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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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JTI targets wider exports with ₱1.9-B Batangas plant

JT International (JTI) is positioning its P1.9-billion Dry Ice Expanded Tobacco (DIET) plant in Batangas to support potential production growth and broaden the Philippines’ export reach, as the country strengthens its role as the tobacco giant’s manufacturing hub for Asia.

DHSUD eyes unsold condos to expand 4PH housing

The Department of Human Settlements and Urban Development (DHSUD) is preparing a new housing financing scheme that would tap unsold condominium units for the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, giving private developers another channel to clear inventory while widening affordable housing options in Metro Manila.

Alternergy earnings gain as new capacity nears

Alternergy Holdings Corp. is starting to see the payoff from its renewable energy buildout, with revenue and operating earnings jumping in fiscal 2026 as new capacity came online and bigger projects moved closer to commercial operations.

Kaban Hotel and Casino Boracay opens new Boracay hub

Kaban Hotel and Casino Boracay has opened at Station 0, adding a new inland tourism and entertainment destination to the island’s world-famous beach attractions.

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