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Indo-Pacific trade deal prospects dim as 2024 US election year politics loom

The Biden administration has vowed to continue negotiating an ambitious Asia trade deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say.

SMEs that digitalize payment will see increased efficiency, savings: BSP exec

Small and medium-scale enterprises (SMEs) stand to gain several benefits if they digitalize their payment processing, among them increased business efficiency and lower expenses,...

Regulator clears Robinsons Retail’s acquisition of Rose Pharmacy Inc.

Robinsons Retail Holdings Inc. said Friday the Philippine Competition Commission has cleared the acquisition by its unit, South Star Drug Inc., of the entire shareholdings of Rose Pharmacy Inc. 

First Gen secures LNG supply for 4 Batangas power plants

First Gen Corp. said Friday it has concluded the international tender for around 154,500 cubic meters of liquefied natural gas that will fuel four gas-fired power plants in Batangas.

Mandatory engine inspections compel Cebu Pacific to consider wet aircraft leases

Cebu Pacific on Tuesday bared considering a wet lease agreement with aircraft charter company Bulgaria Air as the number of grounded aircraft with engine issues around the globe steadily rises. 

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Economist pushes lower corn tariffs nationwide 

A leading economist is calling for a flat 5 percent tariff on corn imports, saying the move could temper food inflation and expand access to affordable protein as global risks mount.

DA moves to protect food supply as fertilizer costs soar

The Department of Agriculture (DA) is taking steps to secure fertilizer supplies as rising oil prices threaten farm production later this year.

Gov’t checks market prices, ensures food supply stability

President Ferdinand Marcos Jr. inspected the Agora Market in San Juan City on Wednesday, joining officials from the Department of Agriculture (DA) and Department of Trade and Industry (DTI) to monitor food prices and supply.

GCash launches international money transfer feature

GCash has introduced a new service that allows users to send money directly from their e-wallet to bank accounts, cards, and other e-wallets in 16 countries.

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