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Cebu Pacific is reviving its direct flights from Iloilo to Bangkok and Singapore starting November 23, despite increased first-half losses due to high jet fuel prices. This move is part of the airline's international network rebuilding efforts, signaling optimism for recovering passenger demand.
The Philippine Stock Exchange Index (PSEi) edged up slightly on Tuesday, reversing earlier losses due to late bargain hunting. Market sentiment was weighed down by Middle East geopolitical risks and slower remittance growth.
The Philippines' Department of Agriculture is exploring measures to mitigate significant vegetable losses in Benguet, which has incurred over P1.4 billion in agricultural and fishery damages due to recent weather disturbances. The issue highlights critical challenges in logistics and market access for farmers.
The Philippine Ombudsman plans to include four alleged former bodyguards of fugitive Zaldy Co in a plunder case, as they have recanted statements claiming to have delivered suitcases of cash to various personalities.
The impeachment trial of Philippine Vice President Sara Duterte has canceled its 17th day, scheduled for today, due to anticipated heavy rains. The cancellation was announced by the Senate impeachment clerk of court.
Former congressman and Philippine Air Force Reserve Brigadier General Michael Romero has denied receiving or possessing a Gold Cross Medal. He clarified that the award in question is actually the Gawad sa Kapayapaan, recognizing his role in acquiring C-130 aircraft for the AFP.
A Quezon City court has set oral arguments for tomorrow on Vice President Sara Duterte’s motion to quash the grave threats complaint filed against her, stemming from remarks she made that were perceived as suggesting presidential assassination.
The House prosecution panel asserts that the transfer of P125 million in confidential funds from the Office of the Vice President (OVP) was illegal from the outset, stemming from an order by Vice President Sara Duterte. Based on the testimony of a former disbursing officer, they argue that transferring funds to an unauthorized individual violates government regulations.
A shooting incident at Ateneo de Zamboanga University on Tuesday morning, August 18, resulted in two student fatalities and nine injuries. The alleged perpetrator is also believed to have died by suicide. Investigations are ongoing into the motive and how firearms were brought onto campus.
House prosecutors are urging senator-judges to attend the Vice President's impeachment trial in person, citing the inability to assess witness demeanor through live feeds. Concerns have been raised about some senators observing from the Senate lounge instead of the courtroom.
The Department of Justice has indicted Marikina 1st district Rep. Marcelino Teodoro on charges of sexual assault and acts of lasciviousness. The complaints were filed by two female police officers who previously served as his security personnel.
Following a shooting incident at Ateneo de Zamboanga University in Zamboanga, the Bureau of Customs (BOC) has relieved the father of the suspect, who was the district police chief, of his duties. Authorities are investigating the origin of the firearm and its connection to the father's service-issued weapons.
A student at Ateneo de Zamboanga University in Zamboanga City, Philippines, fatally shot a classmate before taking his own life. The incident occurred shortly after classes began, injuring one teacher. Authorities are investigating the source of the firearms and the motive behind the attack.
The Philippines' Sugar Regulatory Administration (SRA) has tightened import regulations on artificial sweeteners to protect the local sugar industry. Importers now face stringent procedures and fees, addressing concerns that unregulated imports threaten the industry's sustainability.
SM Prime Holdings has confirmed strong corporate demand for its Premier Suites at the newly opened SM Seaside Cebu Arena. Offered on a minimum one-year lease, these suites are gaining traction as a venue for companies to enhance relationships with clients and employees.
ACEN Corp. of the Philippines announced it will sell up to a 49% stake in its Indian wind project, Avana Renewables, to Dutch firm Diamond India Renewables One B.V. (DIRO). This move is part of ACEN's strategy to strategically reduce its equity in Indian renewable energy assets, which comes as the company reported a significant surge in its first-half earnings.
EastWest Banking Corp. anticipates a slowdown in loan growth to the high single-digit to low-teen range this year, citing elevated credit costs and macroeconomic uncertainties. The bank is tightening consumer credit selectivity and shifting lending towards lower-risk segments like mortgages and SME loans.
