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Business chiefs ask Malacanang to suspend Philhealth contribution hike 

Banking & Insurance Context.ph Context.ph -
Business leaders petition the Marcos administration to suspend the increase in contribution to the Philippine Health Insurance Corporation (Philhealth) indefinitely until complaints against the...

BSP governor rules out easing rates ‘soon’

Banking & Insurance Context.ph Context.ph -
The central bank governor on Wednesday ruled out rate cuts anytime soon due to upside inflation risks and signaled that borrowing costs will remain higher for longer.

JCRA affirms Philippines A- rating, stable outlook

Banking & Insurance Context.ph Context.ph -
​The Japan Credit Rating Agency, Ltd. (JCRA) has kept the country's investment-grade credit rating of A minus (A-) with a stable outlook.

Higher tax collection narrows budget deficit in 2023 to P1.512T

Top News Context.ph Context.ph -
Increased tax collection last year narrowed the government’s budget deficit to P1.512 trillion from P1.614 trillion in 2022, albeit slightly wider than the P1.499 trillion deficit target for the year.

NG debt rise to P14.79T in January on increased domestic borrowings

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The total national government debt at the end of January reach P14.79 trillion, up P173.91 billion from the level at the end December 2023, nudged higher by an increase in domestic borrowings for budget support.
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Aboitiz leads PH power generation market share – ERC data

Energy & Mining 0
Data from the Energy Regulatory Commission (ERC) in June shows that Aboitiz Equity Ventures Inc. (AEV) holding the largest share of the power generation market at 24.30 percent, equivalent to 6.85 million kilowatts.

Sugar industry welcomes closure of bioethanol import loophole

Agriculture 0
The United Sugar Producers’ Federation of the Philippines (Unifed) has welcomed new guidelines from the Department of Agriculture (DA) and Sugar Regulatory Administration (SRA) that closes a regulatory loophole affecting imports of sugar-based feedstocks for bioethanol production.

Mixed fuel price adjustments expected this week

Energy & Mining 0
The various fuel retailers indicate mixed price adjustments for gasoline and diesel will take effect this week.

DA allocates funds and launches programs to preserve Ifugao rice terraces

Agriculture 0
The Department of Agriculture (DA) is stepping up efforts to protect the Ifugao Rice Terraces, a UNESCO World Heritage Site, from threats including climate change, aging infrastructure, and shifting farming practices. Agriculture Secretary Francisco Tiu Laurel Jr. led an assessment visit to Banaue and Batad Rice Terraces over the weekend to review conditions and consult with local farmers and officials.

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