Motorists are set to see another round of mixed movements in pump prices next week, according to an oil industry source.
Oct 23, 2026
MANILA, Philippines — Philippine merchandise exports could breach the $100-billion mark for the first time this year, as booming global demand for semiconductors and electronics continues to drive the country’s shipments to record highs. Trade Undersecretary Ceferino Rodolfo expressed confidence that exports would sustain their momentum through the remaining months of 2026, and potentially push
MANILA, Philippines — A joint circular from the Department of Energy (DOE) and the Department of Environment and Natural Resources (DENR) might undermine the government’s efforts to make the Philippine mining industry a major driver of economic growth, according to industry players. The Chamber of Mines of the Philippines and the Philippine Nickel Industry Association warned
MANILA, Philippines — The Philippine peso sank to another record low on Thursday, extending its slide despite a larger-than-expected interest rate increase by the Bangko Sentral ng Pilipinas (BSP), as broad US dollar strength continued to weigh on the currency. The local currency weakened by 15.9 centavos to close at 63.52 per dollar, surpassing the
MANILA, Philippines — Investments at economic zones drew closer to reaching a record high in 2026 after the Philippine Economic Zone Authority (Peza) approved new projects that brought its year-to-date pipeline to P309.63 billion, surpassing the agency’s full-year target. According to Peza, the investment tally as of October marked a 76.56-percent increase from P175.365 billion
MANILA, Philippines — The Power Sector Assets and Liabilities Management Corp. (Psalm) failed to realize at least P11.09 billion from the planned sale of a portion of its Diliman property, after prospective buyers were no-shows on the bidding deadline. Psalm President and CEO Edward Dela Serna said the state-run company declared a “failed bidding” on
Authors’ Note: This is Step 2 of the six-step Strategy Logic Chain within the PILA Reasoning Stack (Problem, Insight, Logic, and Assumptions). Step 1, the Value Proposition, defines the value a company intends to create. This article asks whether customers will change their behavior to realize that value. MANILA, Philippines — Every year, companies launch products
MANILA, Philippines — Global payments firm Visa is exploring stablecoin use cases with Philippine banks and fintechs as it seeks to reduce the cost and friction of cross-border payments, amid still limited awareness and trust in the emerging digital currency among Filipino consumers. This comes as Visa’s Money Travels 2026 study found that roughly four
MANILA, Philippines — Customer expectations are shifting faster than ever, and delivering a superior customer service experience has become a significant differentiator in business. A number of these companies that have set a high standard for service excellence in the Philippines were recognized in an exclusive awarding ceremony held last Oct. 9 at the Edades
[The content of this article has been produced by our advertising partner.] As Formula One moves from Singapore to Austin, Richard Mille and Ferrari show how innovation, performance and talent development can become powerful drivers of brand value. With the Formula One season entering a decisive phase following the Singapore Grand Prix, Ferrari remains one of the sport’s most closely watched teams. Whether through the performances of Ferrari drivers Charles Leclerc, a long-time Richard Mille...
Chinese households are increasingly shifting assets from real estate and bank deposits into more lucrative investments at home and abroad, despite growing oversight, Moody’s Ratings said. A multi-year downturn in the Chinese property market and low interest rates are fuelling the demand for alternative investments, the ratings agency said in a report published this week. Chinese investors are looking for investments that “offer higher returns than deposits while maintaining relatively low risk,”...
Hong Kong’s offshore yuan bond market is becoming an increasingly important funding source for global banks, with US lenders driving a surge in issuance even as the currency’s traditional funding advantage over the dollar narrows. The shift offers a glimpse of how financial ties between Wall Street and China are evolving despite geopolitical tensions. For US banks, the attraction increasingly lies in access to Chinese capital rather than lower borrowing costs. Offshore yuan-denominated bonds,...