The Department of Agriculture (DA) said it has turned over a rice-processing facility worth P65.6 million to a farmers' cooperative in Nueva Ecija.
Nov 7, 2026
International brands have become unlikely beneficiaries of Beijing’s clampdown on so-called rapidly developed vehicles as they step up efforts to convince Chinese consumers of their cars’ quality and reliability. About 10 foreign carmakers from Tesla to General Motors (GM) were not only displaying their latest electric vehicle (EV) technologies at the China International Import Expo (CIIE), but also using the event to highlight their strengths as they continued to lose market share to Chinese...
Global financial leaders who gathered in Hong Kong this week largely sidestepped Beijing’s offshore trust tax crackdown, a lingering near-term hurdle for the city’s otherwise expanding wealth management industry. Beijing’s move earlier this year to step up scrutiny of wealthy families’ overseas assets was barely discussed openly at a series of financial industry events, including the Global Financial Leaders’ Investment Summit and the PWMA Wealth Management Industry Summit 2026, even as it...
The Philippines will seek to drum up investments in agriculture, energy, advanced manufacturing and the digital economy as regional business leaders and investors gather in Manila for the Association of Southeast Asian Nations (Asean) Business and Investment Summit on Nov. 14 and Nov. 15. Also on Friday, the Department of Foreign Affairs (DFA) confirmed the
The motoring public is expected to get a big break from elevated fuel prices over renewed optimism that the Middle East war will end after Democrats won control of the United States Congress. Jetti Petroleum president Leo Bellas said gasoline prices may significantly drop by P12.50 to P13.50 per liter starting Nov. 10. He noted
BACOLOD CITY—Despite securing an additional 9,151 metric tons (MT) of raw sugar export quota from the United States for fiscal year 2027, industry leaders on Wednesday reiterated their opposition to exporting domestic sugar during the current crop year. This allocation is part of the 1.12 million MT under the US tariff-rate quota system for fiscal
Economists caution that 86% of Thais lack retirement preparedness, emphasizing the need for earlier savings and investments due to increasing life expectancies.
Amid a bear market in China’s stock exchanges, Ren Zeping, the high-profile independent economist famed for his prescient call on China’s A-share bull market, is once again in the spotlight for a “gag order” on his social media, though industry insiders say that the move by the platform was not unexpected. Since October 24, Ren Zeping’s WeChat official account “Zeping Macro” could no longer be retrieved via search and would not accept new subscribers. The same restriction applied to his WeChat...
MANILA, Philippines — The sharp drop in palay and corn output due to weather disturbances and high input costs pulled down the country’s total farm production in the third quarter by a hefty 5 percent to P389.42 billion, according to the Philippine Statistics Authority (PSA). Data from the statistics agency showed that the value of agriculture
MANILA, Philippines — The Philippines’ unemployment rate rose modestly in September as job creation failed to keep pace with the growing labor force, pointing to mixed conditions in the country’s labor market. The Philippine Statistics Authority (PSA) on Friday said the jobless rate inched up to 5.4 percent of the labor force in September from 5.3
MANILA, Philippines — The Philippine economy could snap a four-quarter streak of slowing growth in the third quarter on the back of improving government spending and resilient exports, though the expansion is likely to remain subdued amid continued weakness in domestic demand. Gross domestic product (GDP) likely accelerated to 2.8 percent in the third quarter
MANILA, Philippines — Philippine banks remained in good shape in the first half of the year despite a rise in bad loans, with the Bangko Sentral ng Pilipinas (BSP) citing strong earnings, ample liquidity, adequate capital and stable funding as key buffers. In its latest Report on the Philippine Financial System for the First Semester of
MANILA, Philippines — German lender Deutsche Bank raised its full-year inflation forecast for the Philippines to 5.9 percent following the faster-than-expected October consumer price jump, though it maintained that the Bangko Sentral ng Pilipinas (BSP) has little need to raise interest rates again as price pressures remain concentrated rather than broad-based. In a note, Deutsche Bank