Tag: Editors' Picks

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India imposes 40% export duty on onions to calm rising prices

Agriculture Context.ph Context.ph -
India will impose with immediate effect a 40 percent export duty on onions up to Dec. 31 in an attempt to improve domestic availability of the vegetable, the ministry of finance said in a notification on Saturday.

Shein, Forever 21 owner sign deal as fast-fashion majors look to widen reach

Corporate Context.ph Context.ph -
Shein said on Thursday it has partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property, as the online fashion retailer and its rivals look to expand their market reach.

Bautista urges KEXIM for more transport-related support projects

Transport & Logistics Context.ph Context.ph -
South Korea, the country's fourth largest source of sub-market loans, more known as official development assistance (ODA), has indicated a willingness to fund even...

Fed’s Powell: higher rates may be needed, will move ‘carefully’

Banking & Insurance Context.ph Context.ph -
The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy.

Asia’s worries over currency volatility get in the way of rate cuts

Banking & Insurance Reuters Reuters -
A spurt in the U.S. dollar and China's defense of the yuan are forcing Asian central banks to step up interventions in their weakening...
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PAL offers half-price fares for returning Manila-Dubai flights

Transport & Logistics 0
Philippine Airlines (PAL) has launched a one-day fare sale to mark the comeback of its nonstop Manila–Dubai route starting October 2, 2026.

GSIS marks Pensioners’ Week, solar loan out Sept. 30

Banking & Insurance 0
The GSIS is expanding benefits for retired public workers this National Pensioners’ Week, with the new Ginhawa Solar Energy Loan (GSEL) launching September 30.

SOCOTECO II–Ignite JVA faces pushback anew as court issues TRO

Energy & Mining 0
The proposed Conditional Joint Venture Agreement (CJVA) between South Cotabato II Electric Cooperative (SOCOTECO II) and Ignite Power has encountered a new setback after the Office of the Executive Judge of the 11th Judicial Region issued another Temporary Restraining Order (TRO) halting the remaining scheduled dates of the cooperative’s membership plebiscite.

PH growth seen rebounding to 5.1% in 2027, ADB says, though risks remain

Economy 0
The Philippine economy is set to return to solid growth in 2027, supported by stronger services and industry activity plus timely government spending on key infrastructure, according to the Asian Development Bank’s latest outlook released today. Gross domestic product is projected to expand 3.3 percent this year before rising to 5.1 percent in 2027 — a slightly slower pace than previously estimated in July, as prolonged tensions in the Middle East and higher global commodity prices have weighed on investments and raised costs.

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