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3 regional airports targeted for Swiss challenge by Q1
THE Swiss challenge for the bundled Davao, Bicol, and Siargao airport projects is likely to be held in the first quarter of 2027, the Public-Private Partnership (PPP) Center said. PPP Center Executive Director Rizza Blanco-Latorre said the P21.61-billion unsolicited proposal would first have to undergo review after the original proponent status was awarded. Ms. Latorre […]
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SM Hotels strengthens its gastronomy tourism platform through Conrad Manila’s Filipinas
Conrad Manila’s all female chef-led culinary experience brings regional flavors, Filipino heritage, and contemporary craftsmanship to the table Philippine cuisine is more than a collection of dishes. It is a reflection of the country’s diverse regions, traditions, communities, and stories. Building on its commitment to champion Philippine culinary heritage, SM Hotels and Conventions Corporation (SMHCC) […]
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LPA, southwest monsoon to bring thunderstorms over large parts of the country — PAGASA
A low pressure area (LPA) and the prevailing southwest monsoon may cause thunderstorms in many areas of the country in the next 24 hours, raising the risk of flooding and landslides, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said on Friday. The trough, or extension, of the LPA may cause thunderstorms over the […]
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Privileged Filipino students outscore disadvantaged peers in science in PISA results
The most socio-economically advantaged 15-year-old Filipino students outperformed their most disadvantaged peers by a notable margin in science in the latest Programme for International Student Assessment (PISA), continuing a trend observed since the country joined the assessment in 2018. The Organisation for Economic Co-operation and Development (OECD) PISA 2025 study showed that socio-economically advantaged students, […]
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Meralco lowers September power rate by 4 centavos/kWh
MORE THAN eight million customers of Manila Electric Co. (Meralco) will see slightly lower electricity bills this month after the power distributor reduced its overall rate as lower ancillary service charges and taxes offset higher generation costs. In a statement on Friday, Meralco said its overall rate declined by P0.0409 per kilowatt-hour (kWh) to P14.7424 […]
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Maynilad, Manila Water rates to rise in Q4
By Sheldeen Joy Talavera, Reporter CUSTOMERS of Maynilad Water Services, Inc. and Manila Water Co., Inc. will pay slightly higher water bills starting Oct. 1 after the regulator approved quarterly adjustments reflecting foreign exchange movements. The Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS RO) approved an increase of P0.08 per cubic meter (cu.m.) for […]
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PAGASA monitors two LPAs amid southwest monsoon
Two low pressure areas (LPAs) are being monitored as the southwest monsoon brings heavy rainfall to three areas and thunderstorms to parts of the country, raising a risk of flooding and landslides, according to the state weather bureau on Friday. The nearer LPA was located 1,040 kilometers west of Southwestern Luzon, the Philippine Atmospheric, Geophysical […]
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Weak foundational skills may erode Philippine workforce’s edge
WEAK FOUNDATIONAL SKILLS among Filipino students could undermine the competitiveness of the future workforce and force businesses to spend more on training future employees, an industry group said.
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Philippine GDP growth may lag Southeast Asian peers — BofA
THE PHILIPPINE ECONOMY may be among the slowest growing in Southeast Asia this year, as weak domestic demand keeps growth below its potential, Bank of America (BofA) said. In a report dated Sept. 8, BofA Global Research kept its gross domestic product (GDP) forecasts for the Philippines at 2.5% in 2026 and 3.5% in 2027. […]
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EU, Spain formally join Luzon Economic Corridor
THE EUROPEAN UNION (EU) and Spain have formally joined the Luzon Economic Corridor (LEC) initiative, strengthening the Philippines’ efforts to attract high-value investments and position the country as a hub for maritime industries and advanced manufacturing.
