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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Central banks must adopt for AI era— BSP chief

Banking & Insurance 0
Central banks around the world must prepare to seize both the opportunities and navigate the challenges brought by artificial intelligence while upholding their key missions of keeping prices steady and financial systems secure.

STI Holdings’ assets climb 10% to P18.7B

Corporate 0
STI Education Systems Holdings Inc. (STI Holdings) grew its consolidated assets by 10 percent to P18.69 billion in the financial year ended June 2026, as strong tertiary enrollment and continued investments in campus infrastructure and education technology supported its financial performance.

Monde Nissin trims capex, targets premium noodle market growth

Corporate 0
Monde Nissin Corp. has reduced its 2026 capital expenditure budget to P5.4 billion from about P6.5 billion, prioritizing a new biscuit manufacturing plant in Northern Luzon as it navigates softer noodle volumes and intensifying competition from premium imports.

ERC issues show cause orders against power firms over excessive unplanned outages

Energy & Mining 0
The Energy Regulatory Commission (ERC) has stepped up its drive to keep electricity supply steady, issuing 24 show cause orders to 13 power generation companies whose facilities repeatedly went offline beyond allowed limits. Released on October 14, 2026, these orders require the firms to submit verified explanations on why their units exceeded the allowable equivalent unplanned outage limits set under existing reliability rules.

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