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.
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.
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.
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.
The Aboitiz Group is ramping up its Vietnam expansion, leveraging investments in energy, food security, and infrastructure as economic ties between Manila and Hanoi gain momentum under a deepening bilateral partnership.
Senator Jose 'Jinggoy' Estrada on Monday maintained his innocence in the plunder charges filed against him, alleging that the case is part of a political effort to weaken the Senate bloc aligned with Vice President Sara Duterte. Estrada claimed he had received several offers to have the plunder and graft cases dropped if he agreed to leave the new Senate majority coalition but rejected them. Estrada said he cannot sacrifice the independence of the Senate to improve my personal circumstances. The beleaguered lawmaker framed the plunder case as an assault on the autonomy of the Senate, which “must remain free from political coercion, free from undue influence, and free from any scheme designed to weaken its constitutional role as a co-equal and independent branch of government.”
Interior Secretary Jonvic Remulla said he led the police on Monday to arrest Senator Jose 'Jinggoy' Estrada at the Senate following the issuance of an arrest warrant in a plunder case, despite objections from Senate leaders. Remulla said authorities moved swiftly to enforce the warrant to avoid a repeat of the escape of Senator Ronald 'Bato' dela Rosa. He noted that the Sandiganbayan did not recommend bail for Estrada and four co-accused. Former Public Works Secretary Manuel Bonoan has surrendered to authorities but was taken to a hospital for medical treatment, Remulla added.
The Department of Energy (DOE) confirmed this week will see broad price rollbacks, with reductions starting at P4.76 per liter for gasoline, P9.26 for diesel, and P10.86 for kerosene.