The country closed November with fuller rice granaries, even as corn inventories cooled heading into December—signaling mixed dynamics in staple food supply chains.
In an exclusive interview with Context.PH, SteelAsia chairman and chief executive officer Benjamin Yao laid out a vision that goes beyond growth targets and capacity figures. At stake, he said, is nothing less than the country’s industrial future.
The Board of Investments (BOI) has moved to calm investor nerves, assuring Toyota Motor Philippines Corp. and Mitsubishi Motors Philippines Corp. that nearly P4 billion in unpaid incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program will still be settled—despite President Ferdinand Marcos Jr.’s veto of the budget allocation.
The various fuel retailers will roll out mixed fuel price adjustments starting Tuesday morning. Gasoline prices will go down by P0.10 per liter, while diesel will increase by P0.20 per liter and kerosene by P0.10 per liter. Companies such as Seaoil, PTT, and Jetti will implement the changes at 6:00 a.m.