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    Slower growth projected this year under latest WEO iteration

    Top News Context.ph Context.ph -
    The economy is projected to expand at the rate of 5.8 percent this year in terms of the gross domestic product, according to the International Monetary Fund in its latest iteration of the World Economic Outlook (WEO).

    BSP OKs $3.81B public sector foreign borrowings for Q3 2024

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    The policy-making Monetary Board of the Bangko Sentral ng Pilipinas has approved USD3.81 billion in foreign borrowings for the public sector during the third quarter of 2024, marking a 36 percent increase from the USD2.81 billion approved in the same period last year.

    PCC approves joint venture for Sangley Point Int’l Airport

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    The Philippine Competition Commission (PCC) has approved a joint venture between the Cavite provincial government and a consortium including Cavitex Holdings, Inc. and House of Investments, Inc. to develop the USD11 billion Sangley Point International Airport (SPIA).

    Recto to chair G-24 meeting in Washington

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    The Intergovernmental Group of Twenty-Four (G-24) will convene under the chairmanship of Finance Secretary Ralph Recto of the Philippines to address pressing international monetary and development finance issues.

    Report: PH lost $8.1B to online scams in 2024

    Top News Context.ph Context.ph -
    The Philippine economy lost an estimated USD8.1 billion, around 1.9 percent of gross domestic product, through online scams despite growing awareness among Filipinos, the 2024 State of Scams in the Philippines report showed.
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    Sugar import ban to stay another year

    Agriculture 0
    The Department of Agriculture (DA) said the ban on sugar imports will remain in place until December 2026, clarifying that it will not end in September 2026 when the current crop year ends.

    ERC clears NGCP’s P12.96B Camarines Sur substation

    Energy 0
    The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) 500-kilovolt substation project in Milaor, Camarines Sur, which will serve as a connection point for offshore wind power projects. The project costs P12.96 billion.

    Tawi-tawi power coop restructures P400M debt

    Energy 0
    The Department of Energy (DOE) said a new debt restructuring agreement between Kaltimex Rural Energy Corp. and the Tawi-Tawi Electric Cooperative (Tawelco) is expected to address around P400 million in unpaid obligations and help stabilize electricity service in the province, particularly in Bongao.

    DM Wenceslao tower gains PEZA status

    Economy 0
    DM Wenceslao & Associates Inc.’s 8912 Asean Avenue has secured a major regulatory boost after the government declared the property a Philippine Economic Zone Authority–registered Information Technology Center, strengthening Aseana City’s appeal to global IT and business process management locators.

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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    PAL receives first Airbus A350-1000 in Southeast Asia

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    The Philippine Airlines (PAL) has taken delivery of its first Airbus A350-1000, becoming the first carrier in Southeast Asia to operate the next-generation widebody aircraft as part of its long-term fleet modernization and global expansion plans.
    Agriculture

    Sugar import ban to stay another year

    0
    The Department of Agriculture (DA) said the ban on sugar imports will remain in place until December 2026, clarifying that it will not end in September 2026 when the current crop year ends.
    Energy

    ERC clears NGCP’s P12.96B Camarines Sur substation

    0
    The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) 500-kilovolt substation project in Milaor, Camarines Sur, which will serve as a connection point for offshore wind power projects. The project costs P12.96 billion.
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