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Rising tourist arrivals strain water and energy resources, increases CO2 output

The Philippines is grappling with increasing pressure on its water and energy resources due to a surge in tourist arrivals.

Central bank lending rate seen reflecting US Fed rate cut

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.

DA chief projects significant drop in rice prices by January due to tariff reduction

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.

3Q palay output projected to fall 11% to 3.36 million metric tons

The Philippine Statistics Authority projected an 11 percent reduction in palay output in the third quarter to 3.36 million metric tons.

OF personal remittances increase by 3.2% in July to USD3.43 billion

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.

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Gov’t appeals SC ruling barring mandatory vessel tracking system 

The Department of Agriculture and the Bureau of Fisheries and Aquatic Resources are taking steps to save a key tool used against illegal fishing after a recent Supreme Court ruling. The high court recently declared Fisheries Administrative Order No. 266 unconstitutional, effectively striking down the requirement for commercial fishing vessels to install tracking devices and submit electronic catch reports.

Fuel prices roll back this week as PH supply improves

The Department of Energy (DOE) confirmed an across-the-board fuel price rollback starting August 3, ending five consecutive weeks of increases.

VinFast expands battery swapping to drive Philippine EV adoption

Vietnamese electric vehicle maker VinFast is accelerating its push into the Philippine market by rolling out 21 motorcycle showrooms alongside a nationwide battery-swapping network, betting that convenience, rather than vehicle technology alone, will determine how quickly Filipinos embrace electric two-wheelers.

Filipino generosity keeps Philippines among Asia’s philanthropy leaders

Generosity remains one of the Philippines' most durable assets, with new regional studies showing that the country's culture of giving continues to outshine many of its neighbors even as charities grapple with rising costs and growing social needs.

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