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BSP cuts interest rates again to foster growth amid easing inflation

The Bangko Sentral ng Pilipinas (BSP) on Wednesday announced a 25 basis point reduction in its key interest rates, lowering the target reverse repurchase rate to 6 percent.

Public-Private Partnerships key to enhancing disaster resilience in the Philippines

Economic Planning Secretary Arsenio Balisacan underscored the critical role of public-private partnership projects in bolstering disaster resilience in the Philippines at the 2024 Asia-Pacific Ministerial Conference on Disaster Risk Reduction.

Palay farm gate prices up 13% in September

Farm gate prices of palay were higher in September compared to the year-earlier level even as it eased from the level in August, boosting rice farmers income.

DA allocates P93.8M aid for typhoon-hit farmers

The Department of Agriculture (DA) on Monday projected a stronger agricultural sector output in 2025 on the back of lessons learned from current year's...

IMF reform to ‘substantially’ cut borrowing costs for member countries

The Executive Board of the International Monetary Fund (IMF) has concluded its review of charges and the surcharge policy and has bared significant reforms aimed at reducing borrowing costs for member countries like the Philippines.

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Aznar Shipping files IPO to fund expansion

Cebu-based Aznar Shipping Corp. has filed with the Securities and Exchange Commission (SEC) to raise as much as P670 million through an initial public offering (IPO), as the regional operator seeks capital to expand its fleet and supporting infrastructure across the Visayas.

President Marcos secures $75M India pledges targeting rural health, digital rails

President Ferdinand Marcos Jr. locked in strategic expansion commitments from Indian conglomerates, anchoring a diplomatic push with USD75 million in immediate investments from iSON Group projected to generate 2,000 local jobs.

DOTr rolls out monthly financial aid to PUV operators

Starting this September, the Department of Transportation (DOTr) is providing targeted financial assistance to transport cooperatives and corporations struggling with monthly loan payments, to keep modern public utility vehicles (PUVs) running and protect workers’ livelihoods.

New 8-car EMU trainset delivered for North-South Commuter Railway

The Department of Transportation (DOTr) announced the arrival of a new eight-car electric multiple unit (EMU) trainset built for the Malolos-Tutuban segment of the North-South Commuter Railway (NSCR). This marks the fourth trainset secured for the project.

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