The country's balance of payments (BOP) position, or what is left after Manila's foreign-currency expenses are deducted from its foreign currency earnings, posted a significant shift in December 2024, registering a deficit of USD1.5 billion, reversing the USD642 million surplus seen in the same month of 2023.
The Department of Agriculture (DA) is optimistic about surpassing last year's rice production figures, with projections aiming for a new record in palay output this year.
The Department of Agriculture (DA), through the Office of the Solicitor General, has filed a motion for reconsideration with the Supreme Court to reverse a controversial ruling that allows commercial fishing vessels to access municipal waters, traditionally reserved for small-scale fishers under the Fisheries Code. The move comes as the DA warns that the decision could have serious legal and environmental consequences for the fishing industry.
Manuel V. Pangilinan, the long-serving chairman and CEO of Metro Pacific Investments Corp. (MPIC) and PLDT Inc., has confirmed that both companies are facing significant succession issues as he approaches the twilight of his career.
Maynilad Water Services Inc., the West Zone water concessionaire, is in talks with banks for its planned initial public offering (IPO) on the Philippine Stock Exchange, as part of its mandatory listing requirement by 2027.
PASAY CITY — Veteran litigator Atty. Ruy Rondain, former Ako Bicol Party-list Representative Zaldy Co’s lawyer, told reporters Wednesday that unless the government presents clarified, admissible evidence, his client faces no criminal case.
The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 49 percent jump in net income to P14.32 billion in the first nine months, driven by stronger gaming operations and improved efficiency across its business units.
SM Investments Corp. (SM Investments), the parent company of the SM Group, received the Platinum Award for Asia’s Best Materiality Reporting at the 11th Asia Sustainability Reporting Awards (ASRA)held recently at the Grand Hyatt Singapore.
Agriculture Secretary Francisco P. Tiu Laurel Jr. said Wednesday he does not expect Tropical Cyclone Tino’s impact on the Visayas and parts of Mindanao to upset the country’s rice supply but warned that corn production may suffer significant losses.