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Fitch projects better reinsurance activities in lead up to 2024

Banking & Insurance Jun Vallecera Jun Vallecera -
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

Top News Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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

Agriculture Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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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Maynilad 9-month profit rises 10% to P12.6B

Corporate 0
Maynilad Water Services Inc. increased its net income by 10 percent to P12.6 billion in the first nine months of 2026, as higher billed water volume, improved network efficiency, and lower financing costs supported earnings despite elevated operating costs and inflationary pressures.

PEZA eyes 200 ecozones to draw investments to Luzon corridor

Trade & Investments 0
The Philippine Economic Zone Authority (PEZA) is tapping 200 economic zones along the Luzon Economic Corridor to attract manufacturing and technology investments, as the government seeks to strengthen the country’s position in regional supply chains and turn the Subic-Clark-Manila-Batangas route into a more integrated industrial hub.

China Bank Jan-Sep profit climbs 12% to P22.6B

Banking & Insurance 0
China Banking Corp. (China Bank) grew its nine-month net income by 12 percent to P22.6 billion in 2026, as stronger lending activity and wider interest margins boosted core banking revenues while asset quality remained stable.

Free modern jeepney rides offered on two Metro Manila routes

Mobility 0
Commuters on two major Metro Manila routes can save on daily travel costs with free modern jeepney rides from November 5 to 14 under a joint initiative of the Department of Tourism (DOT) and Department of Transportation (DOTr) ahead of the Philippine-hosted ASEAN Summit.

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