The Philippine Competition Commission fined six firms and their officers P1.76 billion over an illegal onion market allocation scheme, its largest penalty to date. 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 »
More Filipino families consider themselves poor, with 55% describing their households as mahirap in a September survey by Social Weather Stations (SWS). 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 »
The Senate impeachment court on Tuesday, October 13, allowed House prosecutors to withdraw three of the four impeachment articles against Vice President Sara Duterte, leaving allegations of unexplained wealth as the sole charge to be decided by senator-judges. 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 »
