Moody’s Ratings has assigned a first-time ‘Ba2’ corporate family rating to Philippine Airlines Inc. (PAL), citing the flag carrier’s dominant market position and rehabilitated balance sheet against the backdrop of looming energy emergency in the country. In a statement, Moody’s noted the...
The global oil shock triggered by escalating conflict in the Middle East is hitting the Philippines’ poorest households the hardest, as surging fuel costs spill over into food prices and erode purchasing power. A March 26 position paper by state-run policy think tank Philippine Institute for...
The Philippine Navy (PN) said its personnel aboard the landing ship BRP Benguet (LS507) averted a possible collision after a Chinese warship allegedly made a dangerous approach near Pag-asa (Thitu) Island in the West Philippine Sea (WPS). The Western Command (Wescom) said the incident happened...
Factory-gate prices in the Philippines rose at their fastest pace in nearly three years in February, reflecting growing cost pressures in the manufacturing sector. The Philippine Statistics Authority (PSA) reported on Friday, March 27, that the producer price index (PPI) for manufacturing...
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...
Cohan van Dijk of the Netherlands delivered a world-class performance in punishing conditions, carving out a dramatic victory over Japan’s Hiro Karamon and Thailand’s Joseph Weston to reign supreme in the men’s Freestyle division of the ICTSI Philippine Kiteboarding Tour Season 11 at Aqua...
The Federation of Philippine Industries (FPI) is backing targeted measures to mitigate the impact of surging energy costs, though the group warned that remote-work mandates must account for the operational realities of the manufacturing sector. The International Energy Agency recently urged global...
AVANT GARDENER Last week, I wrote about Republic Act (RA) 12215, also known as the Philippine Agriculturists Act, which, in very simple terms, requires anyone engaged in agriculture to be a licensed agriculturist, and what that could mean for the industry. I also interviewed Samantha Geraldine De...
Business groups expect the full implementation of the law suspending or reducing excise taxes on petroleum products to cushion the impact of rising prices on the operations of businesses across the country. In a statement, the Philippine Exporters Confederation Inc. (Philexport) said it welcomes...
Flag carrier Philippine Airlines (PAL) is cutting down its international and domestic connectivity from regional airports as it looks to optimize services to minimize the impact of the Middle East conflict on its operations. In an advisory on Thursday, March 26, PAL said it is implementing...
Benchmark stock index retreated on Thursday, March 26, slipping back below the 6,000 level as investors locked in gains from a two-day rally amid heightening geopolitical friction in the Middle East and domestic inflation concerns. The Philippine Stock Exchange index (PSEi) fell 59.97 points, or...
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...
