Business

Sugar prices dropped to a four-year low on Wednesday, with a pound trading at USD0.1626—a 4% decline from late May and a 15% plunge since the start of 2024. Analysts attribute the price slide to rising expectations of a global supply boost, with the U.S. Department of Agriculture (USDA) projecting a 4.7% year-on-year increase in global sugar production for the …

Tanduay has once again claimed the title of the world’s number one rum, marking its eighth consecutive year at the top, according to the Millionaires’ Club report by Drinks International Magazine. The Philippine-made rum brand recorded global sales of 23.8 million case liters in 2024, outpacing top competitors Bacardi (19.7 million) and Captain Morgan (11.5 million). In 2023, Tanduay sold …

The Philippine automotive industry posted a 1.7% increase in sales during the first five months of 2025, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA). From January to May, total vehicle sales rose to 190,429 units from 187,191 units during the same period last year, driven …

The Philippine government has extended its long-term commitment to water security and rural development following the approval of key projects during the inaugural meeting of the Economy and Development (ED) Council, chaired by President Ferdinand R. Marcos Jr. In a statement released by the Department of Economy, Planning, and Development (DEPDev), the council approved the 10-year extension of concession agreements …

The World Bank has emphasized that boosting private sector activity and implementing key structural reforms will be crucial in accelerating the Philippines’ economic growth in the coming years. In its latest Philippine Economic Update (PEU) released Thursday, the World Bank projected the country’s economy to grow by 5.3% in 2025, with a slight uptick to 5.4% in 2026 and 5.5% …

The Philippine Deposit Insurance Corporation (PDIC) will hold an electronic public bidding (e-bidding) for 73 real estate assets from closed banks on July 23 to 24, the agency announced Friday. The properties up for sale include a wide mix of lots: 20 vacant agricultural, 20 residential with improvements, 19 vacant residential, five mixed vacant residential/agricultural, four mixed residential/agricultural with improvements, …

The Bangko Sentral ng Pilipinas (BSP) reported a $298-million balance of payments (BOP) deficit in May, driven by the national government’s foreign currency withdrawals to service external debt. Despite this, the country’s gross international reserves (GIR) remained healthy, the central bank said Thursday. The BOP tracks the Philippines’ economic transactions with the rest of the world over a specific period …

Despite heightened geopolitical tensions in the Middle East, the Philippine economy remains resilient, according to BPI Securities Corporation. In a market report released Thursday, BPI Securities said stable inflation and improving domestic supply conditions are key factors helping to maintain investor confidence. “Tensions between Israel and Iran undoubtedly pose risks to the global economy,” said BPI Securities president and CEO …

Billease, one of the Philippines’ leading consumer finance providers, today announced a groundbreaking partnership with Blueshift Energy to make solar energy more accessible to Filipino households. This collaboration positions Billease as one of the first Buy Now, Pay Later (BNPL) applications in the Philippines to offer dedicated solar energy financing solutions. As electricity costs continue to surge nationwide, Filipino families …

Bloomberry Resorts Corporation, developer and operator of Solaire Resort Entertainment City, Solaire Resort North, and Solaire Online, was ranked 289th in the 2025 iteration of the Fortune Southeast Asia 500 list. Bloomberry jumped 18 places from rank 307 in the 2024 list as revenues were lifted by the contribution of Solaire Resort North. Located in the heart of Quezon City, …