Domestic interest rates, best reflected by the benchmark rate of the Bangko Sentral ng Pilipinas (BSP), are seen to mirror the reduction adopted by the US Fed, which has cut its own benchmark by 50 basis points, analysts say.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. on Wednesday projected a gradual easing of rice prices as soon as October as a result of the government decision reducing the tariff on imports.
Personal remittances from Filipinos living and working abroad reached USD3.43 billion in July, an increase of 3.2 percent from the USD3.32 billion total in the same month last year.
MacroAsia Corp. (MAC), through its majority-owned unit MacroAsia Airport Services Corp. (MASCORP), has begun construction of a new six-story headquarters aimed at strengthening its aviation services operations, following a formal groundbreaking ceremony held today.
Del Monte Pacific Limited (DMPL) moved to clarify its position as its indirect subsidiary, Del Monte Foods, Inc., advances through Chapter 11 proceedings following a court-supervised auction of the US business.
Major power generation groups are emerging as key contenders in Manila Electric Co.’s (Meralco) Competitive Selection Process (CSP) for its 200-megawatt renewable energy (RE) baseload supply, highlighting how established energy players are positioning themselves for long-term clean power contracts.
The reopening of the Likhang Filipino Exhibition Halls marks more than the revival of a physical space—it signals a renewed push to position Filipino craftsmanship and design at the center of the country’s export narrative.