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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

Gov’t greenlights $1-M aid to restructure LRT 1 PPP deal

The national government has approved $1‑million in assistance to cover advisory work for planned changes to the concession deal governing operations and maintenance of the LRT‑1 Extension project, a move officials say aims to put the light rail line on firmer financial footing for hundreds of thousands of daily commuters.

MARINA suspends safety certificates after separate Cagayan, Bohol sea incidents 

The Maritime Industry Authority (MARINA) has ordered the immediate suspension of safety certificates for two vessels following separate maritime incidents off Cagayan and Bohol last 31 October 2026, a move signalling tighter sea‑safety checks for passengers and sea travellers nationwide.

SEC urges manufacturers to tap capital markets for expansion

For Philippine manufacturers, the next factory may require more than retained earnings and a friendly bank. The Securities and Exchange Commission (SEC) is urging them to look beyond traditional financing and prepare to tap the capital markets as they scale up.

Japanese utility eyes solar projects for 10 PEZA locators

A Japanese power utility is sizing up a new Philippine market, and it is starting with something factories cannot do without: electricity.
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