The budget deficit projected this year to equal 6.1 percent of local output measured as the gross domestic product (GDP) is seen steadily diminishing over five years when it rounds the period to only 3 percent of GDP, the Development Budget Coordination Committee (DBCC) said.
Britain's national grid has started removing components supplied by a unit of China-backed Nari Technology's from the electricity transmission network over cyber security fears, the Financial Times reported on Sunday.
Stores Specialists, Inc., a wholly-owned subsidiary of listed SSI Group Inc., has taken a 40 percent stake in PRADA Philippines Inc., a joint venture...
The National Irrigation Administration (NIA) has accelerated the completion of big-ticket projects, starting with the P1.276-billion Balbalungao small reservoir irrigation project (SRIP) in Lupao, Nueva Ecija.
The European Chamber of Commerce of the Philippines (ECCP) expects stronger trade and investment flows after the European Union and the Philippines formally elevated their relationship to an Enhanced Partnership, a move that adds momentum to ongoing negotiations for a bilateral free trade agreement.
AC Mobility is accelerating its electric vehicle ambitions by expanding far beyond car sales, positioning itself as an integrated mobility company that combines charging infrastructure, renewable energy, financing and fleet services to make EV ownership more practical for Filipino consumers.
The Philippine Tour Operators Association (PHILTOA) is reshaping its vision for the country's tourism industry around four priorities—sustainability, digitalization, inclusivity and wellness—as shifting traveler expectations redefine what makes destinations competitive.
HD Hyundai has launched the first vessel built at its Subic shipyard, marking the start of full-scale shipbuilding operations in the Philippines and signaling renewed confidence in the country's bid to regain its footing as a regional maritime manufacturing hub.