Philippines Business News

MMDA readies 30 flood catchments

THE Metropolitan Manila Development Authority (MMDA) is preparing 30 flood catchment sites, which will be partly funded by the Asian Infrastructure Investment Bank (AIIB), as the government seeks to improve the capital’s capacity to absorb intense monsoon rains. MMDA Chairman Romando “Don” S. Artes, Jr. said the projects would use nature-based solutions, including underground catchments […]

La Trinidad placed under state of calamity

LA TRINIDAD, Benguet — Benguet capital, La Trinidad, was placed under a state of calamity on Aug. 18 following extensive damage caused by heavy rains from a typhoon and the continuing southwest monsoon. Mayor Roderick C. Awingan said the declaration, approved by the Sangguniang Bayan, was based on the recommendation of the Municipal Disaster Risk […]

Farmers seek aid as storm losses top P1 billion

BAGUIO CITY — Vegetable farmers reeling from floods and prolonged rains are facing double blow as crop losses mount while falling prices and a shortage of buyers further slash their already meager incomes, a farmers’ group said. The Kilusang Magbubukid ng Pilipinas (KMP) called for immediate production subsidies, free seeds and farm inputs, crop insurance […]

PSEi tumbles to 6,100 level on Mideast worries

PHILIPPINE SHARES slid back to the 6,100 level on Wednesday as the peso tested new lows on fading hopes for peace in the Middle East. The Philippine Stock Exchange index (PSEi) slumped by 1.7% or 106.36 points to close at 6,158.34, while the broader all shares index fell by 1.29% or 44.47 points to end […]

PGH receives P800 million for Zero Balance Billing program

THE Department of Budget and Management (DBM) said it released P1.855 billion in additional funding for the Philippine General Hospital (PGH), including P800 million for its Zero Balance Billing program. Of the total, P1.04 billion will support the provision of medical services, while the P800 million will be allocated through the Universal Health Care Fund […]

PPP board approves reorganization plan

THE Public-Private Partnership (PPP) Center said its governing board approved a reorganization plan that will seek to strengthen its capacity to render technical assistance, evaluate projects, and oversee a growing number of PPP projects. The Center’s proposed optimization plan has been submitted to the Department of Economy, Planning, and Development (DEPDev) for endorsement to the […]

Sugar farmers to get high-yield cane varieties

THE Sugar Regulatory Administration (SRA) said it will soon release three new high-yielding sugarcane varieties to help sugar farmers raise their incomes and productivity. Speaking at the Philippine Sugar Technologists Association’s Annual National Convention in Cebu City, administrator Pablo Luis S. Azcona said the SRA will also distribute organic fertilizer with beneficial microorganisms and provide […]

Hog raisers say border inspections still key despite ASF regionalization precautions

REGIONALIZATION RULES have allowed pork imports from parts of a source country unaffected by African Swine Fever (ASF), but the Philippines still needs to conduct border inspections to prevent infected meat from slipping through, hog raisers said. National Federation of Hog Raisers said the Department of Agriculture’s (DA) regionalization regime has allowed the flow of […]

Finance dep’t backs delay in property valuation reform

THE Department of Finance (DoF) is recommending a one- to two-year delay in the implementation of the Real Property Valuation and Assessment Reform Act (RPVARA) to give local government units (LGUs) more time to prepare. Undersecretary Krystal Lyn T. Uy-Sia said the government must ensure that LGUs are operationally ready to implement the reform. “Our […]

Approved building permits drop 0.3% in June

BUILDING permit approvals dropped to a three-month low in June, driven by weak consumer demand and high borrowing costs, which weighed on residential projects even as business-related projects remained resilient. Citing preliminary data, the Philippine Statistics Authority (PSA) said building projects covered by the permits numbered 17,081 in June, down 0.3% from a year earlier. […]

Epson registers new P40-M robotics facility

THE Philippine Economic Zone Authority (PEZA) said Epson Precision Philippines, Inc. (EPPI) is expanding its facility in Batangas with a P40-million robotics manufacturing project. In a Facebook post on Wednesday, PEZA and EPPI signed a supplemental agreement on Aug. 13 for the company’s expansion, taking the company beyond its core printing equipment operation. The facility will […]

ERC extends green energy charge suspension

THE Energy Regulatory Commission (ERC) said it extended the suspension of the collection of green energy auction allowance (GEA-All) for four more months. In an advisory on Wednesday, the ERC said the collection of the GEA-All rate of P0.0371 per kilowatt-hour will be suspended until December. “This measure is being implemented to provide relief to […]

