The Land Transportation Franchising and Regulatory Board (LTFRB) on Tuesday approved a P1 provisional fare hike for modern and traditional public utility jeepneys (PUJs) nationwide starting October 8 this year.
Yields on Philippine treasury bills (T-bills) were higher at the auction Monday as the market worries over further acceleration in inflation could force the Bangko Sentral ng Pilipinas to resume its aggressive tightening of monetary policy.
Cebu Air Inc. on Thursday bared plans to order narrow body aircraft from US aircraft manufacturer Boeing as part of its risk management options and to "diversify risk" in the wake of issues arising from Pratt and Whitney (P&W) engines.
The government, through sovereign wealth fund Maharlika Investment Corp., is looking to acquire at least one board seat in the National Grid Corp. of the Philippines, operator of the country’s national electricity transmission highway, House Speaker Ferdinand Martin Romualdez said.
Jollibee Group on Wednesday said that food safety and quality remain non-negotiable priorities serving as the foundation for operational excellence, consumer trust, and sustainable expansion across more than 10,000 stores worldwide.
The Senate broke a two-day leadership deadlock on Wednesday after former Senate President Francis Escudero joined the chamber’s session, paving the way for the election of Sherwin Gatchalian as the new Senate president and the reorganization of key committees. The leadership change is expected to face legal and procedural challenges from allies of former Senate President Alan Peter Cayetano, who dispute the validity of the proceedings. Among the chamber’s first actions under the new leadership was the designation of a presiding officer for impeachment trials, except in cases involving the President, signaling efforts to restore the Senate’s legislative and constitutional functions after days of paralysis.
The Securities and Exchange Commission (SEC) said Wednesday that one of its directors has been arrested by the National Bureau of Investigation (NBI) in an entrapment operation over the alleged extortion of a private corporation.
The Office of the United States Trade Representative (USTR) has found that the Philippines' failure to prohibit and effectively block imports of goods produced with forced labor may unfairly burden US commerce, exposing Philippine exports to potential new tariffs under a Section 301 investigation.