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Thursday, April 18, 2024

Economy & Trade

CAB maintains fuel surcharge

The Civil Aeronautics Board (CAB) said the passenger and cargo fuel surcharge levels will remain unchanged for May 2024, the third consecutive month at Level 6 It said in an advisory passenger and cargo fuel surcharges for domestic and international flights would be at level 6 from May 1 to May 31, or the same rate in April. Under Level 6 of the passenger fuel surcharge matrix, airlines are allowed to...

DBM reaffirms commitment to robust economic growth

Department of Budget and Management (DBM) Secretary Mina Pangandaman reaffirmed the government’s...

Semiconductors drove exports growth in February –DTI

The robust upturn in the semiconductor industry supported the 15.7-percent growth in...

US firm NanoForge plans to invest in coco filter manufacturing facility

Department of Trade and Industry (DTI) Secretary Alfredo Pascual said Wagmi Solutions...

LATEST Economy & Trade

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ECB initiates historic rate hike to battle high inflation

Frankfurt, Germany—The European Central Bank announced the largest rate hike in its history Thursday and said there were more to come as it scrambles...

Asian markets rally, dollar dips as traders price in policy tightening

Asian markets rallied Friday following a healthy performance on Wall Street, with investors largely pricing in more interest rate hikes aimed at taming runaway...

July jobless rate declined to 5.2%, lowest since 2005

The unemployment rate fell to 5.2 percent in July, its lowest level since the onset of the COVID-19 pandemic, data from the Philippine Statistics...

August gross international reserves fell to two-year low of $99b

The country’s gross international reserves fell to a two-year low of $99.0 billion in August from $99.8 billion in July as the government settled...

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