PHL digital economy on track to hit $36B in 2025
THE PHILIPPINES’ digital economy is set to hit $36 billion in gross merchandise value (GMV) this year, supported by rapid adoption of e-commerce, transport and delivery services, digital finance and artificial intelligence (AI), according to a report by Google, Temasek Holdings and Bain & Company.
Peso weakens further to track yen’s drop
THE PESO dropped further against the dollar on Tuesday to follow the yen’s decline as markets expect the Japanese government to support its falling...
Subway ruled out for operations by 2028 but limited tests likely
THE Metro Manila Subway has been ruled out for commercial operations by 2028, though, the Department of Transportation (DoTr) said on Tuesday that parts...
Offshore wind auction now set for next year
THE Department of Energy (DoE) said it moved the auction for the fifth green energy auction (GEA-5) round to next year.
GEA-5, the first auction...
Pork MAV 2026 allocation system under review as quota application period draws to a...
THE Department of Agriculture (DA) is reviewing pork allocations for 2026, and has frozen applications for minimum access volume (MAV) quotas while the new...
Canada FTA talks targeted to start in early 2026
THE PHILIPPINES and Canada could start negotiations for a free trade agreement (FTA) early next year, with the talks possibly concluding before next year...
Index snaps four-day rally on growth concerns
THE MAIN INDEX snapped its four-day climb on Tuesday as investors took profits and reacted to downgraded 2025 growth forecasts by S&P Global Ratings...
BIR suspends audit operations after complaints of misuse of LOAs
THE Bureau of Internal Revenue (BIR) has ordered the immediate suspension of its audit operations, after complaints over the misuse of letters of authority...
S&P, AMRO slash Philippine growth projections
S&P GLOBAL RATINGS and the ASEAN+3 Macroeconomic Research Office (AMRO) slashed its Philippine growth projections this year and in 2026, following the slower-than-expected growth...
BSP to stick with a range for inflation target
PANGLAO, Bohol -- The Bangko Sentral ng Pilipinas (BSP) said it plans to continue setting a range for its inflation target amid potential risks...
CIP unit eyes P30.5-B wind power project in Nueva Ecija
DENMARK’S Copenhagen Infrastructure Partners (CIP), a global investor in renewable energy infrastructure, is proposing to build a 300-megawatt (MW) onshore wind farm in Nueva Ecija with an estimated cost of P30.5 billion.
Peso slips vs the dollar on possible yen intervention
THE PESO slipped against the dollar on Monday to track the sideways movement among regional currencies led by the yen amid signals of more...