Marcos signs EO on crafting a PH carbon market policy framework

President Marcos Jr. has signed an executive order directing the formulation of a carbon market policy framework, Malacañang announced.

How fast? NTC tests internet speeds on MRT-3

The National Telecommunications Commission has conducted speed tests for internet and mobile signals on the MRT-3.

UNDP chief sounds alarm on growing poverty after Iran war shock

BANGKOK, Thailand — Millions could be thrown into poverty by surging energy costs, the impact of an intense El Niño phenomenon and higher interest rates, with vulnerable countries being pushed to the brink by repeated…

China's ByteDance sets up AI safety team, launches global hiring drive

ByteDance's AI research unit Seed has launched a global drive to recruit 10 researchers, saying it will make a long-term investment in AI safety for its increasingly capable models.

DA awaits confirmation from toll operators for rebates for agri trucks

The DA said it is still awaiting word from some tollway operators, including San Miguel Corporation and those linked to the Villar group, to offer a rebate program for agricultural trucks.

Stock indices as of October 15, 2026

Pag-IBIG: 50,000 homes up for grabs at 2-day housing expo

About 50,000 housing units will be offered to Filipino workers and their families at the Department of Human Settlements and Urban Development (DHSUD) and Pag-IBIG Fund"s 2nd National Housing Expo at the SMX Convention…

QR Ph, InstaPay payments nearly triple on Xendit platform

Payments through QR Ph and InstaPay nearly tripled on payments infrastructure company Xendit from January 2025 to April this year, a study released by the global payments infrastructure company on Thursday showed.

Globe ramps up mobile, network connectivity

Globe Telecom said it is expanding its network infrastructure and exploring satellite direct-to-cell technology to improve mobile connectivity.

AI will complement, not replace human workforce, says DEPDev

AI will only help the human workforce do their jobs easier and not replace them, a DEPDev official said on Thursday amid uncertainties on the use of such technology and fears of job losses.

Philippine peso breaches P63:$1, hits 27th record low for year

The Philippine peso weakened against the dollar for the third trading day on Thursday, breaching the P63:$1 level to hit a fresh record low, amid what an economist described as a “series of unfortunate events.”

El Niño damage to agriculture hits P6.8 billion

Agricultural damage has reached P6.8 billion this year as several areas struggle with dry spells linked to the very strong El Niño phenomenon in recent months.

Globe ramps up mobile and network connectivity, leads SMS test

Telecommunications company Globe Telecom said it is expanding its network infrastructure and exploring satellite direct-to-cell technology to improve mobile connectivity.

Inflation tops Filipinos' concerns --Pulse Asia survey

Inflation tops Filipinos" concerns --Pulse Asia survey

Peso breaches 63-level vs dollar, hits record low

The Philippine peso breached the P63:$1 level for the first time on Thursday, hitting a fresh record low against the US dollar amid renewed tensions in the Middle East.

UPS opens $80-M Clark hub

Global logistics firm UPS on Thursday opened its $80-million new hub at Clark International Airport.

BIR collects P203.581B in September 2026, up 10.93%

The Bureau of Internal Revenue (BIR) on Thursday said it saw a double-digit revenue growth in September 2026 compared to last year.

Peso slumps to P63 to $1

MANILA, Philippines —The local currency hit a new low of P63 against the greenback as of morning's trading on Thursday. The peso opened at P62.83 and slipped to an intraday low of P63.06:$1.

Cash remittances rose to $3.035B in August 2026 -- BSP data

Cash remittances from overseas Filipinos increased year-on-year in August 2026, data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed.

[Good Business] Rethinking enterprise as a force for good

The challenge is not simply to declare that business should be a force for good. It is to make that commitment visible in how capital is invested, people are treated, and growth is pursued.

Peso breaches P63:$1

The Philippine peso weakened past the P63:$1 level in early trading on Thursday, breaching fresh record lows against the US dollar, data from the Bankers Association of the Philippines showed.

