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San Miguel Corporation (SMC) Chairman and CEO Ramon Ang has invested 25.68% in Lopez Inc. through his personal investment firm, raising corporate governance concerns due to potential conflicts of interest in the Philippine power market where both companies compete.
A low-pressure area (LPA) within the Philippine area of responsibility has a high probability of developing into a tropical depression within 24 hours, according to the state weather bureau PAGASA. Metro Manila continues to experience heavy rains from the southwest monsoon, exacerbating flood damage.
Two people, both students, were killed in a shooting at a high school affiliated with Ateneo de Zamboanga University in Zamboanga City, southern Philippines, on Tuesday. Authorities have confirmed the situation is under control, raising concerns about school violence following a similar incident in June.
A shooting at a high school affiliated with Ateneo de Zamboanga University in Zamboanga City, southern Philippines, resulted in two deaths, including the student gunman. Authorities have confirmed the situation is under control, marking the second school shooting incident in the country in less than two months.
Zamboanga City has urged the public to avoid spreading unverified information, rumors, photos, and videos following a shooting incident at Ateneo de Zamboanga Junior High School. City officials assured the situation is under control and called for cooperation with the police investigation.
The Philippine Senate has finally approved a bill strengthening the prohibition of patient detention in hospitals due to unpaid medical bills, thereby protecting the dignity and freedom of patients and their families.
A shooting incident at Ateneo de Zamboanga University in Zamboanga City, Philippines, on the morning of August 18 resulted in the deaths of two students, one of whom is reportedly the shooter. Authorities are investigating the full circumstances.
Cash remittances to the Philippines slowed to a 4-year low in June, growing only 1.7% year-on-year to $3.04 billion. This slowdown is attributed to the prolonged Middle East conflict and rising living costs abroad, potentially impacting domestic consumption and falling short of the full-year growth forecast.
The Philippines' Maharlika Investment Corp. (MIC) has indicated its potential role as a local joint venture partner for the US-led Pax Silica hub, actively exploring partnerships with foreign investors.
First Philippine Holdings Corp. (FPH) has rejected a proposal from US-based Kohlberg Kravis Roberts & Co. (KKR) to acquire an additional stake in its subsidiary, First Gen Corp. FPH stated the P35 per share offer did not reflect First Gen's "true value." The rejection led to a significant drop in First Gen's stock price.
AB Capital Securities maintains its Philippine Stock Exchange Index (PSEi) target at 6,000, citing that cheap valuations alone are insufficient to drive a sustained rally. The absence of foreign investors and sluggish corporate earnings growth are hindering a market recovery.
Shell Pilipinas Corp. reported a net loss of P2.7 billion in the first semester, a stark reversal from last year's profit, due to weakened demand and oil price volatility stemming from the Middle East war. While net sales rose, increased costs significantly impacted profitability.
ABS-CBN Corp. reported a more than doubled net loss of P1.83 billion in the first half, grappling with softer advertising revenues and a decline in events compared to the previous year's election period.
DoubleDragon Corp., a leading Philippine property developer, reported a 161.89% year-on-year surge in its first-half core net income to P2.41 billion. This growth reflects the company's strategic shift from asset disposal gains towards recurring operating revenues from leasing.
Baguio City government plans to designate the site of a deadly August 9 landslide as a 'no-build zone' due to high risks of further slope failure, prioritizing resident safety.
Philippine retailer SSI Group Inc. reported a nearly 40% drop in its first-half net income, despite double-digit sales growth, due to increased operating and financing costs. However, the second quarter showed signs of earnings improvement.
Philippine banks significantly surpassed their mandated 25% agricultural lending quota, with total financing for agriculture, fisheries, and rural development reaching P3.1 trillion in June. This marks the highest compliance rate despite persistent headwinds in the sector.
The Philippine Stock Exchange (PSE) anticipates sustained momentum in initial public offerings (IPOs) as companies continue to seek capital. However, market volatility and economic uncertainties are noted as factors that could affect the timing of fundraising plans.
