The Land Transportation Franchising and Regulatory Board (LTFRB) is reviewing a petition from various transport groups seeking a P15 minimum fare for public utility jeepneys, a move that could impact the daily commute of millions of Filipinos.
The country's balance of payments (BOP) position, or what is left after Manila's foreign-currency expenses are deducted from its foreign currency earnings, posted a significant shift in December 2024, registering a deficit of USD1.5 billion, reversing the USD642 million surplus seen in the same month of 2023.
The Department of Agriculture (DA) is optimistic about surpassing last year's rice production figures, with projections aiming for a new record in palay output this year.
The private label grocery sector in the Philippines is projected to generate sales estimated at USD896 million, roughly P52 billion in local currency, this year, capturing 7 percent of total food and beverage (F&B) grocery sales.