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Over 500,000 MT of imported rice due to arrive December through February

Around 76,000 metric tons of rice from Taiwan and India are scheduled to arrive this month and early January even as grains imported by the private sector have started to arrive as part of the broader effort to boost inventory of the national food staple in preparation for the adverse effects of the El Nino weather phenomenon, a ranking official of the Department of Agriculture (DA) said on Wednesday.

Four consortia pass documents to win P171-billion NAIA rehab project

The Department of Transportation on Wednesday said four large groups have submitted bid documents to win the  P171-billion contract to rehabilitate, optimize and maintain the Ninoy Aquino International Airport. 

National Treasury eyes P585B domestic borrowing in 1Q via treasury auctions

The Bureau of the Treasury plans to raise P585 billion for budgetary support in the first quarter through the weekly auctions of treasury bills and bonds.

ECOP chief bares wish list for 2024

The head of the Employers Confederation of the Philippines (ECOP) said the trade group’s biggest wish for 2024 is for more investments to come into the country to create more work for more people.

Ranks of poor Filipinos decline  in 1H 2023 by nearly 1M—PSA

The ranks of poor Filipinos declined in the first half of this year compared to the same period in 2021 as the government lifted COVID-19 mobility restrictions last year, allowing the economy to recover, create more jobs and spur more investments.

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Hormuz access deal secures supply, not prices

Energy Secretary Sharon Garin said the Philippines has secured “safe and preferential access” through the Strait of Hormuz, a move aimed at reducing supply risks amid rising global tensions, but one that will not immediately lower pump prices.

Globe joins global tech giants in massive Asia cable project

Globe Telecom has partnered with a group of international firms to develop the Candle Cable System, a major undersea network aimed at improving internet connectivity across Southeast and East Asia.

Converge boosts internet speeds nationwide amid fuel crisis

Converge ICT Solutions Inc. has announced a temporary nationwide speed increase for its FiberX internet plans to help customers cope with rising fuel costs and their impact on daily expenses and mobility.

Aboitiz unit upgrades Laguindingan airport airside facilities

Aboitiz InfraCapital, Inc. (AIC) has completed a series of upgrades to the airside facilities of Laguindingan International Airport to improve safety, efficiency, and reliability of operations.

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