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DMPL opens creditor talks as restructuring advances
DEL MONTE Pacific Ltd. (DMPL) has started restructuring discussions with its principal creditors and other stakeholders as it seeks to address near-term liquidity and debt-maturity pressures. In a regulatory filing on Thursday, the food company said it is working with external financial advisers on a broader restructuring framework that may include debt restructuring, operational initiatives, […]
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PNB Holdings sets P1.20 reference price for Sept. 25 listing
PNB HOLDINGS CORP. (PHC), the real estate arm of Philippine National Bank (PNB), has set an initial reference price of P1.20 per share for its planned Sept. 25 listing by way of introduction, giving the company an indicative market capitalization of about P56.3 billion. In a statement on Thursday, PHC said the reference price is […]
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LRT-1 Las Piñas Station advances access to Villar Group properties
THE Light Rail Transit Authority (LRTA) has signed an agreement covering seven Villar Group properties needed for the Las Piñas Station of the Light Rail Transit Line 1 (LRT-1) Cavite Extension, advancing government access to part of the project’s remaining right-of-way. In a statement on Thursday, the LRTA said six of the seven lots are […]
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DigiPlus has room to take on more debt for growth — Moody’s
DIGIPLUS INTERACTIVE Corp. has room to take on additional debt to fund its expansion while maintaining relatively low leverage, Moody’s Ratings said as it assigned the gaming company a first-time B1 corporate family rating with a stable outlook. Moody’s said DigiPlus’ target of keeping net debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) […]
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Jumbo bond issue still likely as gov’t plugs financing gaps
THE MARKET still expects the government to issue a jumbo bond within the year, even as the National Treasurer said they are reconsidering a planned offer this month amid volatile conditions, as it needs to plug its funding requirements. Union Bank of the Philippines Chief Economist Ruben Carlo O. Asuncion said the Bureau of the […]
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A celebration of reading culture: Why the Manila International Book Fair matters
IT’S BEEN over 40 years since the Manila International Book Fair (MIBF) first opened its doors to Filipino authors and bookworms. In the beginning, it was all about offering books for a fraction of the usual cost — today, it has become much, much more than that. “It’s not just selling. It’s more experiential now,” […]
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Gokongwei: PhilWeb to prioritize capital discipline, governance
PHILWEB CORP. Chairman Lance Y. Gokongwei said the company will prioritize disciplined capital allocation and stronger governance as trading in its shares resumed following additional disclosures on its investment in JKS Tech Solutions, Inc. “Our focus remains on disciplined capital allocation, stronger governance, and building a larger and more profitable technology and digital infrastructure platform […]
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BSP looks to ease rules on sukuk issuances to boost Islamic finance
THE BANGKO SENTRAL ng Pilipinas (BSP) is planning to streamline its regulations on sukuk transactions to help advance Islamic banking and finance in the country while also deepening the capital market. In a draft circular, the BSP is proposing a simplified licensing framework for banks by allowing them to issue sukuk bonds for operational or […]
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Architecture festival centers on care, culture, collective futures
AT A TIME when systemic challenges like poor infrastructure planning and chronic urban flooding plague the Philippines, this year’s Anthology ASEAN Architecture Festival is turning the spotlight on care, culture, and collective futures. This October, in the walled city of Intramuros, Anthology aims to explore how architecture shapes places and communities in the Philippines. It […]
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Atlas Mining names Jaime Bautista independent director
ATLAS Consolidated Mining and Development Corp. has elected former Transportation Secretary Jaime J. Bautista as an independent director. Mr. Bautista was elected during a special meeting of the mining company’s board on Wednesday, Atlas Mining said in a disclosure on Thursday. He served as Transportation secretary from 2022 to 2025. Before joining the government, he […]
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Security Bank looks to improve profitability
SECURITY Bank Corp. aims to improve its profitability metrics over the next three years, with return on equity (RoE) targeted to return to double-digit level amid an optimistic outlook despite elevated market volatility. “Personally, I think that for me, three years is enough time for me to turn this business around to a double-digit return. […]
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RCBC doubles Billease credit facility to P1 billion
RIZAL Commercial Banking Corp. (RCBC) has doubled its credit facility for consumer finance and buy now, pay later (BNPL) provider Billease to P1 billion to help expand its offered services. Their expanded partnership will now include corporate cash management, savings, and foreign exchange (FX) services from just term lending initially, Billease said in a statement […]
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SEC says Dermacare owner, finance officer arrested over alleged investment scheme
THE Securities and Exchange Commission (SEC) said the owner and a key officer of Beyond Skin Care Ventures, Inc., which operates Dermacare Face Body and Laser Center/Dermacare-Beyond Skin Care Solutions, were arrested in connection with criminal cases involving alleged unauthorized investment solicitation, investment fraud, and syndicated estafa. In a statement on Thursday, the corporate regulator […]
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