MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to stay dovish for longer, with Nomura warning that a widening flood control corruption scandal could cast a shadow over the country’s growth prospects. In a note to clients, economists Euben Paracuelles and Nabila Amani of Nomura said the BSP would likely extend its […]... Keep on reading: BSP likely to stay dovish, says Nomura
MANILA, Philippines — American biotech startup Exin Therapeutics Inc. is investing some P1.45 billion in the development of the country’s first neurotherapeutics laboratory, thus boosting the fledgling local biotechnology sector. In a statement on Friday, the Board of Investments (BOI) said it had granted green lane certification to Exin Therapeutics, which will develop the two […]... Keep on reading: US-based biotech firm cues P1.45-B investment in the Philippines
MANILA, Philippines — The Marcos administration expressed confidence it could still meet the lower end of its 5.5- to 6.5-percent growth target for the year, even as it braces for a slowdown in the third quarter amid a widening corruption investigation and the aftermath of a series of destructive typhoons. That means no imminent revisions […]... Keep on reading: Balisacan: 2025 growth goal of 5.5-6.5% stays
MANILA, Philippines — For our country, we must not only do things right (eliminate corruption). We must also do the right thing (increase competence). We should do this as we formulate and implement our agriculture roadmaps. Agriculture Secretary Francisco Tiu Laurel Jr. has already shown unprecedented political will in combating corruption by conducting investigations on […]... Keep on reading: Agriculture roadmaps: formulation and implementation
MANILA, Philippines — Megawide Construction Corp. has acquired a minority stake in affiliate company Citicore Renewable Energy Corp. (CREC). This enables the engineering and infrastructure firm to beef up its balance sheet. In a statement on Friday, Megawide said this happened through a P4.9-billion deal with Citicore Power Inc. (CPI) via a block sale. The […]... Keep on reading: Megawide takes 10% stake in Citicore Renewable Energy
MANILA, Philippines — Paper company Steniel Manufacturing Corp. will raise up to P315.3 million via a follow-on offering in November to expand its warehouse in Davao del Norte. This is one of Steniel’s first major projects since resuming trading at the local bourse. Steniel on Friday disclosed that the Philippine Stock Exchange (PSE) had approved […]... Keep on reading: PSE approves Steniel's P315-M follow-on offer
MANILA, Philippines — The Philippine Competition Commission (PCC) cleared the acquisition of a majority stake in local cold storage firm CAMP Resources Property Holdings Inc. by Singapore-based Permafrost Investments GMF2 Pte. Ltd. The antitrust body said the transaction won’t hinder competition in the Philippine market. “The Commission found that the transaction is unlikely to substantially […]... Keep on reading: Competition watchdog clears Permafrost stake in CAMP
GAZA CITY, Palestinian Territories – Thousands of worshippers returned on Friday to the Gaza Strip’s few intact and many damaged mosques, where for the first time in months loudspeakers blared the Islamic call to prayer. “God is the greatest, glory to God, Lord of worlds,” echoed through mosques at roughly the same time Friday, one week after a ceasefire took place in the devoutly Muslim coastal Palestinian territory. To be united for prayer again “is an indescribable feeling after two years of privation”, Ghalid al-Nimra told AFP at Gaza City’s Sayed Hachem mosque. Sayed Hachem, one of the oldest mosques […]... Keep on reading: Gazans return to damaged mosques for first post-truce Friday prayers
MANILA, Philippines — Packaging maker Tetra Pak is not closing its doors on expanding its services in the Philippines to include food containers, according to a company official. Larry Tobias Jr., business development director at Tetra Pak, on Friday told reporters the entry of the company’s packaging for solid food products was “a work in […]... Keep on reading: Tetra Pak might scale up in the Philippines, but not yet
MANILA, Philippines — The National Food Authority (NFA) on Friday unveiled a new bagging system to improve its efforts to maintain a buffer stock while reducing costs and improving the quality of palay. The grains agency is projecting to save as much as P3.9 million—or P1.1 million to P1.3 million per warehouse—from piloting the one-ton […]... Keep on reading: NFA touts reusable sacks for palay bought from farmers
NEW YORK — The U.S. stock market seems to be steadying on Friday, as banks recover some of their sharp losses from the day before. The S&P 500 slipped 0.2% in midday trading. The Dow Jones Industrial Average was up 23 points, or 0.1%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.5% lower. All three indexes drifted between gains and losses through the morning, but the moves weren’t as jarring as thebig hour to hour swings they had earlier in the week. Drops for Big Tech stocks weighed on the market, including a 0.5% dip for […]... Keep on reading: Wall Street steadies after its slide as banks recover some of their losses
As of 10 pm on Friday, October 17, Tropical Depression Ramil is located 445 kilometers east of Juban, Sorsogon
As of 10 pm on Friday, October 17, Tropical Depression Ramil is located 445 kilometers east of Juban, Sorsogon
As of 10 pm on Friday, October 17, Tropical Depression Ramil is located 445 kilometers east of Juban, Sorsogon
As of 10 pm on Friday, October 17, Tropical Depression Ramil is located 445 kilometers east of Juban, Sorsogon
Inquirer 
SunStar Philippines 
Rappler