Top News
MARINA helps shipping firms navigate rising fuel risks
The Maritime Industry Authority (MARINA) has ordered domestic shipping operators to adjust operations and allow the imposition of fuel surcharges as geopolitical tensions in the Middle East pushes global oil prices higher, raising cost pressures for the Philippines’ vital inter-island transport network.
Spot power prices ease in February, but regulators warn of possible surge if Middle East tensions drive fuel costs up
Electricity prices in the country’s spot market slipped slightly in February, offering temporary relief to consumers, but regulators are warning that global fuel disruptions linked to Middle East tensions could quickly push rates higher.
Foreign currency reserves hit record US$112.7 billion in February
The country’s gross international reserves (GIR) climbed to a record $112.7 billion as of end-February 2026, according to preliminary Bangko Sentral ng Pilipinas data, providing the country with a strong buffer against external economic shocks.
February inflation up at 2.4% on higher food prices
Headline inflation edged higher in February, signaling renewed price pressures from key food staples even as broader trends remain relatively contained.
HD Hyundai expands $2B Philippine shipyard hub
HD Hyundai Heavy Industries is expanding in the Philippines, executing nearly USD2 billion in maritime projects while expanding its industrial footprint in Subic, a top executive announced at the Philippines–Korea Business Forum.
