MANILA, Philippines — The Philippine peso fell to a new record low on Thursday as expectations of higher US interest rates strengthened the dollar. The peso weakened 15 centavos to close at 62.90 per dollar, surpassing its previous record-low close of 62.86 set on Sept. 14, according to data from the Bankers Association of the Philippines.

MANILA, Philippines — The Department of Transportation (DOTr) is planning three new high-capacity bus corridors spanning more than 100 kilometers (km) across Metro Manila, building on the existing EDSA Busway to improve public transport connectivity in the capital region. Transportation Undersecretary Mark Pastor said the proposed corridors would run along C5, Quezon Avenue and Ortigas-Aurora. READ:

MANILA, Philippines — Economic growth this year is likely to fall short of President Marcos’ target as weak domestic demand weighs on the economy, Bank of America said, while the central bank is expected to focus more on taming red-hot inflation than supporting growth for now. In a note to clients, BofA forecasts that gross domestic

MANILA, Philippines — Figaro Culinary Group Inc. is seeking to delist from the Philippine Stock Exchange (PSE), with Figaro Coffee Systems Inc. (FCSI) planning to buy out minority shareholders at P0.82 per share. In a disclosure on Thursday, the restaurant operator said it received on Oct. 7 a notice from FCSI regarding the proposed tender

MANILA, Philippines — The Civil Aviation Authority of the Philippines (Caap) has more than tripled its airport infrastructure project portfolio to 91 this year, as it steps up efforts to modernize gateways amid sustained growth in air travel. Caap Director General Raul Del Rosario said the figure marks a significant increase from just 25 projects in

MANILA, Philippines — Ten companies, including those backed by power giants, have expressed interest in joining the country’s first mid-merit natural gas bidding. Among those vying to secure contracts are Prime Infra, featuring its massive gas assets: 1,000-megawatt (MW) Sta. Rita, 600-MW Sta. Maria, 500-MW San Lorenzo and 420-MW San Gabriel natural gas-fired combined cycle power

MANILA, Philippines — Automotive giant Toyota Motor Philippines Corp. is pouring P3 million into the conservation of Mindoro’s tamaraws, the critically endangered animals after which it named its locally assembled utility vehicle. Part of the funding will go toward improvements at the Tamaraw Research and Conservation Center, including additional research and monitoring equipment to help

MANILA, Philippines — We were all taught the 5 P’s of marketing: Product, Price, Place, Promotion and People. In stable times, they work together. You balance them. In uncertain times, that balance disappears. One P begins to dominate—and that is Price. Not because the others don’t matter—but because the others will not break you as quickly,

The more ambitious the strategy, the more dangerous it is to pretend you know exactly how it will succeed. For more than 30 years of mentoring executives, advising business owners and evaluating business models, I have seen a recurring pattern—major initiatives rarely fail because leaders lack ambition. They fail because critical assumptions were not challenged

MANILA, Philippines — In a dizzying marketplace where the line between legitimate and bogus, scam and sale, artificial intelligence-generated and the real deal is increasingly blurred, consumers could use a few guardrails. That is particularly true in the Philippines, a market of more than 112 million people where household consumption has historically accounted for roughly 70