Korean and Philippine state agencies and corporations recently started construction on a new rice seed processing facility and warehouse with cold storage, marking a significant step in strengthening bilateral ties.
Normalizing coal and nickel prices undermined earnings of DMCI Holdings Inc., sending the nine-month net income of the diversified engineering conglomerate down 28 percent to P20 billion from P27.6 billion in the year-earlier period.
Close to a hundred power generation projects generating 25,511.066 megawatts (MW) have been cleared for system impact studies (SIS) with the National Grid Corporation of the Philippines (NGCP), according to the Department of Energy (DOE).
The budget deficit widened in September this year to P179.5 billion, just a shade under 60 percent from last year's P119.9 billion and the result of far more expenses this year than there were receipts generated, the Bureau of the Treasury said.
The Bangko Sentral ng Pilipinas (BSP) said the country’s banking sector remained strong and stable in the first half of 2025, backed by steady asset growth and solid profits.
OceanaGold (Philippines) Inc. (OGP) reported a 67.8 percent surge in net income for the first nine months of 2025, reaching $49 million from $29.2 million a year earlier, driven by record-high gold prices.
The Department of Energy (DOE) has reaffirmed the target to integrate nuclear power into the country's energy mix by 2032, while advancing renewable energy (RE) development through more than 10,000 megawatts (MW) of new capacities under the fourth round of the Green Energy Auction (GEA 4).
The Philippine economy expanded 4.0 percent in the third quarter, its slowest pace since the COVID-19 pandemic, as household and government spending were weighed down by bad weather and a high-profile corruption probe into public works projects, the Philippine Statistics Authority reported Thursday.