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.
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is set to issue peso-denominated fixed-rate bonds under its ongoing ₱40-billion Bond Program.
The Department of Energy (DOE) expressed optimism for increased oil and gas investments following a recent Supreme Court (SC) ruling on the Malampaya natural gas project.
Motorists and transport operators should brace for another round of fuel price hikes this week, with oil firms expected to implement significant upward adjustments across all fuel products starting Tuesday.
The Philippines reported a 14 percent increase in pineapple exports in 2024, shipping around 680,000 metric tons (MT) compared to 600,000 MT in 2023, according to the UN Food and Agriculture Organization (FAO).