Wednesday, 17 September 2025, 1:50 am

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    Eight-month tourist arrivals hit 3.66M

    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.

    El Niño could throw off forecast 2023 inflation, Moody’s unit says

    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.

    $303M ADB loan to boost flood resilience in river basins

    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.

    Tariff Commission hears proposed rice tariff cut this Friday

    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.

    T-bill rates mixed at auction of P15B debt paper

    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. 

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    BSP deploys new anti-scam law to probe flood control corruption accounts

    The Bangko Sentral ng Pilipinas (BSP) has launched an investigation into bank accounts linked to the recent flood-control corruption controversy, invoking for the first time the newly enacted Anti-Financial Account Scamming Act (AFASA), or Republic Act No. 12010.

    AMLC freezes assets of DPWH officials, contractors linked to ‘ghost projects’

    The Anti-Money Laundering Council (AMLC) has issued freeze orders on the assets and bank accounts of multiple Department of Public Works and Highways (DPWH) officials and private contractors allegedly involved in fraudulent or “ghost” infrastructure projects, according to Public Works Secretary Vince Dizon.

    PAL tops Asia-Pacific for on-time performance in August

    Flag carrier Philippine Airlines (PAL) has been named the most punctual airline in the Asia-Pacific region for August 2025, achieving an on-time performance (OTP) rating of 89.37 percent, according to global aviation analytics firm Cirium.

    Grab faces new oversight in driver incentives

    Grab Philippines has signed a new agreement with the Philippine Competition Commission (PCC) to extend the regulatory review of its driver incentive program by another year, underscoring ongoing corporate oversight following its 2018 acquisition of Uber’s Southeast Asia operations.

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