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Spot power prices drop 13% in July, lower utility bills expected 

Electricity prices at the Wholesale Electricity Spot Market (WESM) fell by 13.1 percent nationwide in July, driven by lower overall demand across the country. According to data released by the Independent Electricity Market Operator of the Philippines (IEMOP) during an online briefing, the national spot price dropped to an averaged P8.31 per kilowatt-hour (kWh) as of July 25, down from P9.56 per kWh in June.

News Dispatch

Agriculture

FPA files raps vs illegal fertilizer maker in North Cotabato

The Fertilizer and Pesticide Authority (FPA) has filed a criminal complaint against DQB Green Agricultural Products Trading owner Quiara Fabian Baterina for unauthorized fertilizer manufacturing in Makilala, North Cotabato.

Philippine farm output posts 2.9% growth in Q2

Philippine agriculture gathered momentum in the second quarter as all four major farm subsectors expanded, signaling a broader recovery that could bolster food supply and help temper inflation despite persistent climate and animal disease risks.

Private sector urged to boost meat industry resilience

CEBU CITY — Agriculture Secretary Francisco P. Tiu Laurel Jr. called on private businesses to take a bigger role in strengthening the country’s meat sector, saying government and industry must work together to secure food supplies, stabilize prices, and protect public health.

Davao durian shipped to Oman in new trial export

The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.

Corporate

Nickel Asia 1H 2026 net income surges 93% to P4.06B

Nickel Asia Corp. (NAC) reported a 93 percent rise in first-half 2026 attributable net income to P4.06 billion, up from P2.10 billion in the same period last year, it disclosed to the Philippine Stock Exchange on Thursday.

SM Prime racks up accessibility awards as inclusive design gains prominence

SM Prime Holdings Inc. strengthened its position as one of the country's leading advocates of accessible infrastructure after receiving 14 distinctions at the 31st Apolinario Mabini Awards, reflecting the growing importance of inclusive design in Philippine real estate.

URC 1H net income rises 10% on strong 2Q recovery

Universal Robina Corp. (URC), the food business of the Gokongwei group, reported Thursday that its net income for the first half ending June reached P6.91 billion, a 10 percent increase from the P6.27 billion recorded in the same period last year. Total revenues for the six-month period also rose 4 percent to P89.33 billion from P85.88 billion a year earlier.

Security Bank, Pays0 partner to streamline digital business payments

Security Bank has teamed up with licensed Electronic Money Issuer Pays0 Inc. to help businesses move funds quickly and reliably. The partnership was formalized in a July 28 agreement signed at Security Bank Centre in Makati City.

Banking & Insurance

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Corporate Bulletins

SM Prime racks up accessibility awards as inclusive design gains prominence

SM Prime Holdings Inc. strengthened its position as one of the country's leading advocates of accessible infrastructure after receiving 14 distinctions at the 31st Apolinario Mabini Awards, reflecting the growing importance of inclusive design in Philippine real estate.

Security Bank, Pays0 partner to streamline digital business payments

Security Bank has teamed up with licensed Electronic Money Issuer Pays0 Inc. to help businesses move funds quickly and reliably. The partnership was formalized in a July 28 agreement signed at Security Bank Centre in Makati City.

DICT, Globe mark major progess in Bayanihan SIM rollout

The Department of Information and Communications Technology and Globe continue to push forward with the Bayanihan SIM Project, hitting a key milestone in the government’s flagship drive to close the digital divide.

AIA Philippines, BPI AIA bag 4 Insurance Asia Awards 2026

AIA Philippines and its bancassurance arm BPI AIA won four honors at the 2026 Insurance Asia Awards in Singapore, recognizing work to expand insurance access, improve healthcare, and develop talent.

Social Responsibility & Sustainability

BDO partners with foundations to bring solar energy to indigenous communities in Quezon

Living without electricity or paved roads has been a lifelong reality for Liezel Sarmiento, a barangay councilor and member of the Dumagat-Remontado tribe in Sitio Cablao, Quezon.

