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PSA downgrades 2023 GDP to 5.5% on lower services, import numbers

Banking & Insurance Context.ph Context.ph -
The Philippine Statistics Authority on Thursday downgraded the growth estimate for 2023 to 5.5 percent from 5.6 percent.

Visitor arrivals up 18% in 1Q on influx of South Korean tourists

Top News Context.ph Context.ph -
Overseas Filipino workers, who are included in the data sourced by the DOT from eTravel, accounted for 5.7 percent of arrivals, or a total 94,265, lower by 16 percent from the same period last year.

Tiu-Laurel appalled by industrial fish catch for factories diverted instead into wet markets

Agriculture Context.ph Context.ph -
Imported fish species destined for processing on an industrial scale but found instead to have been sold in wet markets across the country has prompted the Department of Agriculture to suspend the issuance of import clearance.

NG budget swings to P164.7B deficit in Feb after posting surplus in Jan

Top News Context.ph Context.ph -
The National Government stepped up spending in February, negating revenue gains during the month to post a wider budget deficit of P164.7 billion, erasing a surplus posted in January.

IEMOP signals WESM price hikes as mercury levels climb in the hot months ahead

Energy & Mining Context.ph Context.ph -
The Independent Electricity Market Operator of the Philippines (IEMOP) projected peak power demand rising 6 percent at the Wholesale Electricity Spot Market (WESM) as temperature climbs in the hot months forward when the island groups across the country demand the most from the power grid. 
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AC Logistics expands cold chain capacity with Quezon City facility

Transport & Logistics 0
AC Logistics Holdings Corp. and Glacier Megafridge Inc. have broken ground on a 25,000-pallet automated cold storage and distribution facility in Balintawak, Quezon City, as demand for temperature-controlled logistics puts a premium on capacity near Metro Manila’s major consumer markets.

DA turns over farming gear across Zamboanga Peninsula 

Agriculture 0
The Department of Agriculture through the Bureau of Fisheries and Aquatic Resources has distributed P34.66 million worth of specialized deep-sea seaweed farming equipment across the Zamboanga Peninsula, stepping up efforts to raise grower incomes and rebuild the country’s standing in the global seaweed industry.

SMC Tollways urges agri-truckers to register for toll discounts before Oct. 31 deadline

Transport & Logistics 0
Truck operators transporting agricultural products have until October 31 to apply for a 5 percent toll discount across expressways managed by SMC Tollways. The price relief program, which runs from November 1 to 30, aims to lower farm-to-market delivery costs amidst rising fuel prices.

Renewed alliance meant to boost data privacy and online safety for youth

Corporate Bulletins 0
Globe and the National Privacy Commission (NPC) have renewed their partnership to strengthen data privacy and digital safety across the Philippines. By extending their Memorandum of Understanding, both entities aim to empower young Filipinos to navigate an increasingly complex online landscape safely, particularly as artificial intelligence and other emerging technologies transform daily communication and learning.

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