Sangley airport construction eyed to start Q3 2027
The first phase of construction, which costs approximately US$2 billion, comprises a 251-hectare reclamation development to add to the existing land, extension of the existing runway to 3.2 km, a new passenger terminal, apron, cargo facilities, and all necessary landside estates.
Pax Silica backers urged to tap alternative energy, water sources
PROPONENTS of the Pax Silica project in New Clark City, Tarlac, should develop independent sources of energy to support the semiconductor and artificial intelligence (AI) operations being planned there, agriculture-industry commentators said.
House panel approves 2027 budget
THE HOUSE COMMITTEE on Appropriations on Monday approved the proposed P7.2-trillion national budget for 2027, clearing the way for plenary deliberations.
Coal auction to resume after consultations
THE Department of Energy (DOE) will soon resume its deferred coal auction after completing consultations on revised bidding guidelines, Energy Secretary Sharon Garin said.
Most World Bank energy-transition funding tagged as climate finance
THREE-FOURTHS of the World Bank’s $1-billion financing for the Philippines’ energy transition and climate resilience program has been classified as climate finance, the bank said.
Peso breaches 62.8 per dollar to hit new record low
The Philippine peso opened the new trading week at a fresh record low, breaching the 62.8-per-dollar level as a stronger greenback continued to weigh on the currency.
Oil may cause earlier peaking of inflation
THE central bank expects inflation to peak in the fourth quarter of this year due largely to the impact of El Niño, but a domestic bank pointed out that the resurgence in global oil prices—which recently hovered anew at the $100-per-barrel level—may cause inflation to spike as early as September, spoiling the inflation downtrend in the Philippine economy.
Airfares to rise anew as fuel surcharge hits Level 14
Airfares will be on the rise again in the second half of September…On Friday, the regulator said in an advisory it has set the fuel surcharge at Level 14 for Sept. 16 to 30, up from Level 13 during the first half of the month
Foreign debt service bill hits $7.298B in 1st half
THE foreign debt service bill rose 3.02% year on year to $7.298 billion in the first half due to increased principal payments, the Bangko Sentral ng Pilipinas (BSP) said, citing preliminary data.
BSP hints it may start easing in 2027
THE BANGKO SENTRAL ng Pilipinas (BSP) kept further rate hikes on the table amid lingering price pressures, but hinted it could begin easing next year if inflation falls faster than expected.
Philippines’ Muslim-majority Bangsamoro region votes for first parliament
Nearly 2.4 million voters in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) in the southern Philippines are casting their ballots in the first parliamentary elections since the region was established in 2019. However, deadly violence marred the elections one day before the polls open in the southern Philippine region.
Marcos: Stable food supply top priority amid Mideast crisis
Marcos said ensuring adequate food supply is part of the administration's strategy to prevent the Middle East conflict from disrupting the daily lives of Filipinos. Food and energy security were also among the priorities advanced by the Philippines during the BRICS Summit.
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