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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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ICTSI completes Brazil logistics acquisition: posts strong Q1 2026 results

International Container Terminal Services Inc. (ICTSI) has fully acquired São Paulo-based logistics firm Companhia Regional de Armazéns Gerais e Entreposto Aduaneira (CRAGEA) through its wholly owned unit IRB Holding Ltda., after securing all regulatory approvals.

PCCI backs ERC reforms to boost investment climate

The Philippine Chamber of Commerce and Industry (PCCI) has thrown its support behind the Energy Regulatory Commission's (ERC) latest reforms, saying the measures could improve the country's investment climate by lowering electricity costs, expanding consumer choice, and speeding up regulatory approvals.

DOF calms LGU fears over property tax reform

The Department of Finance (DOF) has assured local government units (LGUs) that the Real Property Valuation and Assessment Reform Act (RPVARA) will not automatically increase property taxes, seeking to dispel concerns that the landmark reform could burden taxpayers and undermine local fiscal autonomy.

PhilWeb pivots to technology with Pragmatic Play partnership 

Listed PhilWeb Corp. is expanding beyond its traditional role as a gaming operator, striking an exclusive partnership with global gaming content provider Pragmatic Play to strengthen its position as a technology partner for the Philippines' regulated online gaming industry.

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