Philippine cuisine is gaining unprecedented international attention, but chef Bruce Lim believes the country’s culinary industry is being held back by a far less glamorous reality: rising food costs that are forcing restaurants to prioritize survival over innovation. Interviewed on…
It’s a challenging time to be in the food business. With the peso hovering close to the ₱62-to-a-dollar mark, imported ingredients continue to become more expensive, putting added pressure on restaurants, bakeries, cafés, and hotels that rely on products sourced…
President Ferdinand Marcos Jr. returned to Congress on Monday, July 27, with a message that looked beyond the crises his administration has confronted over the past year and toward what he described as the country’s long-term security. In a State…
Grab Philippines fully funded a one-month demand-boost campaign for select homegrown food merchants, helping local restaurants drive transactions without absorbing the cost of consumer discounts as inflation continued to push up utility bills and ingredient prices. Rolled out from May…
April’s inflation rate of 7.2% is not just an unpleasant surprise; it is a reminder of how quickly macroeconomic stability can unravel when external shocks meet domestic vulnerabilities. For households, it shows up immediately in higher food and fuel costs.…
A new report by the World Bank warns that escalating geopolitical tensions and supply disruptions are driving a renewed surge in global commodity prices, raising risks to inflation and growth, particularly for import-dependent economies such as the Philippines. In its…
The relationship between gold and the U.S. dollar is supposed to be simple. When one rises, the other falls. A stronger dollar usually pushes gold lower; a weaker dollar tends to lift it. The logic is mechanical. Gold is priced…
The Philippine economy is expected to remain among Southeast Asia’s fastest-growing over the next two years, supported by resilient domestic demand, easing inflation, and sustained government investment, the Asian Development Bank (ADB) said in its latest report. Gross domestic product…
