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Manila emerges from Article IV consultations “strong” post-pandemic

The Philippines is adjudged to have emerged from the pandemic on strong economic footing based on the preliminary assessment of a four-man visiting team from the International Monetary Fund (IMF).

House leaders repurpose intelligence funds as inflation-fighting programs

House leaders have set aside a portion of the P1.23 billion intelligence fund under next year's proposed budget into programs that help defeat inflation.

Seven-month FDI weaker at only $4.7B

Foreign direct investments (FDI), the kind that stays for the long haul,  proved weaker in the January-to-July period this year to $4.7 billion from $5.5 billion last year, the Bangko Sentral ng Pilipinas said on Tuesday.

Inflation peeling away from target increases policy rate adjustments – Moody’s unit

Headline inflation getting away from the central bank's 2 percent to 4 percent target range this year heightens the likelihood of a change in the monetary policy structure in the Philippines, the analytics unit of the sovereign credit watcher Moody's Investors Service said on Monday.

GCash users unable to use the popular app; issues assurance funds are safe

GCash, the mobile wallet of Globe Telecom Inc. trends on X, formerly Twitter, after its users complained of inability make transactions, whether sending or receiving, since the early morning hours of Monday. 

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PEZA, Oman target investments across four strategic industries

The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.

Davao durian shipped to Oman in new trial export

The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.

Petron net income drops 28% on high oil costs

Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.

Singapore’s USEL eyes Philippine logistics, data center investments

Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in logistics parks and data centers in the Philippines, underscoring growing foreign interest in sectors benefiting from the country's expanding digital economy and infrastructure buildout.

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