Inflation, or the rate of change in prices, is forecast as high as 4.5 percent in May and should not prove lower than 3.7 percent during the month, the Bangko Sentral ng Pilipinas said on Friday.
It was a bronze medal for Alas Pilipinas, the motley squad of college and professional volleyball players handpicked by national team coach Jorge Sousa de Brito, at the 2024 AVC Challenge Cup but it surely feels more like gold.
The Department of Transportation (DOTr) is evaluating a proposal by the San Jose del Monte local government in Bulacan to realign the MRT-7 project's Bulacan station. The proposal has the potential to delay its completion.
Growth across the economy this year is forecast to remain below its five-year average of 6.6 percent, according to the sovereign credit watcher Standard and Poor's.
The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.
Transportation Secretary Giovanni Lopez has directed the Civil Aviation Authority of the Philippines (CAAP) to reduce Passenger Service Charges (PSC) and airport navigation fees in airports operated by the agency.
Universal Robina Corp., the listed food unit of the Gokongwei Group, posted modest revenue growth last year but saw profits ease as unusually high coffee input costs squeezed margins, highlighting how volatile commodity prices continue to challenge food manufacturers.
Economic ministers of the Association of Southeast Asian Nations on Friday called for urgent de-escalation of tensions in the Middle East, warning that prolonged conflict could ripple across global energy markets and threaten Southeast Asia’s fragile economic recovery.