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Phoenix pumps more assets into the recovery tank

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Every gas station has two values: the fuel it sells today and the land it sits on tomorrow. For Phoenix Petroleum, those plots of land...

Sandiganbayan issues arrest warrants vs Marcoleta, Defensor 

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The anti-graft court Sandiganbayan on Monday issued arrest warrants against Senator Rodante Marcoleta, former Congressman Mike Defensor, and two others just days after the Ombudsman filed plunder complaint over P75 million in unreported campaign contributions. Plunder is a non-bailable crime, which could rob Marcoleta of participation in the impeachment trial of his ally, Vice President Sara Duterte, which starts late Monday. The Ombudsman had also charged the four of alleged violation of Presidential Decree No. 46, which prohibits public officials from receiving gifts. The court also issued a Hold Departure Order against the four.

Skyway adds wings as Clark cargo climbs

Transport & Logistics Context.ph Context.ph -
Skyway Airlines is expanding more than its fleet. It is reinforcing Clark's emergence as one of the country's fastest-growing logistics gateways.

El Niño reducing Magat water level, fishery losses hits P100M

Agriculture Context.ph Context.ph -
The early effects of El Niño are beginning to bite, with fishery losses in the Magat Dam area swelling to an estimated P100 million as receding water levels trigger fish kills in Ifugao and Isabela.

Peso holds ground while politics tests market confidence 

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The peso appears to have found its footing, but investors know that calm currencies do not always guarantee calm markets.
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Moody’s projects inflation to return to target range by 2027-2028 as BSP earns high marks

Top News 0
The Bangko Sentral ng Pilipinas (BSP) has earned fresh praise from sovereign credit giant Moody’s Ratings, which expects local inflation to steadily settle back within the government's two to four percent target range between 2027 and 2028.

Court orders arrest of VP Duterte

Context Dispatch 0
A Quezon City Regional Trial Court has issued an arrest warrant for Vice President Sara Duterte over three counts of grave threats against President Ferdinand Marcos Jr., First Lady Lisa Marcos, and former House Speaker Martin Romualdez, the Department of Justice said Friday. The DOJ said the warrant means the court found probable cause against Duterte. Bail was set at P120,000 for each count. Duterte earlier asked the court to defer or recall the warrant. The case stemmed from public threats the VP issued against the 3. The grave threat is also among the charges in the impeachment complaint versus the Vpz

Mynt secures SEC approval for P92.32-billion IPO, first to benefit from eased public float rules

Corporate 0
The Securities and Exchange Commission (SEC) has given the green light to Mynt Inc., operator of leading digital payments platform GCash, for its initial public offering (IPO) valued at up to P92.32 billion.

Cool-down in August inflation offers brief respite, not policy pivot – analyst 

Banking & Insurance 0
The slight cooling of headline inflation to 6.1 percent in August from 6.2 percent in July provides a welcome breathing room, but it remains far from a signal for the central bank to ease its stance. Lower meat and vegetable prices helped pull down overall food inflation, though the decline was largely muted by accelerating rice costs and expensive transport amid persistent global oil strength. According to Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri, Jr., this temporary easing is unlikely to alter the trajectory of monetary policy. He says that the Bangko Sentral ng Pilipinas (BSP) will likely stay on a tightening path, potentially raising the policy rate by 25 basis points in each of its final two meetings this year to hit 5.50 percent.
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