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LTFRB allows provisional increase in transport fare beginning Sunday

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. 

Treasury bill yields up at auction on inflation, interest hike worries

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 Pacific plans near-term all-Boeing or all-Airbus aircraft order

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.

House Speaker Romualdez says NGCP stake in Maharlika radar

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.

Rice, corn grain production shortfall this year seen minimal – USDA

The country's production of milled grains as rice and corn this year should prove only minimally lower than target, the United States Department of...

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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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