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Air Asia taking full advantage of emerging travel trend dubbed ‘travel journey’

AirAsia Philippines reported a surge in bookings in the first seven months of 2024, fueled in part by the itinerant tendencies of tech-savvy Gen Z and Millennial travelers. 

Wider rice sale at P29 a kilo may include areas outside Luzon by Aug — DA chief

Agriculture Secretary Francisco P. Tiu Laurel, Jr. said Friday that government will expand coverage of the P29 rice program to include areas outside of Luzon by next month. 

Del Monte Pacific tells SGX it could effectively manage its debts

Del Monte Pacific Ltd. expressed confidence it could timely and effectively manage its financial obligations after the Singapore Exchange Securities Trading Ltd., or SGX, raised concerns about its current liabilities exceeding the amount of its current assets by USD417.3 million and other financial indicators.

President Marcos expects TPLEX extension to spur economic growth in North Luzon

President Ferdinand R. Marcos Jr. on Wednesday witnessed the formal presentation of the Concession Agreement for the Tarlac-Pangasinan-La Union Expressway extension project, a cornerstone of the Build Better More infrastructure program and aims to shorten to 40 minutes the usual 90-minute drive between Rosario and San Juan, both towns of La Union.

Philippines trade deficit widened in May to $4.6 billion; electronics led export decline

The Philippines' trade deficit widened in May to USD4.6 billion from USD4.4 billion in the year-earlier period as the decline in exports, led by lower sales of electronic products, was magnified by a margin decline in imports.

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PEZA, Oman target investments across four strategic industries

The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.

Davao durian shipped to Oman in new trial export

The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.

Petron net income drops 28% on high oil costs

Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.

Singapore’s USEL eyes Philippine logistics, data center investments

Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in logistics parks and data centers in the Philippines, underscoring growing foreign interest in sectors benefiting from the country's expanding digital economy and infrastructure buildout.

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