THE Philippine economy grew by 5.6% in 2023, falling short of the government’s full-year target as state spending and exports declined and high interest rates dampened consumption.  Read the full story.RGEntRibirthFURD

People flock to Divisoria ahead of the holiday season, Dec. 21, 2023. -- Photo by Walter Bollozos, The Philippine StarBy Luisa Maria Jacinta C. Jocson, ReporterTHE Philippine economy grew by 5.6% in 2023, falling short of the government’s full-year target as state spending and exports

Fuel retailers implemented another round of pump price hikes on Tuesday. -- Photo by EDD GUMBAN/PHOTOBy Keisha B. Ta-asan, ReporterHEADLINE INFLATION may have settled within 2.8-3.6% in January due to lower vegetable and sugar prices, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.The BSP’s

BW FILE PHOTOTHE National Government’s (NG) outstanding debt as a share of gross domestic product (GDP) further eased to 60.2% at the end of 2023, the Bureau of the Treasury (BTr) said.Treasury data showed that the NG’s outstanding debt hit a record P14.62 trillion as

A view shows the Light Rail Transit (LRT) train in Jakarta, Indonesia, Aug. 23, 2023. -- REUTERS/Willy KurniawanECONOMIES in the Asia region are expected to continue contributing significantly to global growth, as Asian central banks loosen monetary policy later this year amid easing inflation, the

THE ABOITIZ group and its partner Coca-Cola Europacific Partners plc (CCEP) have received approval from the Philippine Competition Commission (PCC) to jointly acquire soft drinks giant Coca-Cola Beverages Philippines, Inc. for $1.8 billion, the group’s holding company Aboitiz Equity Ventures, Inc. (AEV) said on Wednesday.The

ROCKWELL Land Corp.’s board has greenlit a P5-billion term loan facility as part of a plan to finance the company’s capital expenditures (capex), the Lopez-led company said on Wednesday.In a regulatory filing, the property developer said that the loan facility, with a term of up

GLOBE TELECOM, Inc. announced on Wednesday a partnership with the British Embassy in Manila to strengthen digital infrastructure defenses in response to growing cybersecurity concerns.“Cybersecurity must be a top priority for both the United Kingdom and the Philippines in order to ensure the safety and

The new 33-MVA digital substation operated by AboitizPower distribution utility Davao Light in Binugao, Toril addresses growing electricity demand in the southern part of Davao City.Successfully navigating adversities and opportunities in the power sector in 2024 and beyond is largely hinged on the quality of

1 of 3IN THE hands of Josh Boutwood (the man behind Helm, The Test Kitchen, Savage, and Ember) and Chele Gonzalez (his Gallery by Chele is a consistent placer in Asia’s 50 Best Restaurants list), a Wednesday dinner turned out to be a night to