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Banks signal stable lending standards and growing loan demand for Q3 2023

The various banks are set to keep their lending standards mostly unchanged through the third quarter of 2026, pointing to a resilient banking system that remains well-positioned to drive economic growth despite ongoing geopolitical uncertainties.

News Dispatch

Agriculture

Gov’t seeks to turn local farm goods into premium global brands

The Philippines is moving to turn its top farm and fishery goods into well-regarded global brands, as the Department of Agriculture (DA) and the Intellectual Property Office of the Philippines (IPOPHL) sign a renewed partnership to help producers earn better prices, grow local sales, and strengthen overseas shipments. Signed on Wednesday, the updated Memorandum of Understanding (MoU) revises an earlier deal from 2018 and centers on geographical indications (GIs) as a key part of the administration’s drive to build a more competitive, value-focused, and export-driven agri-fishery sector.

DA launches P22-M seaweed biotech facilities in Sorsogon

The Department of Agriculture has opened the country’s first seaweed biotechnology facilities worth P22 million at BFAR’s National Seaweed Technology Development Center in Sorsogon.

BFAR steps up danggit or rabbitfish production nationwide

The Bureau of Fisheries and Aquatic Resources (BFAR), under the Department of Agriculture, is pushing to expand the culture of samaral or siganids, more commonly known as rabbitfish, as a key part of plans to diversify the country’s aquaculture sector and generate more stable livelihoods for fisherfolk and fish farmers. In a statement released Tuesday, the agency noted that samaral is a highly promising species supported by proven farming methods, rising output, and a ready existing market of consumers.

DA steps up fight vs RSSI threatening sugar industry

The Department of Agriculture and the Sugar Regulatory Administration are ramping up efforts to contain an outbreak of the red-striped soft scale insect that endangers sugarcane crops, especially across Negros Island and Western Visayas.

Corporate

Ayala Land leads Philippine winners at regional HR awards

Ayala Land Inc. emerged as the biggest Philippine winner at the 2026 Human Capital Awards Southeast Asia, reflecting the growing role of talent strategy and workplace innovation as competitive advantages beyond traditional business metrics.

AEV first half net income 62% to P13.6 billion led by power segment

Aboitiz Equity Ventures Inc. reported a 62 percent jump in first-half net income to P13.6 billion from P8.38 billion a year earlier, driven mainly by a stronger power business. Second-quarter earnings alone grew 40 percent to P7.3 billion.

Globe’s Hapag Movement wins two international awards, exceeds hunger relief targets

Globe’s Hapag Movement, its nationwide drive to end involuntary hunger, has taken home two honors at the Marketing Interactive PR Asia Awards in Singapore.

Philex Mining trims first-half loss on strong second quarter recovery

Philex Mining Corporation narrowed its consolidated net loss to P200.37 million for the first six months of 2026, a marked improvement from the P592.48 million net loss posted in the first quarter alone, as solid performance in the April to June period offset earlier setbacks.

Banking & Insurance

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Corporate Bulletins

Ayala Land leads Philippine winners at regional HR awards

Ayala Land Inc. emerged as the biggest Philippine winner at the 2026 Human Capital Awards Southeast Asia, reflecting the growing role of talent strategy and workplace innovation as competitive advantages beyond traditional business metrics.

Globe’s Hapag Movement wins two international awards, exceeds hunger relief targets

Globe’s Hapag Movement, its nationwide drive to end involuntary hunger, has taken home two honors at the Marketing Interactive PR Asia Awards in Singapore.

GoTyme ties up with PSA for National ID system link

GoTyme Bank has partnered with the Philippine Statistics Authority to become one of the first local banks to connect directly to the National ID Authentication Services. This integration lets customers open accounts in as fast as five minutes without scanning or uploading physical papers. Instead, they may use their PhilSys ID QR code, card number, or basic name and birth details for real-time, official checks. The move removes common hurdles that keep many Filipinos from accessing banking services, supporting the bank’s goal of easier, more inclusive finance for all.

Salmon Finance gets Silver Global Client Protection Certification

Salmon Finance has earned the Silver Level Client Protection Certification under international Cerise+SPTF standards, following an independent review by MicroFinanza Rating.

