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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

Power restoration underway; agri damage still reported after Sarangani quake

Efforts to restore power and assess the impact on farming continue following the magnitude 7.8 earthquake that struck Sarangani and nearby areas on Monday, according to the Department of Energy (DOE) and Department of Agriculture (DA).

New Manila International Airport’s first runway ready by 2028

San Miguel Corp. on Tuesday confirmed that the first runway of the New Manila International Airport in Bulakan, Bulacan will be operational no later than the second quarter of 2028, even as other parts of the project face adjusted timelines.

RACE program revival could boost ICE vehicles

The government is weighing a revival of incentives for internal combustion engine (ICE) vehicle manufacturers under the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, signaling a more technology-neutral approach to supporting the Philippine automotive sector.

Mandarin Oriental Makati redefines urban luxury experience

The upcoming Mandarin Oriental Makati marks a bold return of an iconic hospitality brand, reimagined for a new generation of urban travelers in Manila’s premier business district. 
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