Tag: Cebu Landmasters Inc.

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.

Manila Electric Co., the power distributor that serves Metro Manila, has placed crews and equipment on round-the-clock standby to help ensure reliable electricity supply during the Philippines’ hosting of the 49th ASEAN Summit and Related Summits.

Philippine retailers risk losing legitimate purchases during the holiday shopping rush if fraud detection systems mistake promotional surges for suspicious transactions, Southeast Asian payment solutions provider Fiuu warned.

Inflation is becoming more broad-based in the Philippines, with three-fourths of the consumer price basket now recording price increases exceeding 4 percent, reinforcing expectations of further monetary tightening, according to Citi.