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Eight-month tourist arrivals hit 3.66M

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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

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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

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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

Agriculture Context.ph Context.ph -
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

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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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BIR removes VAT on electricity system loss charges

Energy & Mining 0
The Bureau of Internal Revenue (BIR) has removed value-added tax (VAT) from allowable electricity system loss charges, giving consumers another potential reduction in their power bills as the government moves to ease electricity costs through administrative measures.

Bishops oppose SOCOTECO II-Ignite power deal, seek board suspension

Energy & Mining 0
Catholic bishops have joined mounting opposition to the proposed joint venture between South Cotabato II Electric Cooperative (SOCOTECO II) and Ignite Power and Energy Holdings, urging the Ombudsman to suspend cooperative board members facing complaints over the controversial deal.

Globe extends monsoon relief to Central Luzon families

Social Responsibility & Sustainability 0
Globe is providing relief assistance to 700 families in Pampanga, Bulacan, and Bataan still recovering from the Southwest Monsoon, in partnership with Ayala Foundation Inc. Covered areas include Pampanga’s Masantol, Macabebe, Apalit, Candaba, Bulacan’s Calumpit, and Bataan’s Hermosa and Dinalupihan, building on earlier Alagang Globe support as recovery proceeds. The company confirms full restoration of mobile and broadband services previously disrupted across parts of Metro Manila and Rizal province.

PayJoy, Kservico expand smartphone financing beyond cities

Transport & Logistics 0
PayJoy Philippines is expanding its smartphone financing reach through a partnership with appliance and electronics retailer Kservico, using nearly 170 stores across Metro Manila and Luzon to bring device financing closer to consumers outside major urban centers.

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