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 »
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 »
The Philippines may face a widening gap between the skills being developed through workforce programs and the occupations most exposed to artificial intelligence (AI). Read more »
Toshiba plans to expand hard disk drive production in the Philippines over the next three years, with the project expected to create about 3,000 jobs. Read more »
