Philippines’ most influential business coalitions pledged on Monday, March 30, to ramp up investments in renewable energy and implement aggressive conservation measures as the government scrambles to insulate the economy from the global oil shock triggered by escalating Middle East hostilities....
The global oil price and supply shock caused by the war in the Middle East may reverse early 2026 gains by Philippine exporters, according to think tank Oxford Economics. In a report on Monday, March 30, Oxford Economics senior economist Sheana Yue said that while Asian goods exports started 2026...
The Philippine Exporters Confederation Inc. (Philexport) has expressed strong support for proposed amendments to the Magna Carta for micro, small, and medium enterprises (MSMEs), while stressing that reforms must deliver concrete benefits such as improved access to financing and more favorable loan...
The Department of Trade and Industry (DTI) secured a commitment from the country’s largest manufacturers and retailers to freeze prices on essential goods through mid-April to insulate households from the inflationary fallout of escalating tensions in the Middle East. In a statement late...
The Philippines’ goods trade with the rest of the world grew faster in February, ahead of the conflict in the Middle East posing a threat to the country’s exports. The latest preliminary Philippine Statistics Authority (PSA) data on Friday, March 27, showed that total external trade rose 10.7...
The government is now one step away from imposing a price ceiling of ₱50 per kilo on imported rice after the proposed policy received the recommendation of the interagency National Price Coordinating Council (NPCC). In a statement on Thursday, March 26, NPCC said it is adopting the Department of...
The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) has expressed support for the government’s move to revive joint oil and gas exploration talks with China, citing the need for energy security amid global volatility. “FFCCCII welcomes the pronouncement of...
Vietnamese electric vehicle (EV) ride-hailing firm Green and Smart Mobility (GSM), operating as Green GSM in the Philippines, is planning a major expansion in the country to take advantage of rising demand for transport services as fuel prices soar, the Department of Trade and Industry (DTI) said....
Tourism stakeholders and regional directors of the Department of Tourism (DOT) gathered to honor former DOT Secretary Christina Garcia-Frasco for what they described as hands-on and transformative leadership that reshaped Philippine tourism. For four years, Frasco led sustainable tourism,...
Ferry passengers may soon face higher fares and fewer trips as the maritime industry grapples with surging global oil prices, the Maritime Industry Authority (Marina) said. The Marina announced on Monday, March 16, that it has allowed domestic shipping operators to raise passenger fares by up to 20...
As the competitiveness of the Philippines’ sugar industry slowly deteriorate, Senator Risa Hontiveros has called on the Senate to review the country’s existing laws, particularly the Sugar Regulatory Administration (SRA) charter and the Sugar Industry Development Act (SIDA) of 2015. Hontiveros...
Manila City Mayor Francisco "Isko Moreno" Domagoso announced that the city government is working with the Bureau of Plant Industry (BPI) to explore the adoption of Singapore’s urban farming technologies as part of the city government 's efforts to strengthen food sufficiency in Manila...
