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Outstanding government debt up slightly in May
The outstanding debt of the Philippine government rose to P16.92 trillion at the end of May 2025, up nearly 1 percent from April, according to the Bureau of the Treasury (BTr). Despite the increase, the agency described the debt level as “manageable,” citing steady market confidence and prudent borrowing strategies.
WESM prices drop 3.9% in June, easing power costs
The average electricity price at the Wholesale Electricity Spot Market (WESM) declined by 3.9 percent in June, bringing the national rate down to ₱3.86 per kilowatt hour (kWh) from ₱4.01/kWh in May, according to data from the Independent Electricity Market Operator of the Philippines (IEMOP).
U.S. slaps 20% tariff on Vietnam under reciprocal trade push
The United States will impose a 20 percent tariff on Vietnamese imports under a new trade agreement, down from an initially planned 46 percent rate set to take effect next week.
Del Monte Foods enters bankruptcy; Parent DMPL faces $748M exposure
Del Monte Pacific Ltd. (DMPL) of the Campos Group on Wednesday confirmed that its U.S. subsidiary, Del Monte Foods Holdings Ltd. (DMFHL), has filed for Chapter 11 bankruptcy protection as part of a comprehensive restructuring and asset sale process.
Emperador names Glenn Manlapaz as new president
Emperador Inc., the liquor company owned by tycoon Andrew Tan, announced a leadership transition with the appointment of Glenn D. Manlapaz as president, replacing...
