Economy
DOF, JBIC forge 3-year infrastructure partnership
Oct 24, 2026

DOF, JBIC forge 3-year infrastructure partnership

MANILA, Philippines — The Department of Finance (DOF) and the Japan Bank for International Cooperation (JBIC) have signed a cooperation deal to support infrastructure development programs across vario...

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DA, Nestlé boost Northern Mindanao coffee yields
Oct 24, 2026

DA, Nestlé boost Northern Mindanao coffee yields

MANILA, Philippines — The Department of Agriculture (DA) and Nestlé Philippines will work together to bolster coffee farming in Northern Mindanao, targeting yields of 1 metric ton per hectare. On Frid...

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Puerto Princesa wants larger slice of MICE market
Oct 24, 2026

Puerto Princesa wants larger slice of MICE market

MANILA, Philippines — Puerto Princesa is courting private investors to develop an integrated meetings, incentives, conferences, and exhibitions (MICE) district, anchored by a convention center that co...

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CREC secures P35B for five Batangas solar farms
Oct 24, 2026

CREC secures P35B for five Batangas solar farms

MANILA, Philippines — Citicore Renewable Energy Corp. (CREC) secured its largest syndicated financing to date, amounting to P35.014 billion, to help the group roll out five solar projects in Batangas....

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SBMA, Subic EnerZone extend power pact for 25 years
Oct 24, 2026

SBMA, Subic EnerZone extend power pact for 25 years

MANILA, Philippines — AboitizPower-led Subic EnerZone Corporation has renewed its power distribution partnership with the Subic Bay Metropolitan Authority, extending its management of the Subic Bay Fr...

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Peso logs fresh record low of 63.615:$1 
Oct 24, 2026

Peso logs fresh record low of 63.615:$1 

MANILA, Philippines — The Philippine peso fell to another record low on Friday, capping a bruising week for the currency as concerns over rising inflation at home threatened to prolong its slide ahead...

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BSP may not be done hiking rates as inflation risks mount
Oct 24, 2026

BSP may not be done hiking rates as inflation risks mount

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may have more interest rate increases in store as it battles stubbornly high inflation, analysts said, a move that could change how Filipino...

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SSS makes first overseas investment
Oct 24, 2026

SSS makes first overseas investment

MANILA, Philippines — The Social Security System (SSS) has made its first foreign investment after putting $200,000 in US government Treasuries, with newly appointed President and CEO Victor Limlingan...

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JG Summit to acquire P519-M Oriental Petroleum shares from unit
Oct 24, 2026

JG Summit to acquire P519-M Oriental Petroleum shares from unit

MANILA, Philippines — JG Summit Holdings Inc. plans to acquire 37.05 billion shares in Oriental Petroleum and Minerals Corp. from its wholly owned subsidiary, placing the investment directly with the ...

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PNB 9-month profit jumps 15% to P21.3B
Oct 24, 2026

PNB 9-month profit jumps 15% to P21.3B

MANILA, Philippines — Philippine National Bank (PNB) saw its nine-month net income grow by 15 percent to P21.3 billion as lending expanded and the share of soured loans declined. On Friday, the Lucio ...

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