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.
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 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 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.
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.
A University of the Philippines study is urging the government to consider using the Maharlika Investment Fund (MIF) to finance a dedicated semiconductor development fund that could help the Philippines move into higher-value segments of the global chip industry.
The Department of Trade and Industry (DTI) is targeting the settlement of outstanding incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program within the year before fully rolling out a new generation of automotive incentives, including the Electric Vehicle Incentive Strategy (EVIS).
The Chamber of Real Estate and Builders’ Associations (CREBA) is pushing for housing reforms that protect buyers while keeping homebuilding commercially viable, warning that excessive regulation and tax uncertainty could ultimately squeeze housing supply.
CHERRY is tightening the protection of its intellectual property as the homegrown electronics brand expands beyond mobile phones into smart home devices and other consumer technologies sold increasingly through e-commerce.