The country could expect to see economic gains from the Maharlika Investment Fund (MIF) by the time President Marcos steps down in 2028, the chief of the Development Bank of the Philippines (DBP) said on Saturday. Officials…
MANILA -Headline inflation revved up to 5.3 percent in August, after waning throughout the previous six months, bringing the average since January to 6.6 percent, according to the Philippine Statistics Authority. The result for August is closer…
MANILA -Inflation in the Philippines eased for the fifth consecutive month in June to 5.4 percent, the lowest in 13 months, according to the Philippine Statistics Authority. This brought the average inflation rate in the first semester…
Bank note collectors and researchers around the world picked the Philippines’ polymer P1,000 bill as its “Bank Note of the Year 2022” in appreciation of its “eye-pleasing” design as well as its underlying promotion of ecological conservation.…
Pump prices jumped the highest in more than two months, P1.10 per liter of diesel and 85 centavos per liter of gasoline, as oil inventories in the world’s two largest economies—the United States and China—declined last week.…
Worldwide oil demand is expected to contract this year for the first time since 2009, a time of a global financial crisis, as the coronavirus (COVID-19) pandemic continues to take a toll on China while worsening elsewhere.…
President Duterte will leave to his successor “an impressive P1.4 trillion worth of projects ready to be implemented” compared to just P50 billion at the end of Benigno Aquino III’s term, according to Finance Secretary Carlos Dominguez…
The world’s first small modular nuclear reactors (SMRs) have started delivering electricity to a coastal town in Russia, firming up their potential for use in small power grids in geographically fragmented markets such as the Philippines. According…
African swine fever has spread to Metro Manila from adjoining Rizal and Bulacan, provinces that the government earlier acknowledged as among the areas hit by the disease that is fatal to hogs but harmless to humans.…
