Even as Filipino businesses become more operationally efficient, the country’s carbon emissions continue to rise, according to the Climate Change Commission.
Pryce Corp. is exiting the pharmaceutical business to sharpen its focus on core operations, including the importation and distribution of liquefied petroleum gas.
Flag carrier Philippine Airlines is betting against rising airfares, as it is set to restore direct flights to Saipan, pinning its hopes that holiday travel would remain strong.
Manufacturing activity in September slipped to negative territory for the first time in five months due to weak demand and increased competition from foreign rivals, according to S&P Global.
The local stock market continued its struggles, declining for a fourth straight session with no positive catalyst to help buck the downtrend.
E-wallet giant GCash has priced its initial public offering at P6.6 per share, settling for a rate lower than initial expectations but would still set up the country’s largest market debut.
Bank lending growth accelerated to a three-month high in August as businesses continued to tap credit, offsetting a further slowdown in household borrowing.
The Philippines is mulling whether to impose tighter regulations on artificial sweeteners following calls from the sugar industry to protect locally produced sugar, the DA said.
Consumer advocates are calling on the government to reconsider imposing higher excise taxes on vape products.
Bank transfers, cash-ins via InstaPay and payments via QRPH will be unavailable starting late Thursday night.
