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...
mWell, the Metro Pacific Group’s fully integrated digital healthcare platform, has expanded its services to include mind health through a partnership with global mental health and well-being organization MindNation. "Mind health is just as important as physical health, and yet for so many...
The Asian Development Bank (ADB) is mobilizing $4 billion in financing to help its developing member countries (DMCs) cope with the economic fallout from the ongoing war in the Middle East, with the Philippines among those seeking assistance as higher fuel, food, fertilizer, and freight costs...
The proposed merger between the tollway businesses of San Miguel Corp. (SMC) and Metro Pacific Investments Corp. (MPIC) is on track for completion in the third quarter of the year, with the plan currently in the valuation stage. MPIC Chairman Manuel V. Pangilinan confirmed that both companies are...
Artificial intelligence (AI) is beginning to reshape trade processes across the Asia-Pacific region, but adoption remains limited as economies grapple with skills shortages, infrastructure costs, as well as regulatory challenges, according to a joint study by the Bangkok-based United Nations...
Philippine conglomerates operating in critical sectors like real estate, power, energy, and telecommunications are facing heightened financial strain from the strengthening United States (US) dollar, which threatens to inflate the cost of their foreign-denominated debt. The brewing corporate...
Airlines are projected to see their combined profits cut in half to $23 billion this year as margins tighten further amid higher jet fuel costs, whose prices have soared due to the ongoing conflict in the Middle East, according to the International Air Transport Association (IATA). Based on its...
