Philippines Bans Meat Imports from 23 Countries Amid Foot-and-Mouth Disease Concerns
Economy

Philippines Bans Meat Imports from 23 Countries Amid Foot-and-Mouth Disease Concerns

The Philippine Department of Agriculture has banned the importation of meat products from 23 countries, including Algeria, to prevent the spread of foot-and-mouth disease (FMD) into the local animal industry, citing confirmed FMD virus cases in those nations.

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.

  • Petron Net Income Down 44% to P5.4 Billion Amid Middle East Conflict

    Petron Corp., the Philippines' leading oil refiner and marketer, reported a 44% year-on-year drop in net income to P5.4 billion for the January-September period. The decline is attributed to the prolonged conflict in the Middle East, which impacted refinery operations and crude oil prices.

  • BSP Signals Rate Cuts Distant Amid Persistent Inflation

    Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. indicated that while the economy may have begun recovering in the third quarter, interest rate cuts are likely still distant due to persistently high inflation expectations. GDP growth is anticipated, but price pressures are tempering monetary easing.

  • Moody’s: PH Sustainable Bond Market to Grow on Infra, Energy Shift

    Moody's Ratings forecasts growth in the Philippines' sustainable bond market, driven by infrastructure development and energy transition. Rising investor demand for strong governance, transparency, and clear commitments on fund usage underpins this outlook. The Philippines holds the third-largest market in Southeast Asia.

  • PSEi ends week down, peso ends sideways

    The Philippine Stock Exchange Index (PSEi) closed the week lower, while the Philippine peso traded sideways against major currencies, indicating market uncertainty.