News
Sumitomo weighs new investments in PH rails, renewables
4+ hour, 29+ min ago (321+ words) MANILA, Philippines " Japanese conglomerate Sumitomo Corp. is eyeing more investments in the Philippines, particularly in railway and renewable energy projects, as it expands its infrastructure portfolio. According to the Department of Finance (DOF), Sumitomo is exploring opportunities to operate and…...
Cebu Pacific wins unauthorized ticket sales case in Malaysia
6+ hour, 58+ min ago (191+ words) MANILA, "Budget carrier Cebu Pacific won a trademark case against travel booking platform MOVE after a Malaysian court barred the company from selling the airline's flights without authorization. In a statement on Tuesday, Cebu Pacific said the High Court of…...
Philippines GDP in 2026, growth trends and economic outlook
13+ hour, 19+ min ago (613+ words) The Philippines" economy entered 2026 with a more difficult economic environment than in previous years. After several years of fairly strong post-pandemic expansion, inflationary pressures, global uncertainty, and weaker investment have slowed growth. Although the numbers are still on the rise,…...
PH asks US to drop proposed tariffs over forced-labor imports
17+ hour, 35+ min ago (324+ words) MANILA, Philippines " The Philippines has asked the United States to exempt all, or at least some, of its exports from proposed tariffs targeting countries with inadequate safeguards against imports produced with forced labor. In comments submitted to the Office of…...
Deutsche Bank sees steady June inflation | Inquirer Business
22+ hour, 10+ min ago (311+ words) MANILA, Philippines "Inflation likely held steady at 6. 8 percent in June, as higher electricity prices offset declines in the cost of other key consumer goods, Deutsche Bank said. "While private transport inflation likely eased further alongside the fall in oil prices,…...
Gov't races to approve 2030 ODA-funded projects
22+ hour, 8+ min ago (476+ words) MANILA, Philippines " The Marcos administration plans to fast-track the approval of 20 to 30 infrastructure and social sector projects to maximize official development assistance (ODA) financing before the Philippines gradually loses access to concessional loans following its transition to upper-middle income country…...
ACEN sells 49% stake in India wind farm
22+ hour, 2+ min ago (375+ words) MANILA, Philippines " Ayala-led ACEN Corp. is bringing in a Dutch strategic partner for another renewable energy project in India as it continues to deepen its presence in one of its key overseas markets. In a disclosure on Monday, the listed…...
Batelec II sets public bidding for private sector partner
1+ day, 6+ hour ago (272+ words) MANILA, Philippines "Batangas Electric Cooperative II (Batelec II) has approved the planned public bidding to select a private sector partner as it seeks to strengthen its distribution operations. In a statement, the electric cooperative said its board of directors unanimously approved…...
Poll: Inflation may have eased to 6. 7% in June
1+ day, 22+ hour ago (510+ words) MANILA, Philippines "Inflation likely eased in June as lower food and fuel prices helped offset higher electricity costs, though consumer price growth probably remained above the central bank's target, reinforcing expectations that policymakers will keep a tight grip on monetary…...
BIZ BUZZ: Gasmen is next BSP treasury chief
1+ day, 22+ hour ago (576+ words) The hunt is over for the next Bangko Sentral ng Pilipinas (BSP) treasury chief. Several industry sources told Biz Buzz that BSP Governor Eli Remolona Jr. has handpicked the successor of Edna Villa, senior assistant governor for financial markets, who…...