“We Are Not in Batanes”
“We are not in Batanes,” said KONE Philippines managing director Peterri Kyrklund, contrasting the serene, undeveloped landscapes of the northern Philippine province with the rapidly urbanizing cities across the region. The quip came as KONE emphasized the pressing need to modernize aging vertical transport infrastructure in Asia-Pacific.
JICA aided crisis management tool launches in Manila
The chief representative of the Japan International Cooperation Agency (JICA), Takashi Baba, on Thursday declared the 2023 disaster resilience feasibility study effective and the...
Fuel costs, not tariffs, keep 2GO on edge, says SM Investments chief
Rising fuel prices, not global trade tensions or tariff-related supply disruptions, are the primary concern for multimodal transport and logistics firm 2GO, according to SM Investments Corp. president and CEO Frederic C. DyBuncio.
Global growth outlook darkens under latest World Bank estimates
The global economic outlook has significantly worsened amid rising trade tensions and persistent policy uncertainty, with global growth now forecast to slow to just 2.3 percent in 2025. According to the World Bank, this is the weakest pace outside of recessions since 2008. The slowdown, driven by escalating trade barriers and weak global cooperation, is expected to hit emerging markets and developing economies (EMDEs) particularly hard, including the Philippines.
Storm-driven food price spikes push Nov inflation to 2.5%—PSA
The rate at which prices change across the Philippines, more known as inflation, accelerated to 2.5 percent in November, from only 2.3 percent in October, the Philippine Statistics Authority reported on Thursday.
