PH Business News & Market Updates

The economy lost more steam in the third quarter, as agriculture dragged growth.

The Bangko Sentral ng Pilipinas’ recent 50-basis-point interest rate hike to 5.50% could further push homeownership out of reach for Filipino families, especially as credit terms tighten amid growing risks of stagflation in the country, a lawmaker warned.

Motorists face sharply lower pump prices Tuesday.

GCash is waiving transaction fees for Overseas Filipinos in Saudi Arabia from November 1 to 30

D&L Industries Inc., the country’s largest producer of oleochemicals and specialty plastics and food products, is seeing brighter prospects next year after the results of the recent US midterm elections.

Property giant Ayala Land Inc. (ALI) is preparing to ramp up asset infusions into its the real estate investment trust (REIT) starting next year.

Philippine banks may see slower loan growth as weak economic activity dampens borrowing demand and elevated interest rates put pressure on some borrowers, according to the Bankers Association of the Philippines.

The Energy Regulatory Commission (ERC) is moving to impose a secondary price cap (SPC) in the Reserve Market to protect consumers from prolonged spikes in backup power costs.

Narrow trading is expected this week as investors are likely to stay cautious while waiting for fresh leads and positive catalysts.

The country’s telco providers have piled up almost P18 billion in foreign exchange losses due to the peso’s weakness, adding pressure to efforts to make connectivity affordable.

The country’s dollar reserves fell further to $97.4 billion in October, weighed down by foreign exchange operations, declining gold prices and government withdrawals amid continued pressure on the peso.

The Philippine Economic Zone Authority (PEZA) has teamed up with the Information Technology and Business Process Association of the Philippines (IBPAP) to strengthen efforts to attract investments in the information technology and business process management (IT-BPM) sector.

Maynilad Water Services Inc. is looking to deepen its partnership with Korea Water Resources Corp. (K-Water) on future water service projects in the country.

Pascual Laboratories Inc. is marking its 80th anniversary by partnering with Caritas Manila to extend health and wellness assistance to more Filipinos in need.

More Filipino travelers are now looking beyond familiar holiday destinations, supported by competitive fares and convenient connections, according to budget carrier AirAsia Philippines.

The Philippine government is pursuing a $12-million (P724 million) grant from South Korea to strengthen health care services for about 28 million underserved Filipinos in communities near the Luzon Economic Corridor.

Just recently, the Land Transportation Franchising and Regulatory Board ordered ride-hailing app Move It PH to pay a staggering P555.75-million fine for onboarding motorcycle riders beyond the government-authorized cap.

Paseo Outlets in Greenfield City, Santa Rosa, Laguna will offer discounts of up to 80 percent during its three-day Black Friday Sale from Nov. 27 to 29, as the retail complex seeks to attract holiday shoppers ahead of the Christmas rush.

The Philippine Ports Authority booked a profit of close to P11 billion as of September, putting it on track to remit another record dividend to the government to boost public funds.

The deficit in the country’s agricultural trade widened by almost 25 percent in September amid the double-digit decline in farm exports, according to the Philippine Statistics Authority.

A pilot speaks into the intercom during the flight, saying, “I have some good news and some bad news.

The Department of Agriculture has forged a partnership with the Korea International Cooperation Agency to help modernize the state of agriculture in the country.

The Department of Agriculture and the United Nations Food and Agriculture Organization will convene a summit this month seeking to provide wider access to affordable farm technologies, financing and services to farmers in Asia-Pacific.

Filipinos in Mindanao are showing the strongest appetite for credit among the country’s three major island groups, with more than half planning to borrow or use credit for purchases in the coming months, according to TransUnion.

The answer from experts is clear: No. But with forecasts pointing to a potentially strong El Niño that could persist into 2027, the time to prepare is now.