PH inflation seen staying above 6% in 2026
MANILA, Philippines — Inflation is likely to remain above government targets through the rest of 2026, with the Congressional Policy and Budget Research Department (CPBRD) seeing growth in consumer prices potentially breaching 7 percent ane…
State hydro assets could yield up to P126B
MANILA, Philippines — The government is confident it can meet its P101.5-billion privatization revenue target next year, with proceeds from the Caliraya-Botocan-Kalayaan (CBK) hydroelectric facilities and the planned sale of the Agus-Pulang…
PH sardines maker forays into US market
MANILA, Philippines — One of the Philippines’ largest sardine brands is expanding in the US through a partnership with the second-largest American grocery chain, which will carry its products across 2,750 stores. Mega Sardines, owned by Meg…
Cebu Pacific revives Iloilo flights to Bangkok, Singapore
MANILA, Philippines — Cebu Pacific is restoring parts of its international network suspended during the Middle East war, despite high jet fuel prices worsening its first-half losses. In an advisory on Tuesday, the Gokongwei-led airline said…
AI seen as ‘significant but manageable’ threat to Philippine BPO industry
AI seen as ‘significant but manageable’ threat to Philippine BPO industry BusinessWorld Online…
SEC firms up framework for market makers
MANILA, Philippines — The Securities and Exchange Commission (SEC) is proposing a new regulatory framework for market makers in a bid to deepen liquidity and improve price discovery in the Philippine capital market. The corporate regulator …
Was life really harder for our parents?
Older Filipinos often recount stories of walking long distances to school, living without modern conveniences and raising large families on modest incomes. On the other hand, younger generations argue that buying a home, owning a car and ra…
PSEi inches higher on bargain hunting
MANILA, Philippines — Local stocks edged higher on Tuesday as late bargain hunting offset most of the session’s losses amid renewed Middle East uncertainty. The benchmark Philippine Stock Exchange Index (PSEi) inched up 0.05 percent, or 2.9…
DoF open to scrapping some taxes
THE Department of Finance (DoF) is open to proposals to reduce or repeal some taxes, including the value-added tax (VAT), provided the resulting revenue losses are offset by alternative sources, Finance Secretary Frederick D. Go said.…
Cash remittances may post slowest growth since pandemic this year
CASH REMITTANCES could post its slowest growth since the pandemic this year as overseas Filipino workers (OFWs) are affected by heightened geopolitical risks arising from the Middle East war, Maybank Investment Bank said.…
Inflation to remain above BSP target amid looming El Niño, rising commodity costs
INFLATION in the Philippines is expected to remain elevated through the rest of 2026 as rising global commodity prices, supply disruptions linked to the Middle East war, weather-related risks and domestic production constraints continue to …
AREIT eyes year-end approval for P17.3-B Ayala asset swap
AREIT, Inc. expects to secure Securities and Exchange Commission (SEC) approval by the end of 2026 for its proposed P17.33-billion property-for-share swap with Ayala Land, Inc. (ALI) and its subsidiaries. The real estate investment trust sa…
Shell Pilipinas to open first Visayas import terminal in Cebu by yearend
SHELL PILIPINAS Corp. (SPC) expects to commission its first import terminal in the Visayas in Cebu by yearend, an official said. SPC Chief Financial Officer Reynaldo P. Abilo said the facility will be the company’s fifth import terminal in …
ACEN to sell up to 49% stake in separate 20-MW India wind project
ACEN CORP. has agreed to sell up to a 49% stake in Avana Renewables Private Ltd., which is developing a separate 20-megawatt (MW) wind project in Karnataka, India. In a disclosure to the stock exchange on Tuesday, ACEN said its wholly owned…
CLI cites P99-B receivables against P67-B debt
CEBU Landmasters, Inc. (CLI) said its contracted receivables stood at about P99 billion against P67 billion in outstanding debt as of June. In a statement to the stock exchange on Tuesday, CLI said the contracted receivables are expected to…
T-bond yields mixed on fears of protracted US-Iran conflict
THE GOVERNMENT made a partial award of its dual-tranche Treasury bond (T-bond) offering on Tuesday, with players favoring shorter tenors due to continued uncertainty over the Middle East conflict and as they await the Philippine central ban…
Aboitiz estate eyes 500-ha LIMA expansion, P7-B office pipeline
ABOITIZ Economic Estates is expanding its real estate footprint in Batangas, with plans to add 500 hectares (ha) to its flagship LIMA Estate and invest P7 billion in a seven-tower office pipeline. The expansion would increase LIMA Estate’s …
Ancient blades: Tausug blacksmith keeps tradition alive
THERE ARE MANY traditional blades as per the cultural heritage of the Tausug tribe in Mindanao, who are known for swords handcrafted by skilled artisans. There’s the kris, known for its distinctive wavy blade; the barung, a leaf-shaped sing…
Peso sinks to 3-week low as peace deal hopes fade
THE PESO slid to an over three-week low on Tuesday as global crude oil prices jumped due to fading hopes of a peace deal between the United States and Iran. The currency fell by 29 centavos to close at P61.785 versus the greenback from its …
MPIC hesitant on MRT-3 O&M bid
METRO PACIFIC Investments Corp. (MPIC) is hesitant to join the government’s bidding for the operations and maintenance (O&M) contract of Metro Rail Transit Line 3 (MRT-3), as losses from its existing railway business weigh on its appeti…