The Philippine stock market eked out a slight gain, recovering from earlier losses driven by Middle East tensions, thanks to last-minute buying. Foreign investors remained cautious, posting net outflows.
The Bangko Sentral ng Pilipinas (BSP) plans to tighten governance standards by mandating regular fit-and-proper assessments for bank officials and requiring regulatory confirmation for certain new directors and officers before they can assume office.
The Philippine government announced a deferral of the immediate full return of P107 billion in unused reserve funds to the Philippine Deposit Insurance Corporation (PDIC). Officials cited concerns over straining fiscal space and impacting the 2027 national budget.
The Philippine government aims to generate P101.5 billion in revenue in 2025 through the privatization and rehabilitation of the Caliraya-Botocan-Kalayaan (CBK) and Agus-Pulangi hydropower assets, a significant increase from earlier targets.
Thirty-three personnel of the Philippines' Unified 911 System are under investigation by the Department of the Interior and Local Government (DILG) over alleged delays in responding to an emergency call for a man who died of a heart attack. Investigators are examining claims of laughter heard on the line during the call.
The Armed Forces of the Philippines criticized the Chinese embassy for allegedly distorting facts about a raid on a steel firm in Misamis Oriental. The military emphasized the operation was legitimate, led by law enforcement, and not targeted at any specific nationality.
Cebu Pacific will resume direct international flights from Iloilo to Bangkok and Singapore starting November 23 with thrice-weekly schedules. This move is part of the airline's effort to revive its international network, which was previously scaled down for fuel consumption management, focusing on provincial hubs.
The Land Transportation Office (LTO) in the Philippines will begin impounding vehicles with unauthorized improvised license plates starting September 1. This intensified crackdown follows incidents involving fake plates, including one with a celebrity owner.
The Department of Labor and Employment (DOLE) has urged a Pasig court to lift the preliminary injunction halting an P85 minimum wage increase in Metro Manila. Employers cite concerns for micro and small enterprises, while economic experts also express apprehension.
The Department of Information and Communications Technology (DICT) in the Philippines is allocating nearly P29 million to deploy satellite internet in 85 indigenous communities nationwide. This initiative, part of the 'Free WiFi for All' program, aims to bridge the digital divide and enhance public service delivery.
Eight Filipino seafarers have returned to Manila after their vessel, the Marshall Islands-flagged M/V Breadfan, was hit by a drone near Russia. The Philippine government has pledged assistance to seafarers affected by similar incidents in the Black Sea.
E-wallet giant GCash has partnered with EMCOR, Mindanao's largest retailer, to introduce digital payment options like scan-to-pay and installment plans across its 174 branches, aiming to boost cashless adoption in the region.
Authorities in Cagayan de Oro City, Philippines, have seized mining equipment valued at P28 million from an illegal mining site. While workers fled, the investigation into those behind the operation is ongoing.
The Court of Appeals has ruled that the Manila International Airport Authority (MIAA) is not liable for damages following the cancellation of the Panglao Airport project in Bohol, exempting it from paying P386 million to a joint venture.
The Metro Manila Council (MMC) is considering a unified "single-ticketing system" to combat littering across the region, prompted by the link between waste and flooding. This initiative stems from the recognition that garbage transcends administrative boundaries.
The Philippine Stock Exchange (PSE) anticipates significantly exceeding its 2026 capital raising target by approximately 20 percent. Major IPOs from Vitro REIT and Mynt, the parent company of GCash, are expected to be key drivers.
The Philippine Institute of Volcanology and Seismology (Phivolcs) reported a significant increase in sulfur dioxide (SO2) emissions from Mayon Volcano. This surge suggests a potential for renewed eruptive activity, with the volcano remaining at Alert Level 2.
Authorities seized shabu worth P2 million and high-grade marijuana valued at P8,500 in San Fernando City, Pampanga, leading to the arrest of two suspects. Police are investigating potential links to a robbery-extortion syndicate (RES).
Despite progress in poverty reduction, high inflation and slowing economic growth are complicating efforts to reach the Philippines' single-digit poverty rate target by 2028. Lower-income households are disproportionately affected by rising food and energy prices, making purchasing power protection and job creation urgent priorities for the government.