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Maharlika Investment eyes infrastructure projects of Clark International Airport Corp.

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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...

Philippine economy shows resilience amid challenges, expands at faster 6.3% in 2Q 

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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. 

Inflation rises to 4.4 percent in July

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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...

BSP awaits further inflation softening cues before easing monetary policy

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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.

Cebu Pacific defers China flights relaunch; redeploys aircraft to Vietnam, Thailand instead

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Cebu Pacific has deferred anew the relaunch of several flights to China due to a combination low demand and the state of Philippines-China relations.
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Frasco out as DOT chief, stays in Cabinet

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Secretary Christina Garcia Frasco will remain in the Cabinet of President Ferdinand Marcos Jr. but will step down as head of the Department of Tourism to become Presidential Adviser for Sustainable and Resilient Communities. Malacañang said tourism Undersecretary Verna Buensuceso will serve as officer in charge of the agency until a new tourism secretary is appointed. The Palace did not immediately explain the leadership change, and it remains unclear whether recent criticism surrounding the tourism department’s promotional campaign had any bearing on Frasco’s reassignment. Palace Press Officer and Undersecretary Claire Castro said President Marcos expressed his appreciation for Frasco’s leadership at the tourism department.

US probe tests ASEAN trade balance

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The Philippines is closely watching a new US trade investigation that could reshape manufacturing supply chains and complicate trade flows across Southeast Asia.

ASEAN urged to keep trade flowing

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The Philippines is pressing Southeast Asian economies to keep markets open as geopolitical tensions in the Middle East threaten to rattle global supply chains and push up energy costs.

Possible power rate increase of P2–P4/kWh next month – ERC

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The Energy Regulatory Commission (ERC) on Thursday said electricity prices at the Wholesale Electricity Spot Market (WESM) could rise by P2 to P4 per kilowatt-hour (kWh) next month, based on simulations by the Independent Electricity Market Operator of the Philippines (IEMOP).

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