The Philippine peso fell to a record intraday low of ?63.15 per US dollar on October 15, amid oil price concerns, US inflation, and domestic economic pressures. Read more »
Two of Bicol’s six provinces posted negative growth last year, but Sorsogon also saw the region’s biggest drop in poverty. Read more »
The National Food Authority (NFA) has distanced itself from a proposed deal to import American rice, saying the arrangement is a private-sector initiative. Read more »
The Philippines is expected to post a current account deficit of nearly $20 billion annually through 2027, as elevated oil and commodity prices continue to drive up import costs, according to updated projections from the BSP. Read more »
Prime Infrastructure Capital Inc., the infrastructure company led by billionaire Enrique Razon Jr., expects to double its revenue and earnings over the short to medium term, driven by acquisitions, existing businesses, and new power projects. Read more »
Semirara Mining and Power Corp. (SMPC), the Consunji-led company that has operated the Semirara coal mine in Antique for decades, says the DOE's revised bidding rules effectively prevent it from competing for the mine’s next operating contract. Read more »
