Top News
Shell recognition boosts Philippines’ global talent edge in business
Shell Business Operations (SBO) Manila has been named one of Everest Group's Top Global Business Services (GBS) Employers for 2026, reinforcing the Philippines' growing reputation as a premier destination for high-value business services and globally competitive talent.
Philippines records highest June electricity rates in ASEAN, driven by supply shortages
The Philippines registered the highest national average power rate in the ASEAN region for June 2026, reaching P12.43 per kilowatt hour.
Fuel price spikes expected this week due to global supply risks
Local motorists should brace for a hefty increase in fuel prices this week, with diesel prices projected to surge by as much as P10.50 per liter and gasoline by up to P4 per liter. Jetti Petroleum President Leo Bellas confirmed that these steep upward adjustments reflect a full five-day trading period in the global market, alongside foreign exchange averages, rising cargo premiums, and local industry recovery efforts. While gasoline is expected to climb between P3.50 and P4 per liter, diesel will see a minimum hike of P10 per liter. No price outlook was provided for kerosene.
Retailers brace for fresh price hikes as costs climb
Retailers are warning of another wave of price increases as surging fuel prices, higher electricity rates and a new minimum wage squeeze businesses already operating on thin margins.
Remittances climb in May, fueling household spending and domestic growth
Money sent home by overseas Filipinos continued its upward trajectory in May, providing a steady lifeline to millions of households and giving a welcome boost to the broader economy.
