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Prime Infra banks on Malampaya, pumped storage to secure energy supply
Prime Infrastructure Capital Inc. is banking on expanded Malampaya gas production and large-scale pumped storage hydropower projects to strengthen Philippine energy security, reduce exposure to volatile fuel prices and accommodate a growing share of renewable power.
ASEAN signs digital pact targeting $2T economy by 2030
ASEAN trade ministers have signed a landmark Digital Economy Framework Agreement (DEFA), establishing common rules for online commerce, digital payments and cross-border data flows in a bid to double Southeast Asia’s digital economy to USD2 trillion by 2030.
Philippines, Canada conclude FTA talks, target 2027 signing
The Philippines and Canada have concluded negotiations for a bilateral free trade agreement (FTA), setting the stage for expanded market access, greater investment flows and new opportunities for exporters, service providers and small businesses.
ADB: ASEAN needs USD7.1T for infrastructure, bankable projects lag
Southeast Asia needs an estimated USD7.1 trillion in infrastructure investment through 2040, but a shortage of commercially viable projects is preventing governments from mobilizing enough private capital to meet the region’s growing needs, Asian Development Bank (ADB) President Masato Kanda said Saturday.
A week of unfortunate events: Ay, naku!
If the past week's tea leaves had a message, it was this: ay, naku. The economy served up a one-two punch of sluggish growth and runaway prices, then appeared to ask whether we wanted seconds. Monday brought third-quarter GDP growth of 2.1 percent, down from 2.4 percent in the previous quarter and below the 2.8 percent consensus forecast. That marked five consecutive quarters of slowing growth and the weakest performance since the pandemic. October inflation, meanwhile, averaged 7.8 percent. Some wanted the monetary authorities to wield a bigger stick through a jumbo rate hike. Tame prices without choking an already parched economy? Sige, good luck. With stocks around 5,600 and the peso near P64 to the dollar, even sharply cheaper gasoline felt less like salvation than a promo expiring next week.
Zobel sees global trade realignment opening opportunities for ASEAN
The shifting global trade landscape, driven by higher US tariffs and tensions between Washington and Beijing, presents ASEAN with an opportunity to attract investment and strengthen its role in global supply chains, but countries must first make it easier for businesses to operate across borders, Ayala Corp. chairman Jaime Augusto Zobel de Ayala said.
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Prime Infra banks on Malampaya, pumped storage to secure energy supply
Prime Infrastructure Capital Inc. is banking on expanded Malampaya gas production and large-scale pumped storage hydropower projects to strengthen Philippine energy security, reduce exposure to volatile fuel prices and accommodate a growing share of renewable power.
ASEAN signs digital pact targeting $2T economy by 2030
ASEAN trade ministers have signed a landmark Digital Economy Framework Agreement (DEFA), establishing common rules for online commerce, digital payments and cross-border data flows in a bid to double Southeast Asia’s digital economy to USD2 trillion by 2030.
Philippines, Canada conclude FTA talks, target 2027 signing
The Philippines and Canada have concluded negotiations for a bilateral free trade agreement (FTA), setting the stage for expanded market access, greater investment flows and new opportunities for exporters, service providers and small businesses.
ADB: ASEAN needs USD7.1T for infrastructure, bankable projects lag
Southeast Asia needs an estimated USD7.1 trillion in infrastructure investment through 2040, but a shortage of commercially viable projects is preventing governments from mobilizing enough private capital to meet the region’s growing needs, Asian Development Bank (ADB) President Masato Kanda said Saturday.
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Prime Infra banks on Malampaya, pumped storage to secure energy supply
Prime Infrastructure Capital Inc. is banking on expanded Malampaya gas production and large-scale pumped storage hydropower projects to strengthen Philippine energy security, reduce exposure to volatile fuel prices and accommodate a growing share of renewable power.
ASEAN signs digital pact targeting $2T economy by 2030
ASEAN trade ministers have signed a landmark Digital Economy Framework Agreement (DEFA), establishing common rules for online commerce, digital payments and cross-border data flows in a bid to double Southeast Asia’s digital economy to USD2 trillion by 2030.
Philippines, Canada conclude FTA talks, target 2027 signing
The Philippines and Canada have concluded negotiations for a bilateral free trade agreement (FTA), setting the stage for expanded market access, greater investment flows and new opportunities for exporters, service providers and small businesses.
ADB: ASEAN needs USD7.1T for infrastructure, bankable projects lag
Southeast Asia needs an estimated USD7.1 trillion in infrastructure investment through 2040, but a shortage of commercially viable projects is preventing governments from mobilizing enough private capital to meet the region’s growing needs, Asian Development Bank (ADB) President Masato Kanda said Saturday.
A week of unfortunate events: Ay, naku!
If the past week's tea leaves had a message, it was this: ay, naku. The economy served up a one-two punch of sluggish growth and runaway prices, then appeared to ask whether we wanted seconds. Monday brought third-quarter GDP growth of 2.1 percent, down from 2.4 percent in the previous quarter and below the 2.8 percent consensus forecast. That marked five consecutive quarters of slowing growth and the weakest performance since the pandemic. October inflation, meanwhile, averaged 7.8 percent. Some wanted the monetary authorities to wield a bigger stick through a jumbo rate hike. Tame prices without choking an already parched economy? Sige, good luck. With stocks around 5,600 and the peso near P64 to the dollar, even sharply cheaper gasoline felt less like salvation than a promo expiring next week.
Zobel sees global trade realignment opening opportunities for ASEAN
The shifting global trade landscape, driven by higher US tariffs and tensions between Washington and Beijing, presents ASEAN with an opportunity to attract investment and strengthen its role in global supply chains, but countries must first make it easier for businesses to operate across borders, Ayala Corp. chairman Jaime Augusto Zobel de Ayala said.
Aznar Shipping expands Western Visayas network with new RORO route
Aznar Shipping Corp. has expanded its Western Visayas network with the launch of a Bacolod-Dumangas route, deploying a new roll-on/roll-off (RORO) vessel to strengthen transport links between Negros and Panay as it pursues a broader fleet and infrastructure expansion.
World Trade Center Metro marks 30 years powering PH trade, eyes major expansion
World Trade Center Metro Manila (WTCMM) celebrated its 30th anniversary, bringing together clients, partners, stakeholders, and the business community to mark three decades of hosting local and international events and fueling Philippine industry growth.
PH taps ASEAN carbon market opportunities at COP31 for community-centered climate action
Philippine private‑sector groups have secured observer status at the ASEAN Common Carbon Framework (ACCF) during COP31 in Antalya, Türkiye, positioning the country to unlock climate finance for forest restoration, biodiversity protection, and local community livelihoods.
Globe Business powers PH’s first 1,400‑km bi‑directional telesurgery
Most advanced surgical care in the Philippines stays concentrated in major cities, leaving patients in Mindanao and other far‑flung regions forced to travel long distances, pay steep costs, and leave their families. In time‑sensitive cases, distance alone can worsen patient outcomes.