Peso nears 62:$1 mark, hits new record low
MANILA, Philippines — The Philippine peso fell to a record low on Wednesday, nearing 62 to the US dollar as lingering tensions in the Middle East and uncertainty over the path of US interest rates strengthened the greenback. The local curre…
Rice prices surged 22% in early August
MANILA, Philippines — Average retail prices of rice nationwide increased in early August, ahead of the start of the harvest season in September, according to the Philippine Statistics Authority (PSA). In its latest report on prices of agric…
ABS-CBN banks on more media tie-ups in fight for recovery
MANILA, Philippines — ABS-CBN Corp. is keeping its doors open to more partnerships with other media companies as it rebuilds itself around content creation and distribution years after losing its broadcast franchise. During its long-delayed…
Gov’t faces constraints in funding new 2027 projects
MANILA, Philippines — The Marcos administration’s proposed 2027 national budget has limited room to fund new and emerging priorities as mandatory expenditures increasingly crowd out the allocable portion, according to the Congressional…
BIZ BUZZ: Piki still in ABS-CBN picture
MANILA, Philippines — There was a familiar face at ABS-CBN Corp.’s annual stockholders’ meeting (ASM) on Wednesday—but one whose presence carried a little more intrigue than usual. First Philippine Holdings Corp. chair and CEO Federico “Pik…
Tim Ho Wan takes full control of North America business
MANILA, Philippines — Jollibee Foods Corp.’s Tim Ho Wan is taking full control of its North American business as the restaurant giant sharpens its expansion strategy in one of its priority overseas markets. The fast-food giant said Tim Ho W…
PLDT tests cell-to-sat tech against disaster
MANILA, Philippines — PLDT Inc.’s wireless arm Smart Communications Inc. has completed another round of tests for its direct-to-device satellite technology, this time simulating disaster scenarios in Batangas where traditional mobile networ…
Negros Power pursues P2.1-B modernization program
MANILA, Philippines — Negros Electric and Power Corp. (NEPC), backed by billionaire Enrique Razon Jr., is spending P2.1 billion to strengthen its distribution network, including trimming system losses, without imposing higher rates on consu…
PH top ‘trending’ as retreat destination
MANILA, Philippines — The Philippines has emerged as the world’s fastest-growing retreat destination on an online booking platform, thanks in part to its “island sanctuaries” that are drawing greater interest from travelers seeking rest and…
Metro Pacific: Bulacan bulk water supply improving
MANILA, Philippines — Metro Pacific Bulacan Water (MPBW) has restored water production at a San Jose del Monte treatment plant to its 30-million-liter-per-day (MLD) design capacity as it works to rehabilitate the city’s water system. MPBW, …
Filipinos’ perception of credit ‘maturing’–TransUnion
MANILA, Philippines — Filipinos’ perception of credit continued to improve gradually this year, as consumers faced a more difficult economic environment, according to US-based credit insights firm TransUnion. A survey of 1,000 consumer…
Pax Silica seen to benefit Visayas, Mindanao too
MANILA, Philippines — It’s not just the Luzon Economic Corridor that could benefit from the planned Pax Silica hub in New Clark City, but also areas in the Visayas and Mindanao, where processing plants could rise to supply the minerals need…
DBP grew 6-month profit by 20.5% despite softer interest earnings
MANILA, Philippines — The Development Bank of the Philippines (DBP) saw its net income climb 20.5 percent in the first half of the year, as lower interest expenses offset a decline in interest earnings. According to its latest financial sta…
The Philippines’ stagflation-lite moment
A grim word is beginning to circulate in discussions of the Philippine economy: stagflation. Strictly speaking, the country is not there. Growth has slowed sharply and inflation remains uncomfortable, but unemployment is not too high and ou…
Peso hits fresh record low, approaches P62 against US dollar
Peso hits fresh record low, approaches P62 against US dollar Philippine Canadian Inquirer…
Philippines’ inflation seen above 6pc in 2026
Philippines’ inflation seen above 6pc in 2026 Borneo Bulletin…
Peso nears 62:$1 mark, hits new record low
Peso nears 62:$1 mark, hits new record low Inquirer.net…
Philippine stocks tumble on oil, peso woes
Philippine stocks tumble on oil, peso woes Inquirer.net…