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DA backs extending P50/Kilo price cap on imported rice
The Department of Agriculture (DA) pushing the extension of the government’s P50-per-kilo maximum suggested retail price (MSRP) for 5 percent broken imported rice beyond its June 30 expiry, a move meant to keep the country’s staple food affordable amid lingering food inflation concern.
ACEN invests P1.15B in subsidiary for renewable energy projects
ACEN Corp., the energy arm of the Ayala Group, has signed a subscription agreement worth P1.15 billion with fully owned subsidiary Giga Ace 8 Inc. The investment covers common and preferred shares issued from Giga Ace 8’s unissued capital stock.
Strait of Hormuz blockade rings alarm bells for economy
Energy and agriculture leaders warn of significant risks to fuel supply, prices, and food security after Iran announced it is closing the Strait of Hormuz, and threatening to fire on any vessel attempting to transit. This development follows reported attacks by the United States against Iran, according to a Reuters report.
Philippines, Sweden forge new growth partnerships
The Philippines and Sweden are exploring deeper economic cooperation...
CAB cuts fuel surcharge as global prices fall, lower airfares expected June 16–30
The Civil Aeronautics Board (CAB) has approved a reduction in fuel surcharges following a sustained drop in global jet fuel costs, a change that will take effect from June 16 to 30 and expected to bring down the shipping rate for passengers and cargo.
PhilHealth eyes overhaul to cut health costs
Filipinos could see major changes in how healthcare is delivered and paid for over the next two years as the Philippine Health Insurance Corp. (PhilHealth) rolls out reforms aimed at strengthening primary care, expanding targeted benefits, and reshaping how hospitals are reimbursed.
Food & travel
DA backs extending P50/Kilo price cap on imported rice
The Department of Agriculture (DA) pushing the extension of the government’s P50-per-kilo maximum suggested retail price (MSRP) for 5 percent broken imported rice beyond its June 30 expiry, a move meant to keep the country’s staple food affordable amid lingering food inflation concern.
ACEN invests P1.15B in subsidiary for renewable energy projects
ACEN Corp., the energy arm of the Ayala Group, has signed a subscription agreement worth P1.15 billion with fully owned subsidiary Giga Ace 8 Inc. The investment covers common and preferred shares issued from Giga Ace 8’s unissued capital stock.
Strait of Hormuz blockade rings alarm bells for economy
Energy and agriculture leaders warn of significant risks to fuel supply, prices, and food security after Iran announced it is closing the Strait of Hormuz, and threatening to fire on any vessel attempting to transit. This development follows reported attacks by the United States against Iran, according to a Reuters report.
Philippines, Sweden forge new growth partnerships
The Philippines and Sweden are exploring deeper economic cooperation...
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DA backs extending P50/Kilo price cap on imported rice
The Department of Agriculture (DA) pushing the extension of the government’s P50-per-kilo maximum suggested retail price (MSRP) for 5 percent broken imported rice beyond its June 30 expiry, a move meant to keep the country’s staple food affordable amid lingering food inflation concern.
ACEN invests P1.15B in subsidiary for renewable energy projects
ACEN Corp., the energy arm of the Ayala Group, has signed a subscription agreement worth P1.15 billion with fully owned subsidiary Giga Ace 8 Inc. The investment covers common and preferred shares issued from Giga Ace 8’s unissued capital stock.
Strait of Hormuz blockade rings alarm bells for economy
Energy and agriculture leaders warn of significant risks to fuel supply, prices, and food security after Iran announced it is closing the Strait of Hormuz, and threatening to fire on any vessel attempting to transit. This development follows reported attacks by the United States against Iran, according to a Reuters report.
Philippines, Sweden forge new growth partnerships
The Philippines and Sweden are exploring deeper economic cooperation...
CAB cuts fuel surcharge as global prices fall, lower airfares expected June 16–30
The Civil Aeronautics Board (CAB) has approved a reduction in fuel surcharges following a sustained drop in global jet fuel costs, a change that will take effect from June 16 to 30 and expected to bring down the shipping rate for passengers and cargo.
PhilHealth eyes overhaul to cut health costs
Filipinos could see major changes in how healthcare is delivered and paid for over the next two years as the Philippine Health Insurance Corp. (PhilHealth) rolls out reforms aimed at strengthening primary care, expanding targeted benefits, and reshaping how hospitals are reimbursed.
Steel group urges rebar rules after disaster
The Philippine iron and steel industry is pressing regulators to fast-track the implementation of tougher construction standards, arguing that recent tragedies have underscored the urgent need for earthquake-resistant building materials in one of the world’s most disaster-prone countries.
DA eyes destruction of 650 MT spoiled Chinese onions over health risks
The Department of Agriculture (DA) is set to recommend destroying around 650 metric tons of abandoned red onions from China, pending final laboratory results confirming they are unsafe for public consumption.
PCC approves BlackRock unit’s P13.7-billion stake purchase in Aboitiz InfraCapital
The Philippine Competition Commission (PCC) has given the green light for the sale of a 40 percent stake in Aboitiz InfraCapital Inc. (AIC) to Global Infrastructure Partners (GIP), an investment firm under BlackRock.
Home Credit steps up role in promoting safe, responsible credit in PH
Home Credit Philippines is strengthening its commitment to consumer protection, responsible lending, and fraud prevention through a larger leadership role in the Credit Card Association of the Philippines (CCAP).