Social Responsibility & Sustainability

Jollibee Group Foundation’s farmer-led agri-tech initiative wins top CSR recognition

The Jollibee Group Foundation (JGF) has been conferred the Outstanding CSR Project in Enterprise Development award at the 2026 League of Corporate Foundations CSR Guild Awards for its Agri-Tech Facilitators (ATF) Program, an initiative centered on the principle that agricultural innovation delivers lasting impact when driven by farmers themselves.

Food banking seen boosting Philippines’ disaster preparedness, resilience

As stronger typhoons and other climate-related disasters threaten food security, Rise Against Hunger Philippines (RAHP) is pushing for a stronger nationwide food banking system, saying it can help communities recover faster while reducing hunger and food waste.

Converge launches youth tech program to close digital skills gap

Converge ICT Solutions Inc. has launched a new initiative to equip underserved Filipino youth with technology skills, as the country pushes forward with digital transformation.

Jollibee Danao plant earns landmark green building certification 

The Jollibee Group has set a new benchmark for sustainable manufacturing after its Danao Commissary in Cebu became the first manufacturing facility in the Philippines to receive LEED certification for Interior Design and Construction (ID+C), signaling that industrial plants can pursue ambitious environmental goals without sacrificing operational efficiency.

Markets

Tala loans fuel growth for Filipino microbusiness owners

Accessible digital credit is becoming an increasingly important growth tool for the country's smallest entrepreneurs, with one in four Tala borrowers in the Philippines now using their loans to build or expand small businesses.

Shopee sharpens MSMEs focus with smarter seller tools

Shopee Philippines is sharpening its focus on helping Filipino micro, small and medium enterprises (MSMEs) grow online, expanding seller support programs as competition intensifies in the country's fast-growing e-commerce market.

Peso weakness, stock volatility test Philippine markets ahead

The Philippine financial markets are entering another week with little room to breathe as the peso hovers near record lows and local stocks brace for another bout of volatility. 

PSEi rally gains steam as stable peso lifts outlook

The stock market could be entering a stronger recovery phase after the Philippine Stock Exchange index (PSEi) broke through key resistance levels, with a stable peso adding to optimism that local equities can sustain their recent gains despite inflation concerns and geopolitical risks.

Travel

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Energy

Malampaya gas deal to cut power costs by September

Prime Energy will begin supplying indigenous Malampaya natural gas to the 1,200-megawatt Ilijan Power Plant in September, a move expected to lower electricity costs by reducing the plant's dependence on more expensive imported fuel.

Kansai Electric invests in Philippine hydropower storage project

Japanese utility Kansai Electric Power Co. is betting on the Philippines' clean energy transition, acquiring a stake in the 600-megawatt Wawa Pumped Storage Hydropower Project in Rizal as demand grows for technologies that can stabilize an increasingly renewable-powered grid.

YGC unit taps Lopez Group for Batangas-Laguna exploration project

Maibarara Geothermal Inc. (MGI) has signed a deal with Lopez Group affiliate ThermaPrime Drilling Corp. to carry out exploratory drilling across Batangas and Laguna from 2026 to 2027. Led by the Yuchengco group, MGI said the work will check untapped areas for possible new geothermal power facilities. The project will involve up to four wells drilled to depths of up to 3,000 meters, with operations set to begin in October this year and finish by May 2027. MGI currently runs a 32-megawatt geothermal plant in Batangas.

DOE targets electricity theft to cut power bills as Meralco warns of massive losses

The Department of Energy is eyeing immediate measures to curb electricity pilferage as part of the government’s push to remove system loss charges from consumer bills, though major industry players warn the plan could carry a massive price tag.

Transport & Communications

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Property

AI reshapes Metro Manila office leasing as firms pause

Metro Manila's office market entered a wait-and-see phase in the first half of 2026 as companies delayed leasing decisions to reassess how artificial intelligence will reshape their workplace needs, although demand continued to favor premium office buildings in prime business districts.

IWG opens new workplaces across PH

International Workplace Group, or IWG – the world’s largest workspace platform behind brands like Regus and Spaces – will open five new locations nationwide this year, including its first Humanly center in the country.

