Thousands attend PH’s largest investment summit in Dubai
The 9th edition of the Philippine Property and Investment Exhibition (PPIE) and the inaugural Philippines Economic and Investment Summit (PEIS) have concluded here on a resounding note with an impressive turnout of thousands of attendees, including hi...
New EO on Mandanas ruling out by end of 2023: PBBM
A new executive order (EO) will be released by the end of 2023 to ensure the "good" implementation of the Supreme Court (SC) ruling on the Mandanas-Garcia case, President Ferdinand R. Marcos Jr. said on Friday. Marcos made the pronouncement during the...
PH stocks index, peso end week up
Both the local bourse's main index and the peso ended with gains on Friday following the widely-expected pause in the Bangko Sentral ng Pilipinas (BSP) rate hiking cycle a day ago. The Philippine Stock Exchange index (PSEi) gained 0.54 percent, or 35....
BSP chief cites importance of interest rate differential with US
Ensuring adequate interest rate differential between the Philippines and the US will help put market uncertainties at bay, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said. In an interview over CNBC on Friday, Medalla said the current 1....
Swedish foreign trade minister visits PH for high-level mission
A high-ranking Swedish government executive is on a two-day visit in the Philippines to explore potential investments and cooperation, citing the domestic economy's robust expansion. In a briefing Friday, Sweden's Foreign Trade Minister Johan Forssell...
Marcos vows to prioritize local sugar production
President Ferdinand R. Marcos Jr. on Wednesday assured the sugar industry's stakeholders of putting a premium on local production amid scheduled plans to import 150,000 metric tons (MT) of sugar. At a consultative meeting in Malacañan with local farme...
Chicken producers call for importation, smuggling halt amid glut
Local producers of chicken meat and eggs are appealing to the Department of Agriculture (DA) to take immediate steps to curb the importation and outright smuggling of both commodities due to a prevailing supply glut. In an interview on Wednesday, Greg...
ITCZ affecting southern Mindanao, may bring rains
An intertropical convergence zone (ITCZ) is affecting southern Mindanao and may bring rains while the rest of the country will experience mostly cloudy skies with scattered rain showers and frequent thunderstorms in the afternoon or evening caused by ...
DA assures enough rice supply despite El Niño threat
The Department of Agriculture (DA) has assured the country will have enough rice supply for the rest of the year despite the possible effects of El Niño. Based on the rice production outlook data provided by the Department of Agriculture (DA), the tot...
Tesla recalls 1.1M units in China over braking issues
American electric carmaker Tesla is recalling more than 1.1 million vehicles in China due to braking issues, the country's top regulator said in a statement Friday. The recall includes Tesla's imported Model S, Model X, Model 3, and domestically produ...
Bangladesh, India to trade in local notes to cut dollar dominance
Bangladesh and India decided to trade in their currencies, taka and rupee, respectively, to bypass the rising dollar, its dominance in trading, and to promote regional businesses, a Bangladesh Bank (BB) official told Anadolu. The two neighbors made th...
SSS RACE runs after delinquent employers in Leyte, Samar
The Social Security System (SSS) branch office here has identified more than 200 employers in Leyte and Samar provinces for failing to pay SSS contributions. SSS Tacloban branch head Lilibeth Cajucom said they have been sending notices to remind estab...