A constitutional crisis that could derail the country’s economic recovery from the COVID-19 pandemic is looming , with the Senate and the House of Representatives take polar positions on the ongoing People’s Initiative to revise the Philippine Constitution.
The government sector borrowed USD1.32 billion more in medium- to long-term (MLT) funds in the final three months of 2023, which was 66 percent more than that borrowed a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
The Department of Agriculture (DA) on Sunday reiterated the likelihood for the onion import ban to last beyond May or even June as part of measures helping shield onion growers from unreasonable farm gate prices and the destruction of their crops.
The price of palay or unhusked rice per kilo in the final three months of 2023 averaged P21.81, a 6.4 percent increase from third-quarter prices and 25 percent more than the year-earlier period.
An expected monetary policy easing this year—and consequently a drop in mortgage rates--should bolster demand for residential projects and industrial space, the latest edition of Colliers Research said.
The various fuel retailers will implement mixed price adjustments starting Tuesday morning. Gasoline prices will increase by P0.30 per liter, while kerosene prices will decrease by P0.20 per liter. Diesel prices will remain steady with no changes.
Bounty Fresh Group Holdings Inc. announced plans to add approximately 300 new Chooks To Go rotisserie stalls and restaurants nationwide by the end of 2025, bringing its total store count to around 2,000.
The Palawan Electric Cooperative (Paleco) and Vivant Energy Corp., through its subsidiary Delta P Inc., have started implementing a 40-megawatt (MW) power supply agreement in Puerto Princesa City, Palawan.
SM Investments Corp. underscored its commitment to practical and scalable sustainability efforts during The Dirty Work of Doing Good, a conference hosted by the French Chamber of Commerce and Industry in the Philippines.