The Bureau of Customs (BOC) has issued new rules streamlining the temporary admission of foreign cable-laying and repair vessels, as the government moves to facilitate submarine cable and offshore energy projects deemed critical to the country’s digital and energy infrastructure. Under the...
The local stock market may trade sideways this week as concerns over rising inflation and interest rates offset hopes for a peace pact between the United States (US) and Iran. “The local market is still expected to deal with lingering uncertainties, which could keep its movement tempered this...
Cristian Mungiu’s Norway-set drama about political polarization, “Fjord,” has won the Palme d’Or, handing the Cannes Film Festival ’s top honor for the second time to Mungiu, the Romanian director of “4 Months, 3 Weeks and 2 Days.” At a 79th Cannes Film Festival that saw few films...
The potential installation of a new Senate President--be it Senator Sherwin Gatchalian or somebody else--will not affect the strength of the prosecution 's case in the Senate impeachment trial of respondent Vice President Sara Duterte. Thus, said Lanao del Sur 1st district Rep. Zia Alonto...
The Philippine government and the Beijing-based Asian Infrastructure Investment Bank (AIIB) are exploring partnerships in digitalization and energy aimed at improving the ease of doing business and accelerating infrastructure development to support economic growth. In a statement on Friday, May 22,...
The Land Transportation Franchising and Regulatory Board (LTFRB) has approved the inclusion of a total of 141,724 units of passenger jeepneys and UV Express in the list of beneficiaries for the P10 per liter discount fuel subsidy program. LTFRB Chairman Vigor D. Mendoza II said all the details of...
The Philippines will repay until 2044 its biggest-ever loan from the World Bank, which will bankroll a sweeping agricultural transformation program aimed at boosting food production, modernizing farming systems, and strengthening climate resilience. Documents showed that Finance Secretary Frederick...
Victims of two typhoons that struck the country last year would soon receive cash assistance after the Philippines and the Asian Development Bank (ADB) signed the agreement for a $3-million grant that will fund emergency aid for families affected by Typhoons “Tino” and “Uwan.” Documents...
State-run Maharlika Investment Corp. (MIC) has extended up to ₱15 billion in short-term financing to Ramon S. Ang-led Petron Corp., the country’s lone remaining oil refinery, to boost the firm’s working capital for fuel purchases. In a statement on Thursday, May 14, the country’s sovereign...
Japan International Cooperation Agency (JICA) and the Philippine government have launched a technical cooperation project aimed at strengthening sustainable finance and climate-related transparency frameworks in the country. In a statement on Saturday, May 9, JICA Philippines said that it signed...
President Marcos’ chief economic manager brushed off concerns over the country’s fiscal position, assuring markets that the government remains financially stable and still has room to borrow further if needed to cushion the economy from energy shocks. This comes against the backdrop of...
DMCI Holdings Inc. reported a slight decline in first-quarter profit as weaker returns from its coal and water units tempered gains in its real estate and mining divisions. The engineering conglomerate controlled by the Consunji family said that consolidated net income fell two percent to ₱4.9...
