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Ride hailing firm, now LTFRB-compliant, bares superior transaction charges than rivals

Global ride-hailing service provider inDrive on Friday announced a sharply divergent and superior commission charge than the 23 percent levied by its rivals against their driver partners in Metro Manila and its environs at the moment.

BSP steadies hands on key policy levers six meetings in a row

The Bangko Sentral ng Pilipinas (BSP), noting that inflation already approximates the midpoint of the target 2 to 4 percent range, kept its benchmark interest rate at 6.5 percent. 

MPIC subsidiary proposes linking China-funded bridge project in a P40-B expressway plan

The Cavitex Infrastructure Corp. (CIC), a subsidiary of the Metro Pacific Investments Corp., is planning to build a P40 billion expressway connecting the Cavite Laguna Expressway (Calax) to the proposed Bataan-Cavite Interlink Bridge (BCIB) project.

DA forecasts nearly twice as much rice hoard by year end than last

The Department of Agriculture (DA) on Monday projected the national rice inventory to round the year nearly twice the level achieved in 2023 to 3.64 million metric tons (MT), the debilitating impact of the El Niño notwithstanding.

SMC resurrects previously abandoned, now more environmentally-sensitive PAREX project

The Toll Regulatory Board (TRB) on Sunday said the San Miguel Corp. (SMC) proposal to build an expressway over the Pasig River, reported earlier to have been abandoned, is pushing through after all..

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World Bank backs Philippines reform agenda with $800M loan

The World Bank has approved an USD800-million financing package for the Philippines aimed at strengthening fiscal resilience, improving the business climate and equipping Filipino workers with skills needed for higher-quality jobs.

Grab, MOVE IT launch fuel relief for drivers

Ride-hailing giant Grab and motorcycle taxi platform MOVE IT have rolled out an emergency support program for drivers as surging fuel prices threaten the earnings of thousands of transport workers across the Philippines.

Philippines eyes US-led Pax Silica, critical minerals pact with Canada

The Philippines is seeking to join the US-led Pax Silica Initiative while exploring a critical minerals partnership with Canada, as Manila steps up efforts to position itself in emerging supply chains tied to artificial intelligence, semiconductors and advanced manufacturing.

Philippines urges ASEAN investment certainty amid geopolitical uncertainties

The Philippines on Friday urged fellow members of the Association of Southeast Asian Nations (ASEAN) to reinforce policy stability and cooperation across the region, warning that rising geopolitical tensions are increasingly shaping investment flows and economic confidence.

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