OFW remittances hit $3.34 billion in September

Alden Monzon - @inquirerdotnet 11/16/2024

Overseas Filipinos’ remittances grew by 3.2 percent in September, matching August’s growth and marking the second-fastest rate this year. According to the Bangko Sentral ng Pilipinas (BSP), remittances reached $3.34 billion, up from $3.23 billion in September…

PH investments surge over 500% in Q3, driven by local investors

Alden Monzon - @inquirerdotnet 11/15/2024

Philippine government-approved investments surged over sixfold in the third quarter of this year, with nearly 75 percent coming from local investors. According to the Philippine Statistics Authority (PSA), total approved investments from foreign and Filipino sources reached…

Trump’s plans likely won’t lower grocery bills – experts

Associated Press 11/15/2024

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. Trump often railed on the campaign trail against hefty price increases for bacon, cereal, crackers…

Aboitiz InfraCapital gets 5-star BERDE District certification

Niña Mae C. Oliverio 11/14/2024

CEBU CITY, Philippines — The Aboitiz InfraCapital (AIC) Economic Estates is empowered to do more as they reinforced their commitment to sustainable development and excellence after receiving a 5-star BERDE District Certification across all of their operating…

Survey: Filipino firms invest in AI, yet many struggle to harness its power

Tyrone Jasper C. Piad - @inquirerdotnet 11/14/2024

Most Filipino companies are investing in artificial intelligence (AI), but only a few are prepared to fully use its potential, according to a survey by global tech firm Cisco. Cisco revealed on Wednesday that 65% of local…

Inflation rate in C. Visayas for October 2024 rises to 2.9% — PSA

Niña Mae C. Oliverio 11/13/2024

CEBU CITY, Philippines — After observing a drop in the inflation rate last September, Central Visayas saw an increase of up to 0.8 percent in October this year. According to the Philippine Statistics Authority in Central Visayas…

Hungarian investors eye Cebu’s agriculture, health sector

Morexette Marie B. Erram 11/13/2024

CEBU CITY, Philippines — To bolster diplomatic and economic ties, the Hungarian government has invited Cebu’s business community to join the Hungary Business Council which will take place in Metro Manila this December. A delegation from the…

PH poised to hit record 5 million MT in 2025 rice imports

Jordeene B. Lagare - @inquirerdotnet 11/11/2024

The Philippines is expected to set a new record for rice imports this year and next, driven by growing demand from its increasing population. The US Department of Agriculture’s Foreign Agricultural Service (USDA-FAS) projects the country’s rice…

Trump’s return seen to hit Philippine remittances

Ian Nicolas P. Cigaral - @inquirerdotnet 11/11/2024

Remittances to the Philippines and income from the business process outsourcing (BPO) sector may be affected by U.S. President-elect Donald Trump’s strict immigration policies. Meanwhile, reduced security support from Washington could heighten tensions in the West Philippine…

Fuel prices to surge up to P1.90 per liter next week

Lisbet Esmael - @inquirerdotnet 11/10/2024

MANILA, Philippines — Oil companies are expected to raise petroleum prices by up to P1.90 per liter next week. According to Rodela Romero, director of the Department of Energy’s Oil Industry Management Bureau, diesel prices may see…

October inflation rises to 2.3% on higher food prices

Mariedel Irish U. Catilogo 11/06/2024

Philippine inflation rose to 2.3 percent in October, driven by higher food and nonalcoholic beverage prices and a slower decrease in rice prices, according to the Philippine Statistics Authority (PSA). Preliminary PSA data showed inflation, measured by…

Singaporean telco eyes majority stake in DITO CME with P17.1-B share acquisition

Tyrone Jasper C. Piad - @inquirerdotnet 11/05/2024

Singaporean firm Summit Telco Corporation Pte. Ltd. has struck a deal to acquire an additional 9 billion shares—currently valued at P17.1 billion—in DITO CME Holdings Corp., the operator of DITO Telecommunity (DITO Tel). Once finalized, Summit will…

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