A gas station attendant fills the tank of a car. PNA PHOTO

Oil prices hit fresh five-month high

OIL prices scored fresh five-month peaks on Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain...
Shipping containers of Philippine products for export sit stacked along the docks of the international container port in Manila. PHOTO: JAY DIRECTO/AFP/GETTYIMAGES

20% drop in furniture, handicraft exports seen in 2024

A LOCAL trade association of exporters is expecting exports revenues from consumer durables such as furniture and handicraft to end up lower by $100...
National Economic Development Authority secretary Arsenio Balisacan says the P15.18-trillion Philippine debt is still under control. NEDA PHOTO

PH debt balloons to new record high of P15.18T in Feb.

THE Philippines' sovereign debt continued to accumulate with the total outstanding balance reaching a new record high as of end-February this year, as the...
The Department of Agriculture expects local rice production to reach as much as 4.78 million metric tons this year. PHOTO COURTESY OF ABS-CBN NEWS

Agri chief sees no price cut on rice until June or July

AGRICULTURE chief Francisco Tiu Laurel yesterday said he does not expect local prices of rice to go down until June or July due to...

Senate Health Committee tackles pertussis outbreak concern as Chair Bong Go urges DOH to...

During a public hearing on Tuesday, April 2, conducted by the Senate Committee on Health joint with the Committee on Finance, Senator Christopher "Bong"...
The Bureau of the Treasury says spending grew faster than revenues in February this year. JONATHAN CELLONA/ABS-CBN NEWS PHOTO

Budget deficit climbs in February as spending grows faster than revenues

THE Philippines booked a budget deficit of P164.7 billion in February this year, higher than the P106.4 billion noted in the same period last...
Motorists and vehicles travel along a road amid traffic jam in Manila on November 24, 2023. PHOTO BY TED ALJIBE / AFP

PH car production up by 20% in Feb.

VEHICLE production in the Philippines grew by a fifth in February this year, outpacing most neighboring countries in Southeast Asia, as local assemblers scrambled...
Former senator Manny Villar placed first in the Philippines and 190th globally in Forbes' World Billionaires List for 2024. MANNY VILLAR/FACEBOOK PHOTO

Former senator Villar remains richest in PH – Forbes

FORMER senator Manny Villar remains the richest in the Philippines with a net worth of $11 billion, according to Forbes magazine. The 74-year-old former legislator...
Passengers line up at the check-in counters of the Clark International Airport new terminal building. The airport hit nearly 2 million passengers in 2023. BCDA PHOTO

Clark airport cuts passenger target for 2024

CLARK International Airport has lowered its passenger projection for 2024 from the initial 3.3 million target to just 2.4 million. This is despite the rising...
Agriculture Secretary Francisco Tiu Laurel Jr. says diverting imported fish to wet markets has been going on for a decade, even if it is illegal. DEPARTMENT OF AGRICULTURE PHOTO

DA intensifies crackdown vs importers diverting ‘galunggong’ to wet markets

AGRICULTURE Secretary Francisco Tiu Laurel Jr. said he plans to crack down on traders diverting imported fish meant to wet markets. Laurel told reporters yesterday...