US begins Iran port blockade, oil prices ease on hopes for dialogue
WASHINGTON/DUBAI — The US military began a blockade of Iran's ports, angering Tehran and adding uncertainty around the crucial waterway, although hopes for dialogue...
Relief from diesel, gasoline excise tax suspension to be limited, economic managers say
By Justine Irish DP. Tabile, Senior Reporter
SUSPENDING excise taxes on diesel and gasoline would only provide limited relief compared to lifting levies on liquefied...
HSBC chair says Middle East peace deal needed to restore global energy flows
HONG KONG — HSBC Holdings Chair Brendan Nelson said on Tuesday that a Middle East peace deal was essential to ensure a substantial resumption...
Pope says he will continue to speak out against war after Trump attack
ABOARD PAPAL PLANE — Pope Leo told Reuters on Monday that he plans to continue speaking out against war after US President Donald Trump's...
US, Iran leave door open to dialogue after tense Islamabad talks
ISLAMABAD/DUBAI/WASHINGTON — After a sleepless and at times tense night in Islamabad, Iranian and US officials ended their highest-level talks in decades without a...
Excise tax on LPG, kerosene suspended
PRESIDENT Ferdinand R. Marcos, Jr. on Monday said he approved the suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene to soften the impact of rising fuel costs on households, while leaving levies on gasoline and diesel unchanged.
Philippines lags ASEAN neighbors in FDI Confidence Index
THE PHILIPPINES dropped two spots to 18th out of 25 emerging markets in the 2026 Foreign Direct Investment (FDI) Confidence Index by global management consulting firm Kearney.
Housing dream slips further for Manila’s working poor
ELISA T. IFURUNG still imagines the day she can stop packing belongings into rented rooms. The 69-year-old retired household helper has moved five times as landlords raised rents beyond what her family could afford, each transfer shrinking the chances of settling down in a home she can call her own.
Fuel retailers roll back gasoline, diesel prices
SEVERAL OIL FIRMS are rolling back prices beyond the government’s initial projections, with diesel prices expected to drop by up to P23 per liter.
DPWH OKs award of P7.78-B Boracay bridge to SMC unit
THE Department of Public Works and Highways (DPWH) said it has approved the award of the P7.78-billion Boracay bridge project to San Miguel Holdings Corp. (SMHC), the infrastructure arm of San Miguel Corp. (SMC).
CNPF profit rises 11% to P7.1B on cost controls
CENTURY PACIFIC Food, Inc. (CNPF) reported an 11% increase in net income for 2025 to P7.1 billion, as tighter spending offset pressure on gross...
Axelum earnings grow 23% to P849.6M on higher sales
AXELUM RESOURCES CORP. reported a 23.42% increase in net income for 2025 to P849.59 million, driven by higher sales and selling prices across its...