The Department of Tourism (DOT) on Friday, Dec. 19, thanked the Bicameral Conference Committee for supporting the sector’s budget, saying sustained investment in tourism drives economic growth and job creation. DOT highlighted that even with a reduced P100 million promotions budget in 2024, the...
The Jollibee Group has been recognized for its sustainable supply chain practices at the inaugural Asia ESG Positive Impact Awards, earning the Silver Award for its commitment to sustainability and responsible business operations. The recognition, held on November 6 in Kuala Lumpur, Malaysia,...
Ayala Healthcare Investment Holdings Inc. (AC Health) is planning to use the fresh capital from the investment of the Temasek group’s ABS Impact Fund II to finance the expansion of its network of hospitals, clinics, and pharmacies. “With the fresh capital, AC Health will expand its network to...
ABC Impact, the Singapore-based impact investor dedicated to Asia and backed by Temasek Trust and Temasek, is acquiring minority interest of around 16 percent in Ayala Healthcare Holdings Inc. (AC Health). AC Health announced the landmark investment in a disclosure to the Philippine Stock Exchange,...
Following widespread class suspensions due to typhoons and the intensified southwest monsoon (habagat), a teachers’ group urged the Department of Education (DepEd) on Thursday, July 24, to utilize buffer days before calling for immediate makeup classes. Alliance of Concerned Teachers (ACT)...
Marking a historic achievement for the country’s higher education sector and placing the Philippines at the top among Southeast Asian nations, a total of 121 Philippine higher education institutions (HEIs) have made it to the 2025 Times Higher Education (THE) Impact Rankings. The latest impact...
With the United States (US) being the Philippines’ top export destination at the start of 2025, Moody’s Analytics said the tariffs that US President Donald Trump plans to impose on cross-border goods may hurt exporters. “A potential reciprocal US tariff due to be announced on April 2 is a...
The Department of Energy (DOE) has issued system impact studies (SIS) to 12 energy projects in February. The DOE is set to endorse these projects to the National Grid Corporation of the Philippines (NGCP) to assess whether the power grid can accommodate the additional capacity. If not, NGCP will...
The Department of Energy (DOE) has granted system impact studies (SIS) to 11 energy projects spread nationwide. These projects, mostly consisting of renewable energy (RE), are set to undergo assessments that would determine if the power grid is feasible enough to allow new connections; this would...
Over the weekend, new US President, Donald Trump, announced he would impose tariffs on goods from countries like Mexico, Canada and China. These were part of his long-promised economic policy during his campaign and were put into effect early this week. Many experts and economists have argued that...
Economies across the Asia-Pacific region can withstand headwinds from the policies of the Trump 2.0 administration that are deemed detrimental to global free trade and climate financing, according to a top Asian Development Bank (ADB) official. Once the United States imposes tariffs, "China, of...
Amid escalating trade tensions between the giant strategic rivals, the U.S. and China, President Marcos’ chief economic manager remains optimistic about the Philippines’ economic prospects under the Trump 2.0 administration. “We’re optimistic under a Trump presidency. You have a...
