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Fitch projects better reinsurance activities in lead up to 2024

Global credit watcher Fitch Ratings has recalibrated the year's reinsurance outlook to "improving" from "neutral" a while earlier to reflect the sector's strengthening financial performance going into 2024.

Government outstanding debt rises by P99.44B to P14.24T in July

The Philippines’ outstanding national government debt increased further in July, rising by P96.44 billion to P14.24 trillion.

Meralco rates up in September on higher generation charge

After the combined rate reduction of P1.0121 in the past two months, the Manila Electric Company (Meralco) announced Friday an upward adjustment of P0.5006 per kWh in the electricity rate this September. With this, overall rate for a typical household is P11.3997 per kWh this month from P10.8991 per kWh in August.

DA boasts of 95 percent retailer compliance to EO 39

The Department of Agriculture on Thursday boasted of 95 percent compliance by rice retailers to Executive Order 39 capping the price of the staple to a set number.

Foreign currency reserves marginally lower in August

The gross international reserves (GIR), an indication of a country's capacity to pay for maturing foreign debt and trade obligations, stood marginally lower in August to $99.8 billion from only $99.9 billion in July, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.

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SM hotels use gastronomy to drive longer stays

SM Hotels and Conventions Corp. (SMHCC) is turning gastronomy into a tourism strategy, using its hotel network to give travelers more reasons to stay longer, explore regional destinations, and spend more on experiences tied to Philippine food and culture.

DOT targets up to 7 million tourist arrivals in 2026

The Department of Tourism (DOT) is targeting 6.4 million to 6.8 million international visitor arrivals for full-year 2026, with a stretch goal of reaching seven million, as expanded visa-free access for Chinese tourists could help sustain the Philippine tourism recovery amid geopolitical tensions and higher fuel costs.

Nissan Philippines previews Navara hybrid, Primera EV

Nissan is reinforcing its commitment to the Philippine market as it prepares to broaden its electrified vehicle lineup, giving customers an early look at two upcoming models at Nissan DARE ahead of their availability on Nov. 6.

Parqal gives pets their own space, too

Parqal has opened Pawgrounds, a dedicated pet park giving dogs and their owners space to walk, play, and socialize as pets become an increasingly visible part of Filipino leisure time.

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