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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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PEZA, Oman target investments across four strategic industries

Trade & Investments 0
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

Agriculture 0
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

Corporate 0
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

Transport & Logistics 0
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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