Tag: Food

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March inflation slips to 1.8%, slowest since May 2020

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Philippine inflation decelerated to 1.8 percent in March, its slowest pace since the 1.6 percent registered in May 2020 when the economic activities was challenged by the COVID-19 pandemic-related lockdowns. This decline, down from 2.1 percent in February, was largely driven by lower food prices, particularly rice, which saw a significant annual decrease. 

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Kansai Electric invests in Philippine hydropower storage project

Energy & Mining 0
Japanese utility Kansai Electric Power Co. is betting on the Philippines' clean energy transition, acquiring a stake in the 600-megawatt Wawa Pumped Storage Hydropower Project in Rizal as demand grows for technologies that can stabilize an increasingly renewable-powered grid.

MAP backs Pax Silica with safeguards for national interest

Trade & Investments 0
The Management Association of the Philippines (MAP) has thrown its support behind the proposed Pax Silica Initiative, calling it one of the country's biggest economic opportunities in decades while urging the government to negotiate from a position of strength and ensure robust safeguards protect national interests.

Temasek-backed deal lifts Philippine AI startup ambitions

Communications & Technology 0
A strategic investment by Singapore's Temus in Filipina-founded Thinking Machines Data Science is reinforcing investor confidence in Philippine-built artificial intelligence, as demand for enterprise AI solutions accelerates across Southeast Asia.

MREIT earnings climb as dividends rise on expansion

Property 0
MREIT Inc., the real estate investment trust backed by Megaworld Corp., posted a robust first-half performance as recent acquisitions, higher occupancy, and tighter cost controls combined to lift earnings and support bigger shareholder payouts despite a challenging operating environment.

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