The Philippines is poised for slower economic growth and higher inflation over the next two years as escalating geopolitical tensions in the Middle East drive up energy and commodity costs, prompting the ASEAN+3 Macroeconomic Research Office (AMRO) to downgrade its economic outlook for the country.
MerryMart Consumer Corp. is set to leave the stock market as parent group DoubleDragon Corporation moves to fully absorb the retailer in a consolidation play that underscores the growing push among Philippine conglomerates to streamline operations, unlock synergies and scale faster.
Green GSM Philippines has secured a P2-billion credit facility from Philippine National Bank (PNB), providing a major financial boost to the expansion of the country’s all-electric ride-hailing network as demand for sustainable urban transport gains momentum.
Gilas Pilipinas Women opened their FIBA 3x3 World Cup campaign with two losses on Monday, but not without flashing the grit and resilience that have become hallmarks of the program.