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MANILA — Philippine stocks stayed around the 6,800 level on Thursday due to investors grappling with more economic uncertainties, particularly the government’s rising debt. The Philippine Stock Exchange index or PSEi dropped by 0.54 percent, or 36.76…
Electricity prices are expected to rise during the summer months in the Philippines due to increased demand, according to the Independent Electricity Market Operator of the Philippines (Iemop). Assistant manager Chris Warren Manalo said that the average…
BEIJING (Reuters) – Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded…
MANILA, Philippines — Auto vehicle sales in the Philippines increased by nearly 20% in February, mainly due to higher purchases of commercial vehicles like trucks. A joint report by the Chamber of Automotive Manufacturers of the Philippines,…
Due to increased local production, the Philippines might buy less rice from abroad despite a slight rise in consumption caused by a weaker El Niño. According to a report by the US Department of Agriculture’s Foreign Agricultural…
Finance Secretary Ralph Recto announced that there won’t be any new taxes for the rest of the Marcos administration. He emphasized the government’s focus on reducing unnecessary spending and enhancing revenue collection efficiency to improve its financial…
MANILA, Philippines — The local creative economy surged ahead in 2023, surpassing national output growth to reach a total value of P1.72 trillion. This sector not only generated more jobs but also made a significant contribution to…
CEBU CITY, Philippines — Recently, the Philippine Statistics Authority (PSA) published the results of the 2022 Provincial Product Accounts (PPA). Cebu City, Lapu-Lapu City, and Mandaue City, are included in the top 10 list of the provinces…
Nike has increasingly leaned on its iconic basketball shoes to boost sales, but as the sportswear giant bleeds market share to newer brands, some analysts and investors are wondering if that is a mistake. Shares of the…
MANILA, Philippines — The Department of Foreign Affairs (DFA) on Thursday expressed its anticipation for continued coordination and dialogue towards a “comprehensive, balanced, and modern” Philippines-European Union Free Trade Agreement (PH-EU FTA). The agency welcomed the restart of…
CEBU CITY, Philippines – Cebu’s economy is expected to experience significant growth after a potential foreign business investor proposed a collaboration with the province. The South African Ambassador to the Philippines, H.E Bartinah Ntombizodwa Radebe-Netshitenzhe, revealed the…
Over the last decade, the use of artificial intelligence (AI) expanded steadily, though often unnoticed. Now, with generative AI tools becoming more accessible, people are becoming more aware of AI’s potential, and this trend is expected to…
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