Mynt, the company behind GCash, is targeting up to P92.32 billion in its IPO, with the final price set for Oct. 1 and PSE debut scheduled Oct. 20. Read more »
The IMF backed the Philippines’ LPG and kerosene excise tax suspension but warned against extending the tax break to gasoline amid revenue concerns. Read more »
Jeepney fares increased on Sept. 28 as Manibela began a three-day strike over rising fuel prices, with PISTON set to strike on Sept. 29–30. Read more »
The ADB approved a $1.5-billion loan to help the Philippines fund fuel subsidies, fare discounts, cash aid and other support amid the Middle East conflict. Read more »
ADB and S&P Global Ratings have lowered their economic growth forecasts for the Philippines, citing the prolonged impact of the Middle East crisis, weaker investments, and lingering price pressures. Read more »
Travelers taking ferries from Cebu to several destinations in the Visayas and Mindanao will have to set aside more for transportation as OceanJet introduces a 10-percent fuel surcharge amid higher global oil prices. Read more »
