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    BOP surplus soars to $3.7B in Q3, powered by financial account inflows

    The country's balance of payments (BOP) position surged to a surplus of USD3.7 billion in the third quarter of 2024, a sharp recovery from the USD524 million deficit recorded in the same period last year.

    Palay farm gate prices continue decline in November

    The average farm gate price of dry palay fell to P20.03 per kilo in November, signaling a potential drop in rice prices for consumers in the coming months.

    ADB approves $30M loan to boost PPP projects and infrastructure in the Philippines

    The Asian Development Bank (ADB) has approved a $30 million loan to support the Philippines' infrastructure development through public–private partnerships (PPPs).

    Water rate hike ahead for Metro Manila in 2025

    Metro Manila residents will face higher water rates starting next year, as the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) adjusts tariffs to reflect changes in tax rates, environmental charges, and foreign currency differential.

    PH trade deficit widens in October

    The Philippines' trade deficit in October widened significantly to USD5.8 billion, as imports continued to outpace exports. 

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    GCash launches ‘Tap to Pay’ for contactless global payments

    Philippine fintech firm GCash has launched Tap to Pay, a new contactless payment feature that allows users to make transactions by simply tapping their NFC-enabled Android phones on Mastercard-accepting terminals worldwide.

    VICT secures long-term enterprise agreement with Aussie unions

    Victoria International Container Terminal (VICT), the Australian subsidiary of International Container Terminal Services, Inc. (ICTSI), has signed a comprehensive enterprise agreement with local unions, securing labor conditions across its operations until March 2029.

    Cebu Pacific adds direct Cebu–El Nido Flights, expands domestic reach

    Cebu Pacific will launch daily direct flights between Cebu and El Nido beginning 26 October, further strengthening its domestic network and enhancing inter-island connectivity in the Philippines.

    SMC, Quezon City in pact expanding flood control, river rehab efforts

    San Miguel Corp. (SMC) has formalized a partnership with the Quezon City government in a newly signed memorandum of agreement (MOA) to scale up flood control and river rehabilitation efforts under its Better Rivers PH program.

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