The construction of the New Cebu International Container Port (NCICP), a long-delayed multibillion-peso project, is set to begin by the end of 2024, according to Department of Transportation (DOTr) Undersecretary for Maritime Sector Elmer Francisco Sarmiento. The civil works contract…
Finance Secretary Ralph Recto has highlighted that Standard & Poor’s (S&P) recent decision to affirm the Philippines’ BBB+ credit rating and upgrade its outlook to “positive” is a strong endorsement of the government’s economic and fiscal policies. “It reaffirms our…
The Philippines, along with other countries in the East Asia and Pacific region, is set to experience rapid economic growth, projected at 4.8% in 2024. However, as the nation advances, the shift toward automation, artificial intelligence (AI), and digital platforms…
Booksale Philippines is entering a “new chapter,” with some of its branches closing, but CEO Josh Sison assures Filipino bookworms of “exciting plans” ahead. In a statement on Facebook on Tuesday, Sison thanked loyal customers for their support over the…
A Filipino trader has made a remarkable recovery after losing over P500,000 in a cryptocurrency scam, known as a rug pull, by turning a setback into a profitable opportunity through the memecoin Seal Dog on the Sui Network. In October,…
Gold prices have been rising globally this year, with China’s gold market leading the charge in October, according to a recent report from the World Gold Council. The London Bullion Market Association (LBMA) gold price (in U.S. dollars) in the…
Jollibee Foods Corporation (JFC) announced it will acquire full ownership of the Tim Ho Wan brand, renowned for its Michelin-starred Cantonese cuisine. In a disclosure to the stock exchange, JFC said its subsidiary, Jollibee Worldwide Pte., which currently holds a…
The Philippine government is actively courting British investors, urging them to take advantage of opportunities in the country’s growing economy. Finance Secretary Ralph Recto emphasized the Philippines’ potential for high returns during the Philippine Economic Briefing in London on October…
The Philippine Amusement and Gaming Corporation (PAGCOR) reported a revenue of P79.43 billion for the first nine months of the year, marking a 42 percent increase from P55.95 billion in the same period last year. PAGCOR chairman and CEO Alejandro…
