Tag: Middle East

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ICTSI expands boldly in the Middle East despite tensions

International Container Terminal Services Inc. (ICTSI) is pressing ahead with expansion and acquisitions even as geopolitical tensions in the Middle East begin to ripple across global shipping routes and costs.

February inflation up at 2.4% on higher food prices

Headline inflation edged higher in February, signaling renewed price pressures from key food staples even as broader trends remain relatively contained.

President Marcos pledges fuel stability amid Middle East conflict

President Ferdinand Marcos Jr assured Filipinos on Tuesday that the country’s fuel supply remains secure despite volatility in global oil markets triggered by escalating tensions between the United States and Iran.

Philippines seal first Middle East FTA

The Philippines is set to clinch its first free trade agreement with a Middle Eastern nation, with the signing of a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates next week, a move expected to widen Manila’s commercial footprint in the Gulf.

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DoubleDragon pivots as overseas revenues fuel growth

DoubleDragon Corp. posted record revenues of P27.91 billion in 2025, up 56 percent from P17.86 billion a year earlier, as fresh contributions from its overseas operations began reshaping the company’s earnings profile.

San Miguel targets P30-billion preferred share sale

San Miguel Corp. seeks to raise up to P30 billion through a new preferred share offering as the conglomerate moves to refinance debt and support its ambitious infrastructure expansion program.

US State Secretary backs Luzon Corridor in Marcos call

US Secretary of State Marco Rubio reaffirmed Washington’s support for the Luzon Economic Corridor during a telephone conversation with Ferdinand R. Marcos Jr. on May 31, underscoring the growing economic and strategic partnership between Manila and Washington.

Factory rebound gains steam as demand recovers

Philippine manufacturing returned to growth in May, snapping a brief downturn as stronger domestic demand fueled production and new orders, according to the latest S&P Global Philippines Manufacturing PMI survey.

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