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Headline inflation slows to 16-month low 4.7% in July; core inflation slips to 6.8%

Prices of consumer goods and services eased further in July, with headline inflation decelerating to a 16-month low 4.7 percent due mainly to a...

Aboitiz plans reallocating bond sale proceeds to help fund Coca-Cola acquisition

Aboitiz Equity Ventures Inc. on Thursday bared plans of reallocating the proceeds of its P17.45 billion bond sale to fund the acquisition of Coca-Cola...

Aboitiz group acquiring the franchise to bottle Coke in PHL

Aboitiz Equity Ventures Inc. (AEV) on Wednesday bared acquiring the rights to bottle Coca-Cola products in the Philippines for $1.8 billion.  AEV and Coca-Cola Europacific...

Monetary Board member expects BSP to start cutting rates in early 2024

Even as inflation starts to decelerate towards the 2 percent to 4 percent target range of the Bangko Sentral ng Pilipinas, a member of...

DA bares depleted rice buffer; G2G import plan likely with India

The Department of Agriculture (DA) on Monday acknowledged depleted rice buffers and bared the need to decide within the week whether a government-to-government (G2G)...

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World Bank backs Philippines reform agenda with $800M loan

The World Bank has approved an USD800-million financing package for the Philippines aimed at strengthening fiscal resilience, improving the business climate and equipping Filipino workers with skills needed for higher-quality jobs.

Grab, MOVE IT launch fuel relief for drivers

Ride-hailing giant Grab and motorcycle taxi platform MOVE IT have rolled out an emergency support program for drivers as surging fuel prices threaten the earnings of thousands of transport workers across the Philippines.

Philippines eyes US-led Pax Silica, critical minerals pact with Canada

The Philippines is seeking to join the US-led Pax Silica Initiative while exploring a critical minerals partnership with Canada, as Manila steps up efforts to position itself in emerging supply chains tied to artificial intelligence, semiconductors and advanced manufacturing.

Philippines urges ASEAN investment certainty amid geopolitical uncertainties

The Philippines on Friday urged fellow members of the Association of Southeast Asian Nations (ASEAN) to reinforce policy stability and cooperation across the region, warning that rising geopolitical tensions are increasingly shaping investment flows and economic confidence.

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