Economy
Airfare relief ahead as fuel surcharge dips
Oct 13, 2026

Airfare relief ahead as fuel surcharge dips

MANILA, Philippines — Travelers flying within and out of the Philippines may see a slight reduction in ticket costs in the second half of October after the Civil Aeronautics Board (CAB) approved lower...

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BMI: PH banks face slower loan growth, rising NPLs
Oct 13, 2026

BMI: PH banks face slower loan growth, rising NPLs

MANILA, Philippines — Weak economic activity and tight financial conditions will weigh on bank lending growth through 2027, BMI said, while also forecasting an increase in bad loans as borrowers conte...

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GCash IPO draws oversubscribed broker orders
Oct 13, 2026

GCash IPO draws oversubscribed broker orders

MANILA, Philippines — Demand for Mynt Inc.’s initial public offering (IPO) exceeded the shares allotted to several brokers, as investors sought a stake in the company behind GCash ahead of its Oct. 20...

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SEC cracks down on FB page posing as licensed lender
Oct 13, 2026

SEC cracks down on FB page posing as licensed lender

MANILA, Philippines — The Securities and Exchange Commission (SEC) has ordered the operators of a Facebook (FB) page posing as Cash-Express Philippines Financing Inc. to stop unauthorized financing an...

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Philex operations continue despite strike
Oct 13, 2026

Philex operations continue despite strike

MANILA, Philippines — Philex Mining Corp. said mining operations at its mine site in Tuba, Benguet, continue despite the ongoing workers’ strike over wages. “So far, mining and processing operations h...

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DTI hopes for US tariff relief; remedies noted
Oct 13, 2026

DTI hopes for US tariff relief; remedies noted

MANILA, Philippines — The Department of Trade and Industry (DTI) hopes to soon secure a lower US tariff rate for Philippine exports after a recent report from Washington acknowledged the government’s ...

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Aircraft parts maker raises stake in PH
Oct 13, 2026

Aircraft parts maker raises stake in PH

MANILA, Philippines — Less than a year after establishing a manufacturing base in a Philippine ecozone, a global aerospace parts manufacturer is expanding to Batangas, where it plans to produce compon...

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PH seeks $57.4M in fresh investments in agri sector
Oct 13, 2026

PH seeks $57.4M in fresh investments in agri sector

MANILA, Philippines — The Philippines is seeking to attract $57.4 million in agricultural investments during a global investment forum happening this week. The Food and Agriculture Organization (FAO) ...

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BIR to roll out 6 digital projects in 2027
Oct 13, 2026

BIR to roll out 6 digital projects in 2027

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has lined up six projects for rollout or implementation in 2027 under its broader digital transformation programs covering taxpayer services,...

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Why wealth taxes can help tame inflation
Oct 13, 2026

Why wealth taxes can help tame inflation

MANILA, Philippines — Inflation has surged, and the pain is clearest at the market stall. The current episode is largely supply-side, with food, fuel, fertilizer, feed grains, weather shocks and distr...

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