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Philex needs $200M to immediately ramp up output at Silangan project

Philex Mining Corp. continues to look for investors that with at least $200 million to fund a significant ramp up ore production at its Silangan project in Mindanao scheduled to start producing gold and copper in the first quarter of 2025, the president of the country’s largest gold and copper producer said Tuesday.

Government backs ambitious minerals development program with puny P60-million budget

The government has an ambitious minerals exploration and development program this year and beyond but has budgeted only P60 million for its execution.

Ten-year Treasury bonds ease on strong demand at auction

The average rate on Treasury bonds due August 2033 eased at the auction Tuesday, with strong demand for the debt paper pulling down yield. 

Higher NFA palay buying price a win-win for farmers, traders

The government mandate for the National Food Authority (NFA) to increase its palay buying price may not matter much in terms of better retail price for the staple.

Card-less SIM for prepaid Globe by end-September

Globe Telecom Inc. on Monday said its prepaid e-SIM will be available by the end of the month.

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Meralco Networks Group retains ISO quality certification with zero non-confirmities

The Networks Group of the Manila Electric Company (Meralco), led by Manuel V. Pangilinan, has kept its ISO 9001:2015 Quality Management System certification after passing its second surveillance audit with no issues found.

BPI to launch stablecoin settlement system for faster, cheaper cross-border payments

The Bank of the Philippine Islands (BPI) has announced plans to introduce stablecoin settlement rails in partnership with global digital clearinghouse Meridian, aiming to modernize how funds enter the country with an initial focus on payroll support for informal economy workers such as freelancers and virtual assistants.

ADB backs LWUA’s P1.99-B projects for water districts

The Asian Development Bank will support the Local Water Utilities Administration in carrying out a P1.99 billion development project covering 11 water districts across the country.

PH strengthens US tariff case with forced labor ban

The Philippines has bolstered its position in the US' ongoing Section 301 tariff review by adopting stricter rules that prohibit the importation of goods produced through forced labor, a move aimed at strengthening supply chain integrity while protecting domestic manufacturers from unfair competition.

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