Tuesday, 07 October 2025, 7:19 pm

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    East Asia countries face urgent climate financing challenges as 2030 deadline approaches

    A recent analysis by Moody’s Ratings has illuminated a critical shortfall in climate financing necessary for East Asian economies like the Philippines to achieve global net-zero emissions by 2050.

    Portfolio investments surged 92% to $1 billion in September

    The Bangko Sentral ng Pilipinas (BSP) reported a surge in portfolio investments flowing inward on net basis in September reaching USD1.025 billion—a 92.1 percent increase from August’s USD533.95 million.

    BSP projects October inflation between 2% and 2.8%

    The Bangko Sentral ng Pilipinas (BSP) forecast inflation in October ranging from 2.0 percent to 2.8 percent.

    Soda to Spirits: PepsiCo plans to dominate PH alcoholic RTD market

    PepsiCo is eyeing a competitive position in the alcoholic ready-to-drink (RTD) market in the Philippines, a sector experiencing a notable shift as consumers seek variety in their beverage choices.

    BSP optimistic about PH’s Grey List exit

    The Bangko Sentral ng Pilipinas on Tuesday expressed optimism the Philippines could soon exit from the Financial Action Task Force’s grey list, following a recent statement from the international watchdog recognizing the country’s reforms in anti-money laundering and counter-terrorism financing initiatives.

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    President Marcos names DOJ’s Remulla as Ombudsman

    President Ferdinand R. Marcos Jr. has appointed Secretary of Justice Jesus Crispin “Boying” Remulla as the new Ombudsman, succeeding former President Rodrigo Duterte-appointee Samuel R. Martires whose term ended in July. Remulla, who has served Justice Secretary since 2022, is known for pushing reforms to modernize the justice system and fight corruption. With decades of experience as a legislator and lawyer, he is expected to uphold transparency and accountability. The Marcos administration has reiterated its zero-tolerance of corruption. Ombudsman, the government’s primary graft buster, serves a single 7-year term and can only be removed through impeachment for offenses such as treason, bribery, graft and corruption, or betrayal of public trust.

    DA measures help shield poor from inflation

    Targeted efforts by the Department of Agriculture (DA) to manage the supply and pricing of key food items, particularly rice, sugar, and corn, are helping protect the poorest Filipino households from the brunt of inflation, even as overall consumer prices rise.

    Foreign currency reserves rise in September

    The country's gross international reserves (GIR) increased to US$108.8 billion in September, up from US$107.1 billion at the end of August this year.

    NEA to invest P600M in Basilan Electric Coop rehab

    The National Electrification Administration (NEA) announced plans to invest at least P600 million to rehabilitate the facilities of Basilan Electric Cooperative (Baselco), aiming to modernize its outdated infrastructure and improve service reliability.

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