BW FILE PHOTOTHE PESO rebounded against the dollar on Wednesday following dovish comments from US Federal Reserve Chair Jerome H. Powell.The local unit closed at P58.725 per dollar on Wednesday, strengthening by seven centavos from its P58.795 finish on Tuesday, Bankers Association of the Philippines

PHILIPPINE SHARES surged on Wednesday as dovish comments from the US Federal Reserve chief boosted sentiment.The Philippine Stock Exchange index (PSEi) rose by 1.43% or 91.07 points to end at 6,450.03 on Wednesday, while the broader all shares index climbed by 0.93% or 32.46 points

REUTERSTHE Department of Agriculture (DA) said it expects a swine repopulation program to raise output by about 60,000 metric tons (MT) this year, potentially reducing demand for pork imports by about 10%. In Memorandum Circular No. 28, the DA said it will push for the

PHOTO BY BERNARD HERMANTTHE Department of Trade and Industry (DTI) said on Wednesday that it will reduce the number of items on the suggested retail price (SRP) bulletin.In a statement, the DTI said that the proposal was presented to a special meeting of the National

PHILIPPINE STAR/EDD GUMBANTHE Department of Trade and Industry (DTI) said on Wednesday that 68% of the school supplies covered by its buyers’ guide were unchanged in price.The DTI is set to release the “Gabay sa Pamimili ng School Supplies” (guidance on purchasing school supplies), which

BW FILE PHOTOELECTRICITY spot prices declined in June due to the decreased demand, the Independent Electricity Market Operator of the Philippines (IEMOP) said.The IEMOP reported that the average power price at the Wholesale Electricity Spot Market (WESM) system-wide fell 25.2% to P6.15 per kilowatt-hour (kWh)

Image via Ivan Radic/CC BY 2.0THE Bases Conversion and Development Authority (BCDA) said it signed a deal with Double 11 Properties Corp. to establish a service station capable of recharging electric vehicles (EVs) on a one-hectare site in New Clark City.“This partnership signals another milestone

Tella Co-Founder and Chief Executive Officer Yuha Jin — UNDPSOUTH KOREA’s Tella, an English-language education technology company, said it is looking to set up a remote-work agency for workers in the Philippines.“Although we’ve had made some success in the mission and the business side, we’re

REUTERSSMALL- and medium-sized enterprises (SMEs) are beginning to embrace the strategy of diversifying their global vendor networks, US financial services company Payoneer Global, Inc. said.In a study, Payoneer said 63% of 252 surveyed Philippine respondents consider it important to diversify their supply chains to mitigate

After the public health emergency was lifted in May 2023, the ensuing digital transformation pushed many companies and professionals to seek out more opportunities for digitalization and innovation.Companies have been investing more and more in digital technologies to operate more efficiently while professionals are placing

Source: PALAFOXby Patricia B. Mirasol, ProducerA renowned urban planner said that improved infrastructure, good governance and transparency are key to achieving a first-world Philippines. “We may have the best plans in the world, but if we don’t have good institutions to implement them, we’ll never make