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MANILA, Philippines — The Department of Finance will work with the International Monetary Fund to enhance its macroeconomic forecasting model and improve fiscal planning projections. In a technical assistance report, the IMF said the DOF agreed to integrate the Comprehensive Adaptive Expectations Model (CAEM) into its existing forecasting tools for revenue predictions. READ: Amro cuts

MANILA, Philippines —  The Securities and Exchange Commission (SEC) has ordered AIQuest Trading and its operator to stop soliciting public investments immediately, escalating its action over an alleged unregistered securities offering. The SEC’s Enforcement and Investor Protection Department (EIPD) issued a cease and desist order (CDO) against AIQuest Trading, Erica Aguilar, and their agents after

The Department of Energy said authorities are working to issue safety regulations on the transportation of electric vehicles (EVs) following the deadly fire aboard the MV June Aster.

Chinese customers’ growing desire for personal expression and cultural experiences has raised the game in the country’s hospitality sector, creating opportunities for leading lifestyle hotel brands, according to a director at Hong Kong developer Hang Lung Properties. “An ideal hotel is the one that can redefine hospitality with personal touches,” said Herman Chui, the company’s senior director of office, hotel and residence, during a media briefing on Wednesday. “Guests can select a teapot to...

Another big-time oil price hike is foreseen in the following week due to the Middle East fuel crisis, with diesel prices possibly surging by P11 per liter and gas prices increasing by as high as P5 per liter.

Thailand’s energy outlook is coming under renewed pressure as liquefied natural gas prices surge amid disruptions to Middle Eastern supply routes. PTTEP warned that every US$3 per million British thermal units increase in LNG prices could raise Thai electricity prices by about 5%, highlighting the country’s exposure to the global gas market. LNG currently supplies […]

A P74.4-million rice processing facility in Cabanatuan, Nueva Ecija was inaugurated on Thursday to modernize post-harvest operations in the country"s main rice-producing province.

The high initial costs for new technologies for clean energy are temporary, the Department of Energy (DOE) said Thursday that amid skepticism about switching to renewable energy sources.

MANILA, Philippines — The Department of Energy (DOE) has terminated its planned coal mine auction set for this year, including the highly coveted Semirara Island, as it seeks to overhaul awarding rules and ensure greater economic gains for the government. In an advisory dated September 15, the agency scrapped the 2026 coal bid round covering

Hong Kong’s property market dodged an immediate hit from the Federal Reserve’s rate hike on Thursday as major local banks kept their prime rates unchanged, but another increase could puncture the market’s relatively fragile recovery, according to industry insiders. The Fed raised its benchmark rate by a quarter point at its latest meeting on Wednesday in the US, but HSBC and other major Hong Kong banks left their prime rates unchanged. The decision should have no immediate impact on the local...

The Philippine peso appreciated against its US counterpart for the third straight trading day following the Federal Reserve"s first rate hike in three years.

The Department of Energy (DOE) said on Thursday that it is considering a larger area in Zamboanga to set up a storage facility that can handle 50 million barrels of oil.