Rockwell joins Pag-IBIG Fund to offer affordable and premium home choices under Expanded 4PH

Rockwell Land Corporation has joined Pag-IBIG Fund’s growing network of leading developer partners, bringing a wider range of residential choices, from affordable housing to premium residences, within reach of Filipino…

Netflix cuts about 6% of jobs in biggest layoff since 2022

Netflix is laying off 6% of its workforce, or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces tough competition for viewers from…

Farmers’ group presses govt to raise pork import tariffs

THE Samahang Industriya ng Agrikultura (Sinag) on Wednesday continued pressing the government to immediately increase pork import tariffs, warning anew that falling farmgate prices and rising production costs threaten…

Netflix is laying off 6% of its workforce in its biggest round of job cuts in years

CHICAGO — Netflix plans to lay off about 6% of its workforce, amounting to nearly 1,000 positions, as the streaming giant makes wider “organizational changes.” Co-CEOs Greg Peters and Ted Sarandos announced the job cuts…

Philippines pitched as Asia’s subsea cable corridor

The Philippines, with its strategic location, has the potential to become a convergence point for submarine cables, but this would require investing in high-value assets, according to telco giant PLDT Inc.

DA says rice shipment’s permit canceled before vessel’s arrival

THE Department of Agriculture (DA) said it canceled the rice import clearance for MV Tay Son two days before the vessel arrived in the Philippines, rejecting allegations of wrongdoing over the shipment. Last month, the…

DigiPlus drops bid for NZ online gaming license

DIGIPLUS Interactive Corp. has withdrawn from the final rounds of New Zealand's online gaming license auction after reassessing market conditions and valuations. The online gaming firm on Wednesday said it decided not…

DA mobilizes LGUs to boost ube output

To boost local ube production, the Department of Agriculture is teaming up with local government units to create better export opportunities for growers and meet rising global demand.

PeraSure launches in PH, targets microentrepreneurs

PERASURE, a digital lending company operated by Securities and Exchange Commission (SEC)-registered Sulit Lending Corp., has entered the Philippine lending market, targeting an estimated 9.9 million gig workers and…

Sun Life exiting trust business to focus on insurance, mutual funds

SUN Life Philippines will discontinue unit investment trust funds (UITFs) and other trust products offered through its investment management and trust arm as it shifts resources toward its core insurance and mutual fund…

Harm reduction and taxation can go together

Last weekend, I attended the 1st ASHRA Congress: Harm Reduction in the Asia-Pacific Rim, at the Sapporo Convention Center in Sapporo, Hokkaido, Japan. It was organized by the Asia-Pacific Society of Harm Reduction and…

Palay farmgate prices up 33.6% in September

THE average farmgate price of dry palay (unmilled rice) rose 33.6 percent in Sept. to P20.84 per kilo from P15.6 per kilo, data from the Philippine Statistics Authority (PSA) showed on Wednesday. Agriculture Secretary…

Palay production to reach 3.10MMT in Q3

THE country’s palay (unmilled rice) production likely hit 3.10 million metric tons (MMT) in the third quarter, 17.2 percent lower that the actual output of 3.75 million MT a year earlier, the Philippine Statistics…

BSP revamps capital rules for banks’ fraud, cyber risks

The Bangko Sentral ng Pilipinas has adopted a new framework for determining how much capital banks must maintain against losses from fraud, cyberattacks and operational failures, with full implementation set for…

ERC orders spot market fees adjusted to cut high line rental charges

MANILA, Philippines - The Energy Regulatory Commission (ERC) has directed the Independent Electricity Market Operator of the Philippines (IEMOP) to recalculate power spot market transactions to eliminate excessive line…

SK Group chairman sells stake to Dell family office fund for $406 million

SEOUL ─ SK Group Chairman Chey Tae-won has agreed to the sale of a 1.34 percent stake in holding company SK Inc. to an investment fund linked to Dell Technologies founder Michael Dell for 544 billion won ($406 million)…

Converge clinches triple win at HR Asia Awards

Leading fiber broadband and technology provider Converge ICT Solutions Inc. is strengthening its reputation as an employer of choice in the Philippines, earning three major recognitions at the 2026 HR Asia Best…

BofA fined $1.2 billion for failing to police suspicious activity

BANK of America (BofA) has been fined $1.21 billion by US regulators for widespread failures to detect potential money laundering and other illicit activity, a penalty the bank said will hurt third-quarter earnings. The…

Televisa, Fintech to take on America Movil with $2 billion purchase of AT&T's Mexican unit

MEXICO CITY ─ Grupo Televisa and Fintech Holdings have agreed to buy AT&T's Mexican unit for $2 billion in cash, setting up a showdown with telecoms giant America Movil and marking one of Mexico's biggest M&A deals in…