BCDA promises to obtain favorable Pax Silica terms

THE Bases Conversion and Development Authority (BCDA) said negotiations between the Philippines and US on the governing framework for the upcoming Pax Silica hub are ongoing, and committed to secure favorable terms for the Philippines. Speaking at the Kapihan sa Manila Bay forum on Wednesday, BCDA President and Chief Executive Officer Joshua M. Bingcang said […]

Welcoming RMC No. 72-2026

Companies often provide their officers and key personnel access to exclusive club facilities as part of their benefits package. Since proprietary club shares are normally required to be registered in the name of a natural person, corporations usually register these shares under the name of their officers who serve as nominees or trustees. Under this […]

U.S. debt tops $40 trillion

Many policymakers see rate hikes likely if inflation does not fall - Fed minutes

Landers Superstore strengthens community ties with LSGHAA through exclusive membership program

LANDERS Superstore, the country’s fastest-growing membership shopping destination, has officially partnered with the La Salle Green Hills Alumni Association (LSGHAA) to provide exclusive benefits to the LSGH community through a special membership promotion supported by Chinabank. The partnership was formalized during a contract signing ceremony at Landers Arcovia on June 10, 2026. The event was attended by officers and board members of LSGHAA, led by President Jose Luis Angel Orosa and Vic

Form 8.5 (EPT/RI)-Gamma Communications Plc

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code”) 1. KEY INFORMATION (a) Name of exempt principal trader:Investec Bank plc(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Gamma Communications Plc(c) Name of the party to the offer with which exempt principal trader is connecte

Cebuana Lhuillier triumphs at the Stevie International Business Awards

CEBUANA Lhuillier secured multiple awards at the prestigious Stevie International Business Awards, highlighting its leadership in financial inclusion, innovative communications, and initiatives that create meaningful value for customers and communities. President and CEO Jean Henri Lhuillier received three individual distinctions — Most Innovative Content Creator of the Year (Gold) for Money Guro, which uses accessible and engaging social media content to make financial education more rele

SK hynix Accelerates 40 Trillion won Share Repurchase and Cancellation Program, Pursues Shareholder Return Expansion to 'Over 50% of FCF'

Board approves resolution on August 19 to repurchase and fully cancel 40 trillion won of treasury sharesDecision reflects the view that intrinsic value-driven by business competitiveness and cash generation capability-is underrepresented in current share priceLargest treasury share cancellation in the history of the South Korean listed companies; to be executed ahead of schedule within program periodCompany to expand shareholder return target from the previous "within 50% of cumulative FCF" to "

Space-Station Chicken-Wing Roast: Simple Steps Behind Decades of Engineering Efforts

BEIJING, Aug. 19, 2026 /PRNewswire/ -- A news report from China Science Communication: What does it take to grill chicken wings aboard a space station? Much like on Earth, it seems to involve just three easy steps: place the wings inside the oven, roast them, and take them out once fully cooked. This remarkable milestone first unfolded aboard China's Tiangong Space Station in November 2025. Astronauts from the Shenzhou-20 and Shenzhou-21 crews operated a newly-delivered space-certified hot-air o

North Korea dismisses US military drill cuts, denies Trump talks

SQM Reports Earnings for the Six Months Ended June 30, 2026

HighlightsSQM reported total revenues for the six months ended June 30, 2026 of US$4,228.5 million compared to total revenues of US$2,079.3 million for the same period last year.Net income for the six months ended June 30, 2026 of US$1,024.7 million or US$3.59 per share, compared to US$225.9 million or US$0.79 per share for the same period last year.In lithium: record-high quarterly sales volumes surpassing 84 thousand metric tons of Lithium Carbonate Equivalent (LCE).In Iodine: record-high sale

Jyske Realkredit explores the possibilities of issuing a new euro denominated benchmark covered bond

To Nasdaq Copenhagen A/S 19 August 2026 Announcement no. 69/2026 Jyske Realkredit explores the possibilities of issuing a new euro denominated benchmark covered bond Jyske Realkredit has mandated Jyske Bank, Danske Bank, Erste Group Bank, DZ Bank and RBC Capital Markets to explore the possibilities of issuing a new euro denominated covered bond out of capital centre E. A benchmark transaction is expected to be launched. Questions may be addressed to Lars Haslov, Head of ALM, tel. (+45) 89 89 92