Economy
Maharlika Fund eyes Iligan steel revival
The Philippine government is weighing the use of the Maharlika Investment Corporation to jump-start the redevelopment of the long-idle former National Steel Corporation (NSC) site in Iligan City, a 500-hectare property seen as a potential anchor for a new industrial and investment hub.
Manufacturers hold prices amid Middle East tension
Manufacturers of basic goods have pledged to keep prices steady for at least 30 days, cushioning consumers from global volatility fueled by ongoing Middle East tensions.
Gov’t to buy 2M barrels of oil to boost national supply
The Philippine government is set to purchase 2 million barrels of oil to strengthen the country’s fuel buffer stock, Department of Finance Secretary Frederick Go announced Tuesday.
MBC pushes farm reforms, market access
The Makati Business Club is ramping up efforts to strengthen the country’s agriculture value chain, with plans to boost logistics, expand cold storage, and roll out price transparency measures to improve farmers’ incomes.
Nestlé stays optimistic amid global uncertainty
Food and beverage giant Nestlé Philippines is staying cautiously optimistic this year, even as geopolitical tensions threaten supply chains and drive up key commodity prices.
