Regional economic stability received a significant boost today as amended terms governing the Chiang Mai Initiative Multilateralisation (CMIM) officially entered into force.
The Philippines has locked in major agreements worth a combined $27 million—roughly ₱1.7 billion8—with Chinese firm Somago (Tianjin) Cross-border E-commerce Co. Ltd., opening significant new market opportunities for durian producers in Davao, the Department of Agriculture announced Tuesday. Signed during the China International Import Expo 2026, the deals cover both strategic cooperation and frozen durian procurement, strengthening commercial links between Philippine suppliers and Chinese consumers.
Higher operating costs and weaker contributions from associates, particularly aircraft maintenance unit Lufthansa Technik Philippines (LTP), dragged down MacroAsia Corp.’s nine-month net income attributable to parent-company shareholders by 45 percent to P560.4 million, despite revenue growth across its food services, airport ground handling and water businesses.
The Government Service Insurance System (GSIS) has allocated ₱2.75 billion in emergency lending to assist over 109,000 active members and old-age and disability pensioners living in areas hit by crop pest infestations, rising dengue infections, and the El Niño dry spell.
US consumer prices rose more than expected in October, strengthening expectations that the Federal Reserve will raise interest rates next month, lifting yields and pressuring equities.
The Department of Tourism (DOT) is pushing for the return of turboprop flights to Ninoy Aquino International Airport (NAIA) and the waiver of airport fees, arguing that high transportation costs are making domestic travel increasingly expensive and undermining tourism growth.
Solid Group Inc. is teaming up with a Singapore-linked investment group to establish a USD40-million venture that will build and operate a Philippine factory producing solar photovoltaic cells and modules for export.
Higher operating costs and weaker contributions from associates, particularly aircraft maintenance unit Lufthansa Technik Philippines (LTP), dragged down MacroAsia Corp.’s nine-month net income attributable to parent-company shareholders by 45 percent to P560.4 million, despite revenue growth across its food services, airport ground handling and water businesses.
President Ferdinand Marcos Jr. has approved the addition of nearly eight hectares to the LIMA Technology Center in Batangas, expanding industrial space for new factories and existing companies looking to increase capacity.
With the world facing rising temperatures and the likelihood of a very strong El Niño, the Philippines is calling for urgent, concrete action to turn its national climate plans from written policy into real protection for vulnerable communities.
The Philippines remains hopeful of signing the master agreement for the proposed Pax Silica advanced manufacturing hub before yearend, with negotiations progressing and no major substantive issues threatening a deal, Trade Undersecretary Ceferino Rodolfo said.
For Filipino families dealing with kidney failure, treatment involves more than medical decisions. Frequent hospital visits, travel expenses and the demands of managing care at home can make an already difficult condition an even heavier burden.
The trouble with seemingly nondescript sporting events is that somebody often has to explain why we should care. There are rankings to memorize, rivalries to understand, and statistics we pretend to have been following since childhood. Surfing has an efficient solution to this problem. Put the athletes in the water and let the ocean decide who deserves our attention. It has no interest in press releases, world rankings, or the opinions of people sitting comfortably on dry land.
I have had Tuesday volatility exhaustion for quite a while now. It’s a disease borne out of an alphanumeric that reads RA 8479, which, in plain language, is merely the Downstream Oil Industry Deregulation Act of 1998. “Merely,” of course, is doing a heroic amount of work.
Buying a car in the Philippines has traditionally involved three things: a dealership, a salesperson who calls you “Sir” or “Ma’am” with enthusiasm, and a calculator poised to reveal how much of your future salary you need to commit. There may also be coffee, a test drive, and a discussion about whether the free tint is really worth installing.
Filipinos have long treated food security and food self-sufficiency as though they were the same, as if a country that grows all the food it eats automatically has a well-fed population.