GMA News Online · Business

What about cable cars for high-value crops from mountains? Suggestion made in budget hearing

The chairman of the House Committee on Agriculture and Food suggested using cable cars to transport high-value crops from mountain areas as a cheaper, easier way to move goods compared to farm-to-market roads.

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GMA News Online · Business

LPG prices to rise by P18/kg in October

The price of liquefied petroleum gas (LPG) is expected to rise by P18/kg in October due to the ongoing Middle East conflict.

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The Manila Times · Business

300,000 farmers, fisherfolk, truckers to get P3B fuel subsidy from UPLIFT

Some 300,000 farmers, fisherfolk, and drivers hauling agricultural produce will get P3 billion in fuel subsidy starting this month as part of a package of assistance directed by President Ferdinand R. Marcos Jr. to help…

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GMA News Online · Business

PH, Singapore conclude talks on updating 5-decade-old pact vs. double taxation

The Philippines and Singapore have concluded the negotiations for updating a pact entered into by the two neighboring countries nearly five decades ago to prevent double taxation.

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GMA News Online · Business

GCash-Mynt's P6.60 IPO price brings investment closer to more Filipinos --solon

A member of the House panel on banks and financial intermediaries said Friday that the P6.60 final pricing of the initial public offering of Mynt Inc., the parent company of mobile wallet GCash, could bring ownership of…

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Philstar · Business

GCash brings stock market education within reach through GStocks PH ‘Part-Owner Era’ hubs

GCash opens interactive learning spaces in One Ayala in Makati and Bonifacio High Street in Taguig to demystify stock market investing.

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GMA News Online · Business

SSS LoanLite offers P1K to P20K loans for qualified members' immediate needs

The Social Security System (SSS) on Friday called on its members to avail of the pension fund"s new digital microloan facility, the SSS Micro Loan Program, also known as SSS LoanLite.

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Rappler · Business

[In This Economy] The nothing burger that is the Maharlika Investment Fund

While Maharlika is earning money, its reliance on short-term placements and investments in established businesses leaves the promised additional development benefits unclear

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Rappler · Business

Cesar Virata, Marcos-era prime minister and finance chief, dies at 95

The dictator’s longtime finance chief and one of his top technocrats, Cesar Virata had deep ties to the Ferdinand E. Marcos regime even as he sometimes pushed back against Imelda Marcos and powerful cronies over project…

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Philstar · Business

Diesel prices may drop by P1/L next week, gasoline and kerosene seen up

A mixed price adjustment on local oil and fuel products is expected next week, the Department of Energy said.

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GMA News Online · Business

NTC: Due process observed in mobile internet service speed-tests sanctions

The National Telecommunications Commission (NTC) on Friday said its recent mobile broadband service speed tests which resulted in sanctions against Globe, PLDT-Smart, and DITO have undergone due process.

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The Manila Times · Business

Diesel prices to roll back, gasoline to increase next week

MANILA, Philippines — Diesel prices are initially estimated to go down while gasoline is expected to rise next week due to lack of supply caused by the conflict in the Middle East, local oil industry sources said on…

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GMA News Online · Business

GCash parent Mynt sets final IPO price at P6.60 per share

Mynt Inc., the parent company of mobile wallet GCash, announced Friday that it has set the final price for its initial public offering (IPO), which could amount to about P60 billion, in what could be the largest and…

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Philstar · Business

Filipinos get shot at digital economy ownership with GCash IPO, says solon

The P6.60 final pricing of the initial public offering (IPO) of Mynt Inc. could bring ownership of one of the Philippines’ largest digital platforms within reach of a broader base of Filipino investors, according to a…

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The Manila Times · Business

White-collar Boeing union okays contract, averting strike

NEW YORK — Engineers and technicians at Boeing voted in favor of the latest contract offer, the union announced Thursday, removing the risk of another bruising strike at the aviation giant. The Society of Professional…

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The Manila Times · Business

Mynt sets GCash IPO price at P6.60

MANILA, Philippines — Mynt Inc. on Friday set the final offer price for its initial public offering (IPO) at P6.60 per share, according to a disclosure to the Philippine Stock Exchange. The final price covers the public…

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Philstar · Business

Whoscall launches 'Di Lahat Dinededma' campaign to empower Filipinos to avoid scams without missing important calls

Whoscall encourages Filipinos to download the app and make caller identification part of their everyday digital-safety routine.

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Rappler · Business

GCash prices Philippines’ biggest-ever IPO at P6.60 per share

The IPO now moves to its October 6 to 12 public offer period, when retail investors will be able to subscribe to shares at the P6.60 price

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GMA News Online · Business

Gasoline, kerosene prices seen up; diesel down next week

Gasoline and kerosene prices may increase, while diesel prices could see a rollback next week based on the latest movement in international oil prices, the Department of Energy (DOE) said Friday.

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Rappler · Business

Have P5,000? You can invest in RTB 32 and earn 6.8% per year

When the common public purchases these bonds, they are not merely performing a civic duty; they are securing a reliable, wealth-building vehicle to shield their savings from inflation and market volatility.

