Philippines Leads ASEAN Push on Carbon Markets to Boost Climate Action Investments
Economy

Philippines Leads ASEAN Push on Carbon Markets to Boost Climate Action Investments

The Philippines is spearheading regional efforts within ASEAN to develop and harmonize carbon markets, aiming to attract private investments for climate action and support the transition to a low-carbon economy.

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  • Oil Price Cuts Likely to Continue Next Week in Philippines

    Motorists in the Philippines are likely to see another round of fuel price rollbacks next week, with potential cuts of up to ₱5 per liter. Leo Bellas, president of Jetti Petroleum, estimates diesel prices could decrease by ₱4 to ₱5 per liter, offering some relief from rising fuel costs.

  • Oriental Mindoro Inflation Surges to 9.3% in October

    Headline inflation in Oriental Mindoro province accelerated to 9.3% in October from 7.7% in September, according to government data. This brought the year-to-date average inflation to 6.1%, a significant increase from the previous year.

  • Baguio, Cordillera Face Steep Inflation in October

    Inflation rates for dining out and public transportation surged to 9.3% in Baguio City and 9.2% in the Cordillera region in October, marking the highest rates this year and impacting the cost of living for residents.

  • Sweden Eyes Investment Surge in PH Post-EU FTA Signing

    Sweden anticipates a significant increase in capital deployment from Swedish firms in the Philippines once the EU-Philippines Free Trade Agreement (FTA) is finalized. Around 38 out of approximately 60 Swedish companies operating in the country expressed optimism about local market conditions and plan to expand operations, invest further, and increase employment.