PH stock market surges past 7,400 mark amid positive economic outlook

Meg Adonis 09/27/2024

The local stock market regained the 7,400 level on Thursday, boosted by positive expectations for the country’s economic growth. By the end of the day, the Philippine Stock Exchange Index (PSEi) rose 1.31%, or 96.12 points, to…

Cebu partners with Singapore for sustainable projects

Morexette Marie B. Erram 09/26/2024

CEBU CITY, Philippines – The Cebu Provincial government has partnered with Singapore for the implementation of sustainable infrastructure projects that might boost the province’s economy further. A ceremonial signing of memorandum of understanding (MOU) took place at…

Asia-Pacific’s aviation experts expected in Cebu for dialogue

Morexette Marie B. Erram 09/24/2024

CEBU CITY, Philippines – Around 500 leaders from the aviation industry in the Asia-Pacific region will be in Cebu next month for a five-day dialogue. The Capitol confirmed that Cebu, Philippines has been selected to host the…

Bankers maintain confidence in PH’s economic growth story

Morexette Marie B. Erram 09/23/2024

CEBU CITY, Philippines – Bankers here remain optimistic about the Philippines’ economic growth, noting that the global market should pay attention to the country’s potential. Recently, top executives of the Hong Kong Shanghai Banking Corp. (HSBC) in…

Fuel prices expected to rise up to P1 per liter this week

09/23/2024

Industry sources indicate that petroleum product prices could rise by up to P1 per liter next week. Unioil forecasts that gasoline prices may increase by 80 centavos to P1 per liter. Diesel may also inch up by…

Five major Japanese firms eye new investments in the PH

Alden M. Monzon - @inquirerdotnet 09/20/2024

Five Japanese companies are interested in investing in the Philippines, according to acting Trade Secretary Cristina Roque. These companies include the Japan Institute of Design and Promotion, electronics manufacturer MinebeaMitsumi, merchandising firm Aeon Co. Ltd., and trading…

Cheaper plane fares expected in October amid lower fuel surcharge

Tyrone Jasper C. Piad - @inquirerdotnet 09/19/2024

Plane fares are expected to decrease further next month due to the reduction of the fuel surcharge to a year-low level. This change is expected to encourage more travel during the upcoming holiday season. The Civil Aeronautics…

Tupperware Brands files for bankruptcy

Agence France Presse 09/19/2024

Washington, United States — Tupperware Brands Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, the food container firm said in a statement. The company, known for its trademark food storage containers,…

Aviation sector soars as PH carriers see strong recovery amidst challenges

Tyrone Jasper C. Piad - @inquirerdotnet 09/15/2024

The aviation industry is rebounding after the pandemic lockdown, but challenges in the supply chain and reduced air travel demand to and from China are affecting its growth. Philippine Airlines (PAL), Cebu Pacific, and AirAsia Philippines are…

World Bank sees PH economy growing 6% this year

Ian Nicolas P. Cigaral - @inquirerdotnet 09/13/2024

The World Bank (WB) warned that despite expected interest rate cuts, the Philippine economy may still miss the Marcos administration’s growth target next year due to a slowing global economy. WB lead economist for Brunei, Malaysia, the…

Central Visayas inflation in August 2024 decelerates to 3.4%

Niña Mae C. Oliverio 09/11/2024

CEBU CITY, Philippines — The inflation rate in Central Visayas for August this year has decelerated to 3.4 percent, which is 1.1 percent lower than last July’s record with 4.5 percent, data from PSA-7 showed. Engineer Felixberto…

DTI bans sale of 5 vape brands over alleged law violations

Alden M. Monzon - @inquirerdotnet 09/08/2024

MANILA, Philippines — The Department of Trade and Industry (DTI) announced on Saturday that it has removed five vape brands from stores due to alleged law violations. The brands under investigation are Shft, Dr. Freeze, Areogin, Don…

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