The Department of Agriculture (DA) on Wednesday released National Food Authority (NFA) rice stocks to local government units (LGUs) as a strategic food security emergency measure to stabilize rice prices and ensure affordable supply for consumers.
The Department of Transportation (DOTr) has approved a fare hike for the Light Rail Manila Corp. (LRMC), which will take effect on 2 April 2025. The decision, made official in a 14 February letter, comes after the LRMC petitioned for an increase in fares, citing adjustments in its concession agreement.
Personal remittances from overseas Filipinos (OFs) surged to a historic high of USD3.73 billion in December 2024, marking a three percent increase from the previous year. The robust inflows helped push full-year remittances to USD38.34 billion, the highest ever recorded, reflecting a three percent growth over 2023's USD37.21 billion.
A lenient Toll Regulatory Board (TRB) on Sunday announced that major toll expressways will reinstate cashless and contactless toll collection starting March 15, 2025, in accordance with regulatory efforts to streamline traffic flow and improve toll operations.
The National Dairy Authority (NDA), under the Department of Agriculture, has partnered with Phylum SARL, a France-based consultancy specializing in food, animal health, and welfare, to conduct a feasibility study for the Philippine Dairy Project.
The Philippines recorded a $2.6 billion balance of payments (BOP) deficit in March 2026, pushing the total shortfall for the first quarter to $5.3 billion, signaling that more money flowed out of the country than came in during the period.
Vietnamese electric vehicle manufacturer VinFast is stepping up its Southeast Asian expansion, moving aggressively into the Philippines’ high-volume motorcycle market through partnerships with 14 local distributors ahead of its planned commercial launch this June.
Vehicle sales in the Philippines weakened in the first quarter of 2026, even as electrified mobility continued to gain momentum, according to industry data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
The Salmon Group has raised US$100 million in fresh funding, marking a major leap in its push to expand across the Philippines’ fast-growing financial services market. The round was heavily oversubscribed, signaling strong investor confidence in the company’s rapid rise and long-term vision.