Maharlika Investment Corp., manager of the country’s first sovereign wealth fund, and Clark International Airport Corp. on Friday signed a memorandum of understanding to...
The Philippine economy accelerated in the second quarter of 2024, fueled by strong performances in services and industry, which generated more jobs to sustain consumer spending to more than compensate for a downturn in agriculture caused by El Niño.
The headline inflation rate accelerated to 4.4 percent after tapping on the brakes in June, when the year-on-year increase in the consumer price index...
The Bangko Sentral ng Pilipinas said Monday it could start easing interest rates if inflation continues to decelerate with the help of softening rice prices following the reduction of tariff to 15 percent from 35 percent with the implementation of Executive Order 62.
San Miguel Corp. (SMC) has suspended toll fees for marked government vehicles engaged in relief and recovery operations in areas hit by Typhoon Uwan. The move supports President Ferdinand R. Marcos Jr.’s directive to ensure unhindered movement of responders across Luzon.
Net foreign direct investments (FDI) into the Philippines stayed positive in August 2025, although inflows declined by 40.5 percent to US$494 million from US$830 million a year earlier, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Property development giant Ayala Land, Inc. (ALI) booked a net income of P21.4 billion in the first nine months ended September 30, supported by stable property development earnings and the steady expansion of its leasing and hospitality portfolio. Consolidated revenues climbed to P121.8 billion during the period.
Households across Metro Manila and nearby provinces will face slightly higher electricity bills this month as the Manila Electric Co. (Meralco) raised its rates by P0.1520 per kilowatt-hour (kWh).