Business
Peso Hits New Record Low at 62.40 vs Dollar
The Philippine peso fell to a new record low, ending at 62.40 versus the US dollar. It is below its prior low of…
Philippines Business Updates
Business
Weaker Peso Pushes Government Debt Higher
The Philippine government’s debt is expected to go beyond P21 trillion in 2027. This is mainly because the peso has become weaker, according…
Business
IN PHOTOS: Cebu Conference Tests Bitcoin Cash as Everyday Money
Developers, entrepreneurs, students and merchants gathered July 31 to Aug. 2 at the Cash 3.0 Conference in Cebu City to demonstrate practical applications…
Business
Groups Seek Stronger, More Urgent Measures To Protect Oil And Electricity Consumers As Energy Crisis Goes From Bad To Worse – From Price Control To Emergency Solar Deployments
Multisectoral groups on Wednesday urged the national government to fast-track and prioritize measures to shield ordinary Filipinos from the brunt of soaring fuel…
Business
Paytaca partners with Cebu’s biggest night club, Apex Super Club
Cebu City, Philippines–Paytaca, the Philippines’ first Bitcoin Cash (BCH) wallet and payment solution, has partnered with Apex Super Club to introduce a groundbreaking…
Business
Experts Criticize P29/kilo Rice Plan as Unsustainable
MANILA, Philippines — In Kadiwa stores, the Department of Agriculture (DA) is selling rice for P29 per kilogram, but the Philippine Chamber of Agriculture…
Business
San Miguel and Citicore Announce Joint 153-MW Solar Plant in Bataan
MANILA, Philippines — San Miguel Global Light and Power Corp. (SMGLP) and Citicore Renewable Energy Corp. (CREC) are collaborating to build a sizable solar…
Business
Peso Strengthens, Stock Market Reaches Lowest Point of the Year
Due to investor fears regarding the future course of interest rates, the stock market closed at its lowest point of the year on…
Business
Talc Lawsuits Settled: J&J to Pay $700 Million
NEW YORK – The well-known American pharmaceutical and cosmetics company Johnson & Johnson has consented to pay $700 million to resolve claims that…
Business
Low-Cost Internet: Globe’s New Growth Strategy
Telecommunications giant Globe Telecom Inc. is shifting its focus to the low-cost segment to grow its customer base as the broadband market in…