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SMC taps syndicate of banks for P100 billion to complete MRT 7

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San Miguel Corporation (SMC) has tapped a consortium of Philippine banks for P100-billion to help complete the ongoing construction of Metro Rail Transit 7...

Sugar millers thumb down proposed increase in beverage tax

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The Philippine Sugar Millers Association (PSMA) called on the Department of Finance (DOF) to implement a more stringent tax collection system instead of increasing...

UNCTAD launches new index to measure economic potential

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The United Nations Conference on Trade and Development (UNCTAD) has launched a new-generation Productive Capacities Index (PCI) to help countries make more accurate diagnostics...

Business groups oppose ‘untimely, unreasonable’ wage hike in MM

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Trade groups have appealed to the NCR wage board against any “untimely” and “unreasonable” minimum wage increase in Metro Manila, saying companies have yet...

Former BIS official to head BSP

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Monetary board member Eli Remolona is named Bangko Sentral ng Pilipinas (BSP) governor when economist and academician Felipe Medalla ends his term in less...
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ECOP urges regions to resist copying NCR wage hike

Economy 0
The Employers Confederation of the Philippines (ECOP) has cautioned regional wage boards against automatically following Metro Manila's latest minimum wage increase, arguing that wage adjustments should reflect local economic realities rather than establish a nationwide template.

Gov’t appeals SC ruling barring mandatory vessel tracking system 

Agriculture 0
The Department of Agriculture and the Bureau of Fisheries and Aquatic Resources are taking steps to save a key tool used against illegal fishing after a recent Supreme Court ruling. The high court recently declared Fisheries Administrative Order No. 266 unconstitutional, effectively striking down the requirement for commercial fishing vessels to install tracking devices and submit electronic catch reports.

Fuel prices roll back this week as PH supply improves

Energy & Mining 0
The Department of Energy (DOE) confirmed an across-the-board fuel price rollback starting August 3, ending five consecutive weeks of increases.

VinFast expands battery swapping to drive Philippine EV adoption

Transport & Logistics 0
Vietnamese electric vehicle maker VinFast is accelerating its push into the Philippine market by rolling out 21 motorcycle showrooms alongside a nationwide battery-swapping network, betting that convenience, rather than vehicle technology alone, will determine how quickly Filipinos embrace electric two-wheelers.

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