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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

Toyota PH hits 1.2M vehicles as localization deepens

Toyota Motor Philippines Corp. (TMP) has produced more than 1.2 million vehicles locally in 38 years, building a manufacturing base that is allowing more specialized automotive work, supplier activity, and value creation to take place in the Philippines.

MBC warns Pax Silica could become missed opportunity

The Philippines could lose out on major investments tied to Pax Silica unless it moves faster to address political resistance, regulatory hurdles, infrastructure gaps, and workforce needs, the Makati Business Club (MBC) warned.

ACMobility seeks faster permits to accelerate EV rollout

ACMobility is pushing for streamlined local permits to speed up investment in electric vehicle charging infrastructure, saying fragmented requirements across local governments are slowing the deployment of stations needed to support the country’s growing EV market.

Aboitiz airports target routes as traffic outlook improves

Aboitiz InfraCapital is working with airlines to make new international routes commercially viable as it positions its airports for stronger year-end traffic, focusing on Asian markets that can deliver sustainable passenger flows.
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