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.
Aboitiz Renewables, Inc., the renewable energy arm of Aboitiz Power Corp., has energized its 92.55-megawatt peak (MWp) San Manuel solar power plant in Pangasinanrr, marking another milestone in the company’s nationwide clean-energy expansion. The facility is the firm’s third solar project in Pangasinan, joining the Cayanga-Bugallon and Laoag solar plants.
San Miguel Corp. (SMC) has delivered new relief supplies to Cebu, where thousands of people are still staying in evacuation centers more than a week after Typhoon Tino hit on November 4.
Security Bank Corp. reported solid growth for the first nine months of 2025, with total revenues rising 22 percent year-on-year to P48.8 billion. Net profit increased 7 percent to P9.1 billion, reflecting stronger lending activity and improved margins, despite higher provisions for credit losses.