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Storm-driven food price spikes push Nov inflation to 2.5%—PSA

The rate at which prices change across the Philippines, more known as inflation, accelerated to 2.5 percent in November, from only 2.3 percent in October, the Philippine Statistics Authority reported on Thursday.

PLDT corporate communications head retires

Early Monday, PLDT announced the “voluntary retirement” of veteran journalist Catherine Yap-Yang, a first vice president and head of the company’s corporate communications group. Her retirement took effect December 1.

ASEAN+3 sustainable bond market hits USD893B in 3Q

The sustainable bond market in the ASEAN+3 region experienced significant growth in the third quarter, with outstanding sustainable bonds reaching USD893.1 billion by the end of September, according to data collected by the Asian Development Bank’s Asia Bond Monitor. 

Group complains of sugar price manipulation and calls for urgent government intervention

The United Sugar Producers Federation (Unifed) has called for immediate government action to address the alarming decline in mill price of sugar, which is threatening the livelihood of local farmers.

Unsold condos hits 75,300 units in 3Q—Colliers

Colliers, a leading diversified professional services and investment management company, said its latest data for the third quarter reveals that unsold condominium inventory in Metro Manila has ballooned to 75,300 units, including both pre-selling and ready-for-occupancy units. 

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Globe trims hybrid debt, strengthens balance sheet

Globe Telecom Inc. has completed a significant step in its capital management strategy after concluding a tender offer for its USD600 million 4.2 percent Senior Perpetual Capital Securities, resulting in the repurchase of a large portion of the outstanding debt instrument.

DA centralizes farm reform programs under single office

The Department of Agriculture (DA) has created a single project management office (PMO) to oversee two major reform programs funded by the World Bank. The move aims to improve coordination, speed up implementation, and strengthen oversight.

EastWest charts cautious growth with digital drive

EastWest Bank is doubling down on prudent expansion, sharpening its focus on wealth management, hyper-local growth, and digitalization as it navigates a more uncertain economic landscape.

Alibaba Cloud leads Asia Pacific cloud market, report says

Alibaba Cloud remains the top cloud infrastructure provider in Asia Pacific, according to a new report by Gartner.

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