The Chamber of Automotive Manufacturers of the Philippines Inc. expects automotive sales to grow by 9% to 468,000 units this year from the 429,807 units sold in 2023. TOP GEAR PHILIPPINES PHOTO

PH automotive sales rise to 40,271 units in May

PHILIPPINE automotive sales picked up in May on the back of improvements in supply and higher consumer demand during the month, data released by local...
Philippine imports fell 20 percent to $9.31 billion in March 2024. PHOTO COURTESY OF ABS-CBN NEWS

April trade deficit widens to $4.76 billion — PSA

THE country’s trade-in-goods deficit in April widened to its highest in five months as exports and imports bounced back from a month of contraction. Preliminary data...
Photo courtesy of the Senate of the Philippines

PCSO SLAMS GRAFT YARN; SAYS OP GREENLIGHTED RULES ON E-LOTTO

THE PHILIPPINE Charity Sweepstakes Office (PCSO) on Tuesday described as dubious and highly questionable the graft and plunder complaint filed before the Ombudsman by...
The Department of Trade and Industry seized over P2.4 million worth of non-compliant steel products following several enforcement operations in the first trimester of 2024. DTI PHOTO

Over P40M worth of substandard goods seized as of May

THE Department of Trade and Industry (DIT) has seized more than P40 million worth of substandard consumer products from January to May this year,...
A gasoline station’s underground tank is refilled with gasoline from a fuel tanker, at the corner of Blumentritt Street and España Boulevard in Metro Manila. DANNY PATA/FILE PHOTO

Major pump price rollback set today

MOTORISTS will be greeted with lower pump prices this week, as firms are rolling back prices of petroleum products today, with those of diesel...
The Philippines' economic performance this year, driven by the improvements in domestic economy, employment and prices. ABS-CBN NEWS PHOTO

FDI net inflows hit five-month low in March

FOREIGN direct investments (FDI) into the Philippines fell to a five-month low in March this year after posting a 15-month high in February, data...
Fitch Ratings expected the Philippine economy to grow by 5.8 percent in 2024. PHOTO COURTESY OF ABS-CBN NEWS

Fitch keeps ‘BBB’ rating, stable outlook for PH

FITCH Ratings has affirmed the Philippines’ “BBB” investment-grade credit rating and kept its stable outlook. The credit ratings agency said this reflects the country's strong...
Finance Secretary Ralph G. Recto (left) and Ambassador of the French Republic to the Philippines Marie Fontanel sign a government-to-government agreement on financial and development cooperation at the Department of Finance office in Manila on June 7, 2024. The agreement aims to deliver pioneering projects that help reduce poverty and pave the way to inclusive growth for all Filipinos. DEPARTMENT OF FINANCE PHOTO

PH, France sign accord on financial, dev’t cooperation

THE Philippines and France have signed a government-to-government agreement on financial and development cooperation. The Department of Finance (DOF) yesterday said the agreement on Financial...
PAGCOR Chairman and CEO Alejandro H. Tengco receives the “Executive of the Year” award during the Global Gaming Awards Asia-Pacific 2024 at the Conrad Hotel in Pasay City on Tuesday, June 4.

PAGCOR CHIEF NAMED ‘EXECUTIVE OF THE YEAR’ AT GLOBAL GAMING AWARDS

Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco was voted “Executive of the Year” in the prestigious Global Gaming Awards...

LAPID PUSHES AGRI-TOURISM GROWTH

Senator Lito Lapid is pushing for the development of agritourism in the country. Recognizing the country’s vast agricultural land coupled with hospitable Filipinos, Lapid said...