The Civil Aeronautics Board (CAB) has approved a reduction in fuel surcharges following a sustained drop in global jet fuel costs, a change that will take effect from June 16 to 30 and expected to bring down the shipping rate for passengers and cargo.
Filipinos could see major changes in how healthcare is delivered and paid for over the next two years as the Philippine Health Insurance Corp. (PhilHealth) rolls out reforms aimed at strengthening primary care, expanding targeted benefits, and reshaping how hospitals are reimbursed.
The Philippine iron and steel industry is pressing regulators to fast-track the implementation of tougher construction standards, arguing that recent tragedies have underscored the urgent need for earthquake-resistant building materials in one of the world’s most disaster-prone countries.
The Department of Agriculture (DA) is set to recommend destroying around 650 metric tons of abandoned red onions from China, pending final laboratory results confirming they are unsafe for public consumption.
The Philippine Competition Commission (PCC) has given the green light for the sale of a 40 percent stake in Aboitiz InfraCapital Inc. (AIC) to Global Infrastructure Partners (GIP), an investment firm under BlackRock.
En Tsumugi is investing in a lithium-ion battery recycling facility in the Philippines, betting on growing demand for local capacity to recover critical minerals as the country’s electric vehicle and battery industries develop.
Security Bank Corp. has expanded its sanctions-screening coverage tenfold as it strengthens financial crime controls ahead of the Philippines’ next anti-money laundering mutual evaluation in 2027.
Global fintech Revolut is weighing a bigger push into the Philippine financial market, exploring digital banking and electronic money services as it looks to expand its cross-border payments business in the country.
Energy transition within Southeast Asia must keep pace with economic growth while allowing member states to pursue different routes based on their resources and circumstances, Energy Secretary Sharon Garin said Tuesday, as countries within the Association of Southeast Asia Nation faces surging power demand and mounting pressure to decarbonize.