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India cuts floor price for basmati rice exports to revive shipments

India has cut the floor price for basmati rice exports to $950 per metric ton from $1,200, a government source told Reuters on Thursday, after farmers and exporters complained it was damaging the trade by stalling shipments.

Subaru CEO: working with suppliers to lower procurement risks of EV battery materials

Japan's Subaru is working with suppliers to decrease risks related to procuring materials used in electric-vehicle batteries, its chief executive said on Wednesday, as automakers grapple with China's move to curb exports of graphite.

BioMarin’s dwarfism therapy gets FDA nod for expanded use

The U.S. health regulator on Friday approved the expanded use of BioMarin Pharmaceutical's once-daily injection to treat children under the age of 5 with the most common form of short-limbed dwarfism.

Wall St ends sharply lower, posts weekly losses; Mideast fears increase

U.S. stocks ended sharply lower for the day and week on Friday as investors worried about more interest rate hikes and the Israel-Hamas conflict spreading.

US stocks end sharply lower, crude jumps on Middle East tensions

Wall Street stocks tumbled and crude prices surged on Wednesday as escalating Middle East turmoil prompted a broad sell-off and stoked oil supply concerns.

Just in

Clark Food hub accelerates, eyes partial operations before end- 2027

The Department of Agriculture is fast-tracking the Clark National Food Hub with the full backing of President Ferdinand R. Marcos Jr., moving the project from planning to construction.

MPTC and SMC accelerate multi-billion expressway merger to form infra giant

Metro Pacific Tollways Corp. and San Miguel Corp. are fast-tracking negotiations to consolidate their tollway operations into a single giant infrastructure platform, targeting to finalize the landmark deal within the year.

Aboitiz InfraCapital to pour P4.53B into Bohol-Panglao airport upgrade under PPP

Aboitiz InfraCapital Bohol Airport Corporation (ABAC) will invest P4.53 billion to modernize and expand the Bohol-Panglao International Airport (BPIA) under a 30-year public-private partnership (PPP) concession agreement, aimed at boosting capacity and supporting the province’s fast-growing tourism sector.

Globe pushes unified policy on underground conduits to cut power thiefs, service disruptions

Globe Telecom is supporting national and local government efforts to create a single, unified policy for underground conduit infrastructure, aiming to curb rampant fiber cable theft that frequently disrupts internet and mobile services across the country.
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