Rule of Law Slump Threatens Thailand’s FDI and OECD Ambitions

Thailand Business News - Oct 24, 2026

Thailand’s slide down the global rankings in the Rule of Law Index poses a significant risk to the country’s economic ambitions, particularly its pursuit of Foreign Direct Investment (FDI) and its target to join the OECD by 2028.

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DA, Nestlé boost Northern Mindanao coffee yields

Oct 24, 2026

DA, Nestlé boost Northern Mindanao coffee yields

MANILA, Philippines — The Department of Agriculture (DA) and Nestlé Philippines will work together to bolster coffee farming in Northern Mindanao, targeting yields of 1 metric ton per hectare. On Friday, both parties signed an agreement to unveil the Mindanao Integrated Coffee Development and Genetic Resource Program (MICDGRP), which aims to enhance coffee productivity in

Puerto Princesa wants larger slice of MICE market

Oct 24, 2026

Puerto Princesa wants larger slice of MICE market

MANILA, Philippines — Puerto Princesa is courting private investors to develop an integrated meetings, incentives, conferences, and exhibitions (MICE) district, anchored by a convention center that could accommodate up to 20,000 people. Mayor Lucilo Bayron said the city was positioning the more than 500-hectare Santa Lucia Environmental Estate as a major investment destination that would combine

CREC secures P35B for five Batangas solar farms

Oct 24, 2026

CREC secures P35B for five Batangas solar farms

MANILA, Philippines — Citicore Renewable Energy Corp. (CREC) secured its largest syndicated financing to date, amounting to P35.014 billion, to help the group roll out five solar projects in Batangas. On Friday, the company said that it sealed the syndicated project financing with the Bank of the Philippine Islands (BPI), Land Bank of the Philippines

SBMA, Subic EnerZone extend power pact for 25 years

Oct 24, 2026

SBMA, Subic EnerZone extend power pact for 25 years

MANILA, Philippines — AboitizPower-led Subic EnerZone Corporation has renewed its power distribution partnership with the Subic Bay Metropolitan Authority, extending its management of the Subic Bay Freeport Zone’s power distribution system for another 25 years. Subic EnerZone has served the special economic zone since October 2003. As of Feb. 28, 2026, it served more than

Peso logs fresh record low of 63.615:$1 

Oct 24, 2026

Peso logs fresh record low of 63.615:$1 

MANILA, Philippines — The Philippine peso fell to another record low on Friday, capping a bruising week for the currency as concerns over rising inflation at home threatened to prolong its slide ahead of the US Federal Reserve’s (Fed) next policy meeting. The local currency weakened by 9.5 centavos to close at 63.615 against the dollar,

BSP may not be done hiking rates as inflation risks mount

Oct 24, 2026

BSP may not be done hiking rates as inflation risks mount

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may have more interest rate increases in store as it battles stubbornly high inflation, analysts said, a move that could change how Filipinos spend, save and invest. In a note to clients. Jojo Gonzales, research analyst at Bank of America, said the Monetary Board may deliver

SSS makes first overseas investment

Oct 24, 2026

SSS makes first overseas investment

MANILA, Philippines — The Social Security System (SSS) has made its first foreign investment after putting $200,000 in US government Treasuries, with newly appointed President and CEO Victor Limlingan planning to raise the pension fund’s offshore allocation to as much as 5 percent of its investment reserve fund (IRF) by 2027. Limlingan, who spoke to

JG Summit to acquire P519-M Oriental Petroleum shares from unit

Oct 24, 2026

JG Summit to acquire P519-M Oriental Petroleum shares from unit

MANILA, Philippines — JG Summit Holdings Inc. plans to acquire 37.05 billion shares in Oriental Petroleum and Minerals Corp. from its wholly owned subsidiary, placing the investment directly with the parent company. The conglomerate’s board said on Friday that it approved the proposed acquisition from JG Summit Capital Services Corp. on Oct. 22. READ: JG Summit

PNB 9-month profit jumps 15% to P21.3B

Oct 24, 2026

PNB 9-month profit jumps 15% to P21.3B

MANILA, Philippines — Philippine National Bank (PNB) saw its nine-month net income grow by 15 percent to P21.3 billion as lending expanded and the share of soured loans declined. On Friday, the Lucio Tan-led bank said its earnings in the January-to-September period rose from P18.5 billion a year earlier. READ: PNB first-half profit jumped 17% to

Washington cues $34-m grant to boost ube industry

Oct 24, 2026

Washington cues $34-m grant to boost ube industry

MANILA, Philippines — The US government is providing $34.1 million (about P2 billion) in funding to advance the development of the Philippine ube industry in the next few years. Lee Lipton, Washington’s Ambassador to the Philippines, said the US Department of Agriculture (USDA) had awarded the grant under its Food for Progress Program, which supports

International passenger traffic thru NAIA swells by 2.6%

Oct 24, 2026

International passenger traffic thru NAIA swells by 2.6%

MANILA, Philippines — International passenger traffic at Ninoy Aquino International Airport (Naia) has held up in the year so far, even posting modest growth despite flight disruptions and soaring airfares that have weighed on global travel for much of 2026. Data from New Naia Infra Corp. (NNIC), the operator of the country’s main gateway, showed that

After GCash, PSE chief sets sights on Maya

Oct 24, 2026

After GCash, PSE chief sets sights on Maya

MANILA, Philippines — Philippine Stock Exchange (PSE) president and CEO Ramon Monzon is setting his sights on a local listing for Maya, hoping GCash parent Mynt Inc.’s stock market debut will help persuade its rival to follow. “Let’s work on Maya, now that GCash has been listed already,” Monzon said in an interview. READ: Mynt

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