Category: Business
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Philippine Inflation Holds Steady at 2.9% in January Amid Rice Price Drop
In January, the Philippines experienced a consistent inflation rate of 2.9%, mirroring the figure from December 2024. This stability comes as rice prices fell, counteracting rises in other food categories. The Philippine Statistics Authority reported a significant deflation in rice prices at -2.3%, the lowest since June 2020, which contributed to maintaining the overall inflation…
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BIR’s E-Payment Collections Soar Past PHP2 Trillion Mark
The Bureau of Internal Revenue (BIR) has reported a significant increase in the use of its electronic payment services, with collections surpassing PHP2 trillion in the first ten months of the previous year. This milestone was announced during the 2025 National Tax Campaign Kick-off at the Philippine International Convention Center in Pasay City, highlighting the…
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Philippine Market Surges After Trump Delays Tariffs on Canada and Mexico
In Manila, the decision by US President Donald Trump to postpone tariffs on goods from Canada and Mexico has been met with enthusiasm by investors, propelling the Philippine stock market to recover and surpass the 6,000 mark. The Philippine Stock Exchange index (PSEi) saw a significant rise of 3.5 percent, or 206.02 points, reaching 6,089.06…
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Philippines Secures Further ADB Funding to Boost Workforce Skills
MANILA – The Asian Development Bank (ADB) has committed to further funding the SkillsUpNet Philippines (SUN PH) program, following the successful completion of its first phase. The agreement for the second phase, SUN PH 2, was formalized at the ADB headquarters by ADB Country Director Pavit Ramachandran, Department of Trade and Industry Secretary Ma. Cristina…
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Philippine National Debt Sees Slight Decline in December
In Manila, the national government’s total outstanding debt decreased marginally to PHP16.05 trillion in December, marking a 0.24 percent drop from PHP16.09 trillion the previous month. The Bureau of the Treasury (BTr) reported that this figure aligns well with the projected PHP16.06 trillion outlined in the 2025 Budget of Expenditures and Sources Financing. According to…
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First Gen to Power Industrial Printer with Renewable Energy and Efficiency Solutions
First Gen Corporation, a leading renewable energy provider, has renewed its commitment to supply clean energy to Precision Crestec Inc., an industrial printing company based in Pasig City. The agreement includes providing 700 kilowatts of renewable energy to the facility, enhancing its sustainability efforts. In addition to the energy supply, First Gen’s affiliate, Pi Energy…
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Philippine Treasury Successfully Allocates Reissued Bonds
The Philippine Bureau of the Treasury announced a complete allocation of reissued Treasury bonds during an auction held on Tuesday. These bonds, with a remaining term of five years and five months, were auctioned at an average yield of 5.968 percent, which was slightly below the current secondary market rate. As of February 3, the…
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Philippine Auto Parts Industry Advocates for 30% Local Sourcing Requirement
MANILA – The Philippine Parts Makers Association (PPMA) is pushing for a new regulation that would require vehicle manufacturers in the Philippines to source at least 30% of their parts locally. PPMA president Ferdi Raquelsantos emphasized that such a policy could be supported by tax incentives for vehicle assemblers who meet the local sourcing threshold,…
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