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Competition agency clears Aboitiz Equity acquisition of Coca-Cola Bottlers

The Philippine Competition Commission has given the green light for Aboitiz Equity Ventures Inc. to proceed with the acquisition of beverage maker Coca-Cola Beverages Philippines Inc.

January inflation seen easing further to 3.6%

Above-target inflation averaging 6 percent in 2023 is forecast in January this year to have averaged no more than 3.6 percent, the Bangko Sentral ng Pilipinas said on Wednesday.

Economic Planning chief says political bickering needs to be resolved “soonest”

Economic Planning Secretary Arsenio Balisacan said Wednesday the political bickering sparked by efforts to revise the 1987 Constitution could undermine the economy, whose growth prospects this year are already under threat from El Nino and global geopolitical risks.

GDP expansion disappoints government at only 5.6% in 2023

The country's continued economic expansion in 2023, measured as the gross domestic product (GDP), eased sharply to only 5.6 percent in the final quarter and came even lower than the revised output expansion of 6 percent in the third quarter.

PSA revises upward 3Q GDP growth to 6.0% from 5.9%

The Philippines Statistics Authority on Tuesday announced an upward revision in the third quarter economic growth data, lifting gross domestic production expansion to 6.0 percent in the July-September quarter from an earlier estimate of 5.9 percent.

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PSALM opens Diliman property bidding at P11B minimum to cut debt

The Power Sector Assets and Liabilities Management Corp. (PSALM) has launched the public bidding for its prime Diliman property, carrying a minimum bid price of P11.09 billion, as part of its ongoing asset sale program designed to settle outstanding government power sector debts.

Maya backs DSWD UPLIFT program, advances digital financial inclusion and corporate public value

Maya has formalized its support for the Department of Social Welfare and Development’s UPLIFT Assistance initiative, helping the government streamline digital payouts while expanding low-income households’ access to formal financial services.

DMCI Homes to boost San Juan, Batangas tourism, corporate events with Solmera Beach Resort

DMCI Homes Inc., the property development arm of the Consunji Group, announced Wednesday its Solmera Beach Park Resort is set to drive tourism growth and establish San Juan, Batangas as a leading destination for both leisure travelers and corporate gatherings.

GSIS reopens iconic Coconut Palace to piblic, blending cultural heritage and tourism promise

The Government Service Insurance System (GSIS) officially reopened the historic Coconut Palace, or Tahanang Pilipino, to visitors on August 25, 2026, marking a major milestone in preserving the nation’s cultural heritage while unlocking fresh opportunities for cultural tourism and public engagement. Situated within the Cultural Center of the Philippines Complex in Pasay City, the landmark stands as a defining symbol of Filipino ingenuity, crafted by National Artist for Architecture Francisco “Bobby” Mañosa with a distinct design that draws deeply from local traditions and makes innovative use of coconut-based and other indigenous materials—from lumber and shells to roots and fibers—reflecting both the country’s abundant natural resources and a pioneering commitment to sustainable, locally rooted architecture. First commissioned in 1978 by then First Lady Imelda R. Marcos as a government guesthouse and venue for distinguished visitors, the palace was originally designed to showcase Filipino craftsmanship and the versatility of the coconut as a building material, even welcoming Pope John Paul II during his 1981 visit, and has long stood as one of the Philippines’ most recognizable and culturally significant structures.

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