The government sector borrowed USD1.32 billion more in medium- to long-term (MLT) funds in the final three months of 2023, which was 66 percent more than that borrowed a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
The Department of Agriculture (DA) on Sunday reiterated the likelihood for the onion import ban to last beyond May or even June as part of measures helping shield onion growers from unreasonable farm gate prices and the destruction of their crops.
The price of palay or unhusked rice per kilo in the final three months of 2023 averaged P21.81, a 6.4 percent increase from third-quarter prices and 25 percent more than the year-earlier period.
In recognition of his decades of Christian charity and commitment to humanitarian causes, Manila Electric Company (Meralco) chairman and chief executive officer Manuel V. Pangilinan has been honored by the Catholic Church with the highest papal award for the laity.
The local licensee of coffee shop Starbucks has acknowledged its “mistake” in placing a cap on the 20 percent discount that senior citizens and persons with disability are legally entitled to, and immediately ordered the removal of the “erroneous signages.”