Business

PHILEXPORT president Sergio Ortiz-Luis Jr. (Courtesy: PHILEXPORT/Facebook) Philippine Exporters Confederation Inc (PHILEXPORT) expressed concern over a proposal by the Office of the United States Trade Representative (USTR) to impose additional duties of up to 12.5 percent on imports from economies deemed insufficient in preventing and enforcing bans on goods produced …

L-R (Standing): Acwa Global President & CEO Samir Serhan, Department of Finance Sec. Frederick D. Go, EPI Chairman & CEO Martin Antonio G. Zamora L-R: (Seated): Acwa Power Philippines, Inc. CEO Salman Baray, EPI COO Rafael Macabiog Saudi Arabia’s ACWA Power Philippines and Emerging Power Inc. (EPI) have signed an …

In a statement, the US Trade Representative (USTR) said it is proposing additional duties ranging from 10 to 12.5 percent on goods from 60 economies for their inability to effectively prevent the entry of goods produced with forced labor into their respective markets (STAR / File)  Over forced labor probe …

EFFICIENT ENERGY USE. Energy Secretary Sharon Garin (second from left) and Ayala Land Chief Sustainability Officer Robert Lao (third from left) lead the ceremonial switching off of lights at BGC Park Triangle Mall in Taguig City on Wednesday (June 3, 2026). The event was part of the Department of Energy’s O.N.E. …

Members of the Senate minority bloc sit in a near-vacant plenary hall during the scheduled session at the Senate of the Philippines in Pasay City on June 2, 2026. The session was stalled as no senators from the majority bloc appeared on the floor, prompting the minority lawmakers to later …

Jensen Huang, CEO of Nvidia Corp., speaks at a company event in Taipei on May 27. The company’s Blackwell chips may have made their way to Chinese entities based outside the country despite U.S. efforts to starve China of semiconductors (Reuters)  THE US Department of Commerce on Sunday moved to …

A steel worker stands amid sparks of raw iron coming from a blast furnace at a steel factory in Duisburg, Germany (Photo: Reuters/File)  LONDON/TOKYO — The economic shock from the Iran war hit European factories last month, suppressing demand for their goods and pushing up raw material costs at the fastest …

A worker checks machinery at a factory in Higashiosaka, Japan June 23, 2022 (Reuters/Sakura Murakami)  TOKYO — Japanese companies’ pace of annual spending on plant and equipment stalled in the first quarter after a year of strong expansion, likely prompting a downgrade to economic growth as concerns mount over the impact …

Conglomerate San Miguel Corp. plans to raise up to P30 billion from a sale of preferred shares to refinance its existing debt and fund investments in its infrastructure business, including its airport project in Bulacan province. The company will offer up to 266.67 million Series 2 preferred shares at P75 …

Various imported and locally sourced rice are on display for sale at the Central Market in Manila on May 7, 2026 (Edd Gumban / The Philippine STAR) MANILA, Philippines — Inflation likely accelerated further in May and may have hit its fastest pace in more than three years as food, …