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The Manila Times · Business

Nike plans job cuts as it forecasts lower sales

NEW YORK — Nike plans to cut an undetermined number of jobs and establish a new campus in India as it seeks to accelerate a turnaround following another downcast quarter. The sports giant unveiled the plan as it…

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The Manila Times · Business

Petrowind inks payment agreement with Transco

PETROWIND Energy Inc. on Wednesday said that it had signed a renewable energy payment agreement with National Transmission Corp. (TransCo) for the Green Energy Auction tariff of its 13.56-megawatt Nabas wind power…

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Philstar · Business

Looming worker strike to cut Philex’s Padcal mine output

Philex Mining Corp. expects reduced operations from its Padcal mine in Benguet, as a looming workers’ strike threatens to disrupt activities amid stalled collective bargaining talks.

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The Manila Times · Business

GM sales drop in US as Toyota, Hyundai gain

NEW YORK, United States — General Motors reported a dip in third-quarter auto sales Thursday on plunging electric vehicle transactions, while both Toyota and Hyundai rode greater hybrid demand to sales increases. GM…

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The Manila Times · Business

Govt steps up support for sugar sector

THE Department of Agriculture (DA) and Sugar Regulatory Administration (SRA) are stepping up support for the sugar industry which is grappling with pest infestation, drought risks, rising production costs and…

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Philstar · Business

Shakey’s Pizza ushers in business transformation

Shakey’s Pizza Asia Ventures Inc., one of the leading restaurant and kiosk chain groups in the Philippines, is making leadership changes as part of its ongoing business transformation to support its growth agenda.

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The Manila Times · Business

Megawide tops off two towers in Cavite project

MEGAWIDE Construction Corp. on Thursday said that subsidiary Megawide Dreamrise Residences Inc. (MDRI) had topped off two towers of a socialized housing project in Dasmariñas, Cavite under the government’s Expanded…

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The Manila Times · Business

SEC warns vs Novaluxia ‘investment’ scheme

THE Securities and Exchange Commission (SEC) has warned the public against investing in Novaluxia/Novaluxia Innovation Corp., which it said was soliciting investments without the necessary license or authority. In a…

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Philstar · Business

Megawide boosts 4PH with Cavite project

Engineering and infrastructure company Megawide Construction Corp. has advanced its commitment to support the government’s expanded Pambansang Pabahay Para sa Pilipino program, with its Cavite project reaching the…

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The Manila Times · Business

Hanabishi sees growth despite weak economy

PHILIPPINE home appliance maker Hanabishi expects continued growth in the years ahead amid economic conditions that have created a currently cautious market, top executives said late Wednesday. Hanabishi President…

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The Manila Times · Business

Rice, pork prices down in mid-September

AVERAGE retail prices of well-milled rice and fresh pork declined nationwide in mid-September, the Philippine Statistics Authority reported on Wednesday. Well-milled rice retailed at P56.07 per kilogram (kg) from Sept…

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Philstar · Business

ERC, NGCP end disputes over permit, regulatory fees

The Energy Regulatory Commission and the National Grid Corp. of the Philippines have reached a compromise deal to resolve their longstanding disputes over permit and regulatory fees.

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The Manila Times · Business

Asia factory activity grows due to AI boom

TOKYO — Factory activity across Asia expanded in September thanks to the global AI boom, private surveys showed on Thursday, offering some relief to policymakers who are concerned about nagging cost pressures…

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The Manila Times · Business

Manufacturing sector’s health declines in August

PHILIPPINE manufacturing activity contracted in September as weaker demand and stronger international competition weighed on production and new orders. S&P’s Global Philippines Manufacturing Purchasing Managers’ Index…

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Philstar · Business

Philippines Resorts closes Donatela Resort in Bohol

PH Resorts Group Holdings Inc. of Davao-based businessman Dennis Uy has permanently closed its Donatela Resort and Sanctuary in Bohol after losing the property to Land Bank of the Philippines.

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The Manila Times · Business

BIR tightens rules for tax refund claims

TAXPAYERS seeking refunds of excess or unutilized creditable withholding taxes will have to meet stricter filing and documentation requirements under new Bureau of Internal Revenue (BIR) rules. The changes were…

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The Manila Times · Business

Bank lending, money supply growth up in Aug

BANK lending and liquidity growth both picked up in August, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Outstanding loans of universal and commercial banks expanded by 11 percent, preliminary central…

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Philstar · Business

Government eyes retail dollar bond offer by year-end

The Bureau of the Treasury is considering a retail dollar bond offering before year-end as the government looks to tap domestic investors for its financing needs.

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The Manila Times · Business

ERC, NGCP settle dispute over fees

THE Energy Regulatory Commission (ERC) and the National Grid Corp. of the Philippines (NGCP) on Thursday signed a compromise agreement to end years of litigation over permit and regulatory fees. ERC Chairman Francis…

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The Manila Times · Business

US pork group bucks higher tariff

THE National Pork Producers Council (NPPC) has opposed the Department of Agriculture’s (DA) proposal to reclassify frozen pork jowls from edible offal to regular swine meat, which would subject imports to a higher…

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