release of fuel vouchers after the Department of Budget and Management (DBM) green lighted the release of P3 billion subsidy for public utility vehicle (PUV) drivers to cushion the impact of spiraling oil prices.

Metro Pacific extends tender offer; seeks remaining 3.13% minority shares

Metro Pacific Investments Corp. said Friday minority shareholders have tendered a total 5.36 billion common shares, equivalent to 18.7 percent stake in the listed investment holding company.

Just in

First Holdings sets 2-year, P5B share buyback program

First Philippine Holdings Corp. said its board approved a new share buyback program that gives the Lopez-led conglomerate up to P5 billion to repurchase its own shares over the next two years while also declaring P467 million in cash dividends.

DENR bolsters El Niño readiness nationwide

The Department of Environment and Natural Resources has activated all its units to scale up El Niño preparations, as DOST-PAGASA warns the event could turn very strong by late 2026 and persist into mid-2027.

Philippines sets 75% emission cut goal, moves fast on superpollutants at UN Summit

The Philippines has reaffirmed its 75 percent emission reduction and avoidance target in its 2026 Nationally Determined Contribution (NDC), laying out concrete plans to curb short-lived climate pollutants (SLCPs)—or “superpollutants”—at the Superpollutant Action Summit in New York. Held alongside the 81st UN General Assembly and organized by the Climate and Clean Air Coalition, the summit gathered global leaders to speed action on pollutants that drive rapid warming and health harm.

The electric car meets the Filipino road

The electric vehicle has arrived in the Philippines with a promise familiar to anyone who has spent an afternoon crawling along EDSA: less dependence on gasoline, quieter motoring, and a little less money disappearing into the fuel tank. It’s an appealing proposition. The only complication is that the Filipino road has never been particularly interested in making life easy for anyone.
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