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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Sugar imports only a market tool, not policy — DA chief

Agriculture Secretary Francisco P. Tiu Laurel Jr. clarified that sugar importation is not administration policy but a temporary tool to stabilize prices and supply, as the government prioritizes technology and innovation to build a stronger, self-reliant domestic sugar industry.

R&I affirms Philippines A- rating, stable outlook

Japan-based Rating and Investment Information, Inc. (R&I) has affirmed the Philippines’ A- investment-grade credit rating with a stable outlook, citing resilient economic fundamentals, improving fiscal conditions, and manageable external risks.

Ex-Transporation chief elected to San Miguel board 

San Miguel Corp. has elected former Transportation Secretary and Philippine Airlines president Jaime J. Bautista as an independent director, adding a veteran of the aviation, finance, and government sectors to the conglomerate’s board.

Cybersecurity core to digital finance: Maya leaders

Filipinos’ growing use of financial apps has moved cybersecurity from back-end concern to central user experience, Maya executives said at the BusinessWorld Cybersecurity Summit. This shift reshapes industry practices, customer expectations, and regulatory needs.

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