Top News
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.
South Korea strengthens role in Philippines’ mega projects
President Ferdinand Marcos Jr. on Tuesday highlighted South Korea’s unwavering support for Philippine infrastructure, welcoming President Lee Jae-myung to Malacañan Palace in a landmark state visit marking 77 years of diplomatic ties.
