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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

Upgraded Sual Fish Port to boost Northern Luzon fisheries

The newly rehabilitated Sual fish port is set to strengthen Northern Luzon’s fisheries value chain, the Department of Agriculture (DA) announced Thursday.

DA export overhaul gains ground as new strategy lifts farm trade

The Department of Agriculture is seeing early positive results from its major overhaul of the country’s agricultural export system.

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.

Corporate

PEMC, PERPI team up to improve electricity market operations

The Philippine Electricity Market Corp. (PEMC) and the Philippine Energy Research and Policy Institute (PERPI) have signed a three-year agreement to work together on studies aimed at making the country’s electricity market run better. The deal establishes a formal partnership for research, policy guidance and information sharing.

BSP Honors 15 Outstanding Partners in North Luzon

The Bangko Sentral ng Pilipinas recognized 15 outstanding institutional partners from North Luzon during its 2026 Outstanding BSP Stakeholders Appreciation Ceremony held in Baguio City today, July 30.

ICTSI secures MICT operations for another 25 years

International Container Terminal Services, Inc. (ICTSI) has extended its contract to run the Manila International Container Terminal (MICT) for another 25 years, keeping operations until May 2063.

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.

Banking & Insurance

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Corporate Bulletins

PEMC, PERPI team up to improve electricity market operations

The Philippine Electricity Market Corp. (PEMC) and the Philippine Energy Research and Policy Institute (PERPI) have signed a three-year agreement to work together on studies aimed at making the country’s electricity market run better. The deal establishes a formal partnership for research, policy guidance and information sharing.

BSP Honors 15 Outstanding Partners in North Luzon

The Bangko Sentral ng Pilipinas recognized 15 outstanding institutional partners from North Luzon during its 2026 Outstanding BSP Stakeholders Appreciation Ceremony held in Baguio City today, July 30.

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.

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

128-MW Tanay wind project starts delivering power to Luzon grid

Alternergy Holdings Corp. announced Thursday that its 128-megawatt wind facility in Tanay, Rizal, has generated electricity for the first time and fed it into the Luzon grid. The project is the first wind farm from the Department of Energy’s second Green Energy Auction to begin supplying power.

PEMC, PERPI team up to improve electricity market operations

The Philippine Electricity Market Corp. (PEMC) and the Philippine Energy Research and Policy Institute (PERPI) have signed a three-year agreement to work together on studies aimed at making the country’s electricity market run better. The deal establishes a formal partnership for research, policy guidance and information sharing.

DOE forms joint task force to lower electricity charges and remove extra charges

The Department of Energy (DOE) has established a new Joint Task Force alongside the Energy Regulatory Commission, the National Electrification Administration, and electric cooperatives to help remove system loss charges and related value-added tax from power bills. Energy Secretary Sharon Garin emphasized the administration's stance that consumers should only pay for the electricity they actually consume, rather than bearing the cost of losses they did not cause.

NEA releases P1.64 billion in loans to electric cooperatives in first half 2026

The National Electrification Administration (NEA) has disbursed P1.64 billion in loans to 23 electric cooperatives across the country for the first six months of 2026. This is 6.5 percent higher than the P1.54 billion released in the same period of 2025.

Transport & Communications

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Property

Housing approvals hit two-decade low, Colliers warns

The Philippines' housing pipeline is showing signs of strain, not because buyers have disappeared, but because fewer projects are making it through the regulatory process.

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.

Environment

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Technology

BPI calls for unified action vs cyber threats at 2026 CyberProtect conference

Amid more complex and linked online risks, the Bank of the Philippine Islands (BPI) has urged all sectors to work together to boost defenses against digital fraud. The call was made during its CyberProtect Conference held July 30 at Fairmont Makati with the theme “Defend as One: Building a United Front Towards Consumer Protection.”

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.

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.