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SINGAPORE, Singapore — Singapore's economy grew slower than expected in the first quarter, early data showed Friday, as a struggling manufacturing sector weighed on tourism spending from events including Taylor Swift's concerts.
NET foreign direct investments (FDI) surged in January, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday, growing by 89.9 percent to $907 million from $478 million a year earlier.
MANILA, Philippines — The Commission on Elections (Comelec) might not be able to hold automated elections in May 2025 if the court stops the use of vote counting machines to be manufactured by the joint venture led by Korean firm Miru Systems Inc.
MANILA, Philippines — Mount Faber Leisure Group recently celebrated a milestone with another milestone. When it marked the Singapore Cable Car’s 50th anniversary last March, it launched the new, futuristic SkyOrb Cabins on the Singapore Cable Car-Mount Faber line.
POLANGUI, Albay — The Department of Agrarian Reform (DAR), in partnership with the Department of Science and Technology (DOST), conducted a training for the farmer-members of the Gamot Luya Dalogo Farmers Association (GALUDA FA) on packaging, labeling, and good manufacturing practices to make their products more competitive in commercial markets.
MANILA, Philippines — The customization of vote counting machines for the May 2025 midterm elections will start on April 18, the Commission on Elections (Comelec) said yesterday.
MANILA, Philippines — Agriculture Secretary Francisco Tiu Laurel Jr. yesterday denied manufacturers’ claims that the suspension of the importation of round scad or galunggong will result in a shortage of sardines and mackerel.
Following great annual earnings reports by both Philippine Airlines [PAL 5.70, up 2.1%; 137% avgVol] and Cebu Pacific [CEB 31.65 unch; 388% avgVol], both domestic airlines have pledged to spend a great deal of money to expand networks, buy new planes, and service existing planes. CEB [link] said that it will spend around P50 billion in what it called “mostly aircraft-related capex” which will include the purchase of 16 new planes, to be funded through internally generated funds. CEB expects to grow its capacity by 5% to 8% this year. PAL [link] said that it will spend approximately P25 billion for aircraft and other capex needs, with 80% of that amount going to the refurbishment of its existing A321ceo planes. PAL said that it doesn’t expect to receive any new planes until 2025 (A350-1000s) and 2026 (Airbus 321-231 neos).