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Paris, France — TikTok’s breakneck rise from niche video-sharing app to global social media behemoth has drawn intense scrutiny, particularly over its links to China. In Washington, the platform has been accused of espionage. The European Union…
Motorists will face higher fuel prices this Christmas week, with oil companies announcing increases of up to P1.45 per liter. In separate announcements on Monday, Petro Gazz, Shell Pilipinas, and CleanFuel said diesel prices would rise by…
MANILA – Philippine Economic Zone Authority (PEZA) Director General Tereso Panga wants to double the number of registered economic zones next year. In a year-end press briefing of the Department of Trade and Industry (DTI) over the weekend,…
CEBU CITY, Philippines — The inflation rate in Cebu Province for November 2024 remained steady at October’s rate of 2.8 percent, according to chief statistical specialist Melchor Bautista of the Philippine Statistics Authority (PSA-Cebu). Bautista reported on…
CEBU CITY, Philippines — Owing to its economic growth, Finnish firms are eyeing to invest in the Philippines, particularly in green energy, sustainability and mobility sectors. This was revealed by the newest Finnish Ambassador to the Philippines,…
CEBU CITY, Philippines — Central Visayas recorded a decrease in its inflation rate for November 2024, dropping to 2.3 percent from October’s 2.9 percent, according to the Philippine Statistics Authority (PSA-7). PSA-7 Chief Statistical Specialist Leopoldo P.…
[MANILA, PHILIPPINES | DECEMBER 11, 2024] — On January 1, 2025, Bernie Liu will officially step down as CEO of GOLDEN ABC (GABC) —popularly known as the Penshoppe Group— after serving in the role for nearly 30…
Fuel retailers will adjust prices again starting Tuesday, December 10. According to Seaoil and CleanFuel, only gasoline prices will rise by 40 centavos per liter this week. The prices of diesel and kerosene, meanwhile, would be reduced…
Local rice stocks increased by 24.4 percent to 2.46 million metric tons (MT) as of November 1, compared to 1.98 million MT a year earlier, according to the Philippine Statistics Authority (PSA). This growth is driven by…
HONG KONG, China – Bitcoin burst past $100,000 for the first time Thursday as traders welcomed Donald Trump’s pick to head the US Securities Commission, while Seoul stocks slipped as South Korea’s president faced impeachment after his…
MANILA, Philippines — Political instability from the ongoing feud between President Marcos and Vice President Sara Duterte could pose a major economic risk, especially if it results in poor outcomes in the 2025 midterm elections and disrupts…
CEBU CITY, Philippines – The price of rice in Cebu has seen a modest increase of around P50 per sack over the past 10 days, according to Erwin Goc-ong, president of the Cebu Market Vendors Cooperative (Cemvedco).…
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