Foreign visitors arrival in the Philippine between January and August this year reached a total 3.66 million, 38 percent more than the total tourist arrivals for the whole of 2022, data from the Department of Tourism showed.
Experts consider the El Nino weather disturbance as aggravating factor to high inflation that could throw off expectations of moderating consumer prices in the waning months of the year.
The Asian Development Bank (ADB) has approved a $303 million loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the Philippines, one of the most vulnerable countries to the effects of climate change and disasters caused by natural hazards.
The three-man Tariff Commission is set to begin this Friday, September 15, a public hearing on the proposal to temporarily reduce the tariff rate on rice imports to 10 percent from 35 percent.
Treasury bill (T-bill) yields were mixed at Monday’s auction, with average rate on the 91-day debt paper up slightly from previous auction after data last week showed inflation accelerating in August.
MacroAsia Corp. (MAC), through its majority-owned unit MacroAsia Airport Services Corp. (MASCORP), has begun construction of a new six-story headquarters aimed at strengthening its aviation services operations, following a formal groundbreaking ceremony held today.
Del Monte Pacific Limited (DMPL) moved to clarify its position as its indirect subsidiary, Del Monte Foods, Inc., advances through Chapter 11 proceedings following a court-supervised auction of the US business.
Major power generation groups are emerging as key contenders in Manila Electric Co.’s (Meralco) Competitive Selection Process (CSP) for its 200-megawatt renewable energy (RE) baseload supply, highlighting how established energy players are positioning themselves for long-term clean power contracts.
The reopening of the Likhang Filipino Exhibition Halls marks more than the revival of a physical space—it signals a renewed push to position Filipino craftsmanship and design at the center of the country’s export narrative.