Jorge Araneta, 90, chairman of the Araneta Group of Companies, received the '2026 Most Distinguished Alumnus Award' from the University of the Philippines Alumni Association (UPAA) for embodying 'the highest ideals of excellence and civic duty' and his lifelong contributions to social progress.
Metro Manila experienced widespread flooding on August 18, with a yellow rainfall warning issued by PAGASA. While some areas saw floodwaters recede, disruptions to transportation networks are a concern.
Heavy rains on Monday evening, Aug. 17, submerged parts of a road and nearby rice fields in Sitio Cawacat, Barangay Nasucob, Bulalacao, Oriental Mindoro. The road remains passable to light vehicles, but motorists are advised to exercise caution.
Heavy rains on Monday evening, August 17, caused widespread flooding in Iloilo City, Philippines. In response, city officials announced the suspension of in-person classes for all school levels on Tuesday, transitioning to Alternative Delivery Modes. Residents in Barangay San Nicolas, La Paz, were seen wading through ankle-deep floodwaters.
The Department of the Interior and Local Government (DILG) is requesting P332.5 billion for its 2027 budget, with the Philippine National Police (PNP) set to receive the largest allocation at P242.1 billion. This marks an increase for the PNP from the previous year, while some agencies face budget reductions.
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) is monitoring two low-pressure areas with the potential to develop into tropical cyclones. Monsoon rains continue to drench Luzon and Visayas, with heavy rainfall warnings issued for several areas.
The Bangko Sentral ng Pilipinas (BSP) governor anticipates a gradual easing of inflation in the medium term, while acknowledging persistent upside risks to consumer prices. The central bank stands ready to implement necessary measures to curb inflation.
Metro Manila recorded 201.7 millimeters of rain in just five hours on Monday, causing widespread flooding. This amount is equivalent to approximately 44% of the total rainfall from Tropical Storm Ondoy in 2009 over 24 hours. Further rainfall is expected Tuesday due to the southwest monsoon, prompting continued caution.
Citicore Renewable Energy Corp. (CREC) in the Philippines reported a 92% year-on-year surge in net income to P1.2 billion for the first half of the year, driven by the activation of new power plants. This marks a significant achievement as the company pursues expansion in the clean energy sector.
The Bangko Sentral ng Pilipinas (BSP) announced that digital payments reached 64.7% of total retail payments in 2025, meeting its target. This marks an increase from the previous year, with significant growth in digital payment accounts and merchant locations, bolstering the economy's overall digitalization.
The Catholic Educational Association of the Philippines (CEAP) suggests a three-term calendar can protect teaching and learning amid frequent class suspensions due to monsoons. It emphasizes curriculum triage and teacher adaptability as key to educational resilience.
The Philippine government will extend its fuel subsidy program for public utility vehicle (PUV) drivers until the end of the year, citing persistent volatile pump prices. This measure aims to alleviate income loss for drivers and mitigate impacts on public life.
Allegations of 'budget padding' have surfaced in the Philippines, where figures in the National Expenditure Program (NEP) are significantly reduced by the time they become the General Appropriations Act (GAA). Concerns are particularly high regarding foreign-assisted projects.
Malacañang denied that President Marcos discussed the 'leadership fund' with former DPWH Secretary Manuel Bonoan. Meanwhile, the Senate finance committee chairman vowed to ensure transparency in the budget process, pushing for open deliberations for the 2027 budget.
Senator-judge Erwin Tulfo has questioned a witness's switch from Tagalog to Bisaya during the impeachment trial of Vice President Sara Duterte, raising suspicions about the intent behind the language change during testimony concerning alleged misuse of confidential funds.
Senator Loren Legarda of the Philippines has again requested an extension of her medical leave abroad amidst an ongoing Ombudsman investigation into alleged anomalies in solar projects involving her and her son, temporarily suspending her senatorial duties.
The death toll from widespread flooding and landslides caused by an enhanced southwest monsoon in the Philippines has reached 27, with infrastructure damage exceeding P1.646 billion. Over 14,000 people are displaced, and recovery efforts are hampered by continuous rainfall.
Opposing lawyers in the Vice President's impeachment trial shared a hug before a hearing, seemingly bridging a 'generational divide' that had previously fueled courtroom tension.