Po-led food and beverage producer Century Pacific Foods Inc. (CNPF) expects to post double-digit growth in both sales and profits this year despite challenges stemming from the conflict in the Middle East. “It’s been a quite challenging second quarter, but we are still seeing double-digit...
Filipino consumers are falling behind their Asian neighbors in bouncing back from the Covid-19 pandemic as low-paying jobs, shrinking savings, and slowing remittances hit household spending. According to a report by Dutch bank ING, while shoppers in India and Japan have resumed pre-pandemic...
Airlines based in the Asia-Pacific region maintained positive momentum in passenger traffic during the first five months of 2026 despite reduced flight schedules beginning to take their toll, according to the Kuala Lumpur-based Association of Asia Pacific Airlines (AAPA). The latest preliminary...
The Philippines scored below the regional average in the World Bank’s latest Human Capital Index Plus (HCI+), underscoring persistent gaps in health, education, and employment outcomes despite outperforming the average for lower-middle-income countries (LMICs). In an April 2026 human capital...
TOKYO, June 26 (Jiji Press) -- The 12 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership decided Friday to begin preparatory talks with the Philippines, Indonesia, and the United Arab Emirates, a step toward launching accession negotiations. The decision...
Campos-led Del Monte Pacific Ltd. (DMPL) reported that its net profit surged sixfold to $48.4 million for its fiscal year (FY) ended April 30, 2026, from the $8 million earned in the previous FY as its United States (US) divestment begins to bear fruit. In a disclosure to the Philippine Stock...
Persistent price pressures are expected to keep the Bangko Sentral ng Pilipinas (BSP) on alert, but foreign observers are now urging a more dovish stance, including a potential year-long pause, following the central bank 's “restrained” rate hike to 4.75 percent. British banking giant...
Cebu Pacific, the country’s largest carrier by passenger volume, posted a slight recovery in travel demand in May as plane ticket prices eased on the back of a declining passenger fuel surcharge. In a regulatory disclosure, Cebu Pacific reported that it carried 2.40 million passengers in the...
Cebu Air Inc., the country’s largest budget carrier operator, announced that all flights under its boutique airline subsidiary AirSWIFT will be absorbed and operated by its regional unit Cebgo starting July 1, 2026. In a statement, Cebu Pacific said that the operational consolidation will not...
Stubborn inflation is forcing the Bangko Sentral ng Pilipinas (BSP) to seriously consider higher borrowing costs, a move that threatens to worsen the sharp economic slowdown already hitting the country. Since the BSP delivered a quarter-point hike to 4.5 percent in April, calls for further...
The Philippines is poised to benefit from the biggest investment ever approved by the United States International Development Finance Corp. (US DFC), as Washington moves to expand energy infrastructure across the Indo-Pacific region amid rising demand for liquefied natural gas (LNG). Documents seen...
Forty-two volunteers were safely rescued after a yacht carrying them and the relief supplies caught fire while on its way to deliver aid to earthquake-hit communities in Southern Mindanao on Friday. Video footage posted on the official social media page of the Adventists Southern Asia-Pacific...
