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Top Business News

Economists have upgraded the projected economic growth this year after a stronger-than-expected expansion in the third quarter.

The Philippine manufacturing sector continued to grow in the third quarter, expanding by 9.4 percent and inching closer to its gross domestic product contribution target.

Energy Secretary Alfonso Cusi has assembled a task force to investigate the successive oil price hikes implemented by petroleum companies in the past five weeks.


Sari-sari store and carinderia owners are up in arms over Congress’ plan to impose an excise tax on sugar sweetened beverages or SSBs.

To be blunt, I don’t care about what other countries in the ASEAN are doing. What I care about is what we do in our own country.

Whether you like it or not, you and I are bombarded by ideas all over the place. As my favorite philosopher Dallas Willard would say “Our mind picks up ideas like a coat picks up flints but we need to process it under the microscope of truth and righteousness.” And I highly agree.

Latest Business News

Power Sector Assets and Liabilities Management Corp. (PSALM) is targeting to rehabilitate the aging 982-megawatt Agus-Pulangi hydroelectric power plants (HEPP) next year to coincide with the oversupply scenario in Mindanao.

The Department of Energy (DOE) will allow private sector to submit unsolicited proposals to develop coal and petroleum contracts, which will then be subjected to a Swiss challenge, effectively replacing the agency’s Philippine Energy Contracting Round (PECR).

The Philippines is enhancing the ease of doing business through the streamlining of processes and strengthening of the integrity of public institutions, Socioeconomic Planning Secretary Ernesto Pernia told the business community in Singapore during the recent Philippine Economic Briefing.

Listed technology company Xurpas Inc. is laying the groundwork to become a successful platform company in the likes of Facebook, Airbnb and Uber.

Ride-sharing company Grab, or MyTaxi.PH, will only accept the applications of accredited drivers of suspended rival Uber Systems Inc. until Monday, August 21.

The Philippines posted its widest balance of payments (BOP) deficit in eight months last July driven by large imports which the Bangko Sentral ng Pilipinas (BSP) maintained is no cause for worry despite a continously weakening peso.

The Philippines continues to counter the recent backlash on the coconut oil industry, deeming it unhealthy and unfit for the heart, as it launches a campaign that will clean up the sector’s name in major markets.

PhilWeb Corp., the listed gaming company now owned by businessman Gregorio “Greggy” Araneta III, would soon be able to operate again after receiving the green light from the Philippine Amusement and Gaming Corp. (Pagcor) to become a service provider.

Economic growth is likely to fall below the Duterte administration’s target over the next two years, albeit still at a “respectable” level, with investors expected to step back and unable to match the government’s pump priming plan.

Australian investors are expected to ramp up their investments in the Philippines starting next year.


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