MREIT earnings climb as dividends rise on expansion

MREIT Inc., the real estate investment trust backed by Megaworld Corp., posted a robust first-half performance as recent acquisitions, higher occupancy, and tighter cost controls combined to lift earnings and support bigger shareholder payouts despite a challenging operating environment.

Ayala, Yuchengco projects get boost from lifted IT ban

At least five major office developments, including projects of Ayala Land Inc. and companies under the Yuchengco Group, are set to move closer to securing PEZA incentives after the government lifted the seven-year moratorium on new Information Technology (IT) Parks and IT Centers in Metro Manila.

Environment

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Technology

Pax Silica project seen creating 500,000 digital jobs

The Department of Information and Communications Technology (DICT) says the proposed Pax Silica initiative could generate between 180,000 and 500,000 digital and digital-related jobs, as the Philippines emerges as a top choice for artificial intelligence and data center investments.

Temasek-backed deal lifts Philippine AI startup ambitions

A strategic investment by Singapore's Temus in Filipina-founded Thinking Machines Data Science is reinforcing investor confidence in Philippine-built artificial intelligence, as demand for enterprise AI solutions accelerates across Southeast Asia.

GCash pushes AI adoption as cyber risks rise 

Artificial intelligence is reshaping industries worldwide, but Philippine businesses are still lagging in adoption, prompting GCash to rally government, regulators and the private sector behind a faster, safer digital transformation.

ASEAN digital pact seen boosting Philippine tech growth 

Trade Secretary Cristina A. Roque said the landmark ASEAN Digital Economy Framework Agreement (DEFA) could reshape regional commerce by lowering barriers to cross-border digital trade, opening a larger market for Philippine businesses and accelerating Southeast Asia's digital economy into a multi-trillion-dollar growth engine.

Health & Science

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Opinion

Eala stuns Zheng, handshake steals spotlight online

For all the breathtaking rallies Alex Eala and Zheng Qinwen produced in Washington, the most replayed moment lasted about two seconds. It wasn't Eala's fearless comeback. It wasn't Zheng's unraveling. It was...the handshake.

System loss: who should foot the bill? 

President Ferdinand Marcos Jr.'s proposal to amend the Electric Power Industry Reform Act (EPIRA) and remove system loss charges from electricity bills is a political winner. After all, who wants to pay for power that never reaches the socket?

Pax Silica pits silicon dreams against sovereignty concerns

Pax, the Roman goddess of peace, was often portrayed carrying an olive branch. Ironically, her modern namesake has arrived carrying semiconductor blueprints, investment pledges—and a healthy dose of controversy.

Elon Musk learns trillion-dollar fortunes can wobble

Elon Musk has just misplaced about USD260 billion. Before anyone starts a crowdfunding campaign, though, he's still worth an estimated USD745 billion—comfortably enough to remain the world's richest person.

Sports & Entertainment

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Exclusive

Visayas roots, Singapore routes: Top Line redraws its map

Singapore is no longer just a distant dot on Top Line Business Development Corp.’s growth chart. It has become a very literal marker of how far the company has travelled in 12 years, from a Visayas-based real estate developer to an emerging energy player now thinking in global supply routes.

Sunlight Air chooses precision over size aloft

In an aviation industry often driven by scale and speed, Sunlight Air is taking a more measured route. The boutique carrier is building its business around efficiency, discipline, and destination depth, convinced that smarter operations can deliver both commercial returns and environmental gains.

PSAC urges stronger funding for Philippines startups 

The Private Sector Advisory Council is raising a clear warning. In a recent meeting with the Department of Trade and Industry, PSAC said the Philippine startup scene is slipping behind Southeast Asian peers, not for lack of ideas but for lack of capital that actually moves.

Tariffs rattle, AI thrives: Gruppo EMS builds ahead 

Amid escalating US-China trade tensions and renewed tariff uncertainty from Washington, EMS Group of Companies is expanding production, accelerating its push into artificial intelligence hardware, and positioning the Philippines as an increasingly strategic alternative manufacturing base for global electronics firms.