Aboitiz Foundation expands Cebu community forest restoration work

Aboitiz Foundation is growing its partnerships with local groups across Cebu to boost community-led forest restoration under its CarbonPH climate initiative. Working with officials in Danao City and Balamban, the foundation is providing training and resources to help residents restore forests while building sustainable livelihoods.

BDO Foundation, ADDU launch scholarship and career program for needy students

More deserving young Filipinos from low-income families will get better access to higher education and stable jobs under a new partnership between BDO Foundation and Ateneo de Davao University.

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.

Markets

Retailers told to embrace AI without losing human touch

The Philippine Retailers Association (PRA) on Thursday urged businesses to accelerate their adoption of artificial intelligence while ensuring that technology complements, rather than replaces, the human connections that underpin customer loyalty.

DTI, DA tighten market checks to keep food prices fair

The Departments of Trade and Industry (DTI) and Agriculture (DA) have intensified joint market inspections to keep rice and other essential goods fairly priced, signaling closer government oversight as authorities seek to contain food inflation and protect consumers' purchasing power.

Markets await key data amid cautious investor outlook

Philippine financial markets are entering a pivotal week as investors weigh a heavy lineup of economic data, corporate earnings, and global developments that could shape sentiment and expectations for monetary policy.

Shopee, Iloilo forge MSME digital commerce program

Shopee Philippines and the Iloilo City government are shifting from one-off entrepreneurship training to continuous digital business development, launching a year-round program designed to help micro, small and medium enterprises (MSMEs) build sustainable online businesses.

Travel

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Energy

NPC activates P154-M power projects in Marinduque for better supply

The National Power Corporation (NPC) has energized a new 69-kilovolt transmission line and a 5-megavolt amperes substation linking Mogpog and Buenavista in Marinduque, aiming to improve power reliability across the island province.

Spot power prices drop 13% in July, lower utility bills expected 

Electricity prices at the Wholesale Electricity Spot Market (WESM) fell by 13.1 percent nationwide in July, driven by lower overall demand across the country. According to data released by the Independent Electricity Market Operator of the Philippines (IEMOP) during an online briefing, the national spot price dropped to an averaged P8.31 per kilowatt-hour (kWh) as of July 25, down from P9.56 per kWh in June.

Gold rally powers OceanaGold, doubling profits

OceanaGold (Philippines) Inc. more than doubled second-quarter profit as soaring gold prices more than compensated for lower production, highlighting how a buoyant bullion market continues to shield miners from operational headwinds.

Philippine energy grid plan targets lower power costs

The Philippine Chamber of Commerce and Industry (PCCI) is urging the government to pursue a nationwide energy grid linking the country's major islands, saying the decades-long project could lower electricity costs, strengthen energy security, and unlock more balanced economic growth across the archipelago.

Transport & Communications

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Property

DMCI expands into offices with Makati mixed-use project 

DMCI Project Developers Inc. (DMCI-PDI) is entering the commercial office market with its first office tower in Makati, broadening its property portfolio as demand increasingly shifts toward transit-oriented, sustainable workplaces despite a still-elevated vacancy environment.

Metro Manila office recovery favors early movers, green buildings 

Metro Manila's office market is showing signs of resilience despite slower leasing activity, with Colliers Philippines saying companies and landlords that move early on lease renewals, embrace flexible workspaces, and invest in sustainability will be best positioned as demand gradually recovers.

PH1 World tops off first expanded 4PH housing tower

PH1 World Developers has completed the first major construction milestone for its flagship project under the government's Expanded Pambansang Pabahay Para sa Pilipino (4PH) Program, signaling accelerating private sector participation in efforts to narrow the country's housing backlog.

Park Inn Bacolod turns sustainability into advantage

Park Inn by Radisson Bacolod is making sustainability and community engagement central to its growth strategy, five years after opening at the height of the pandemic.

Environment

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Technology

PSAC urges AI task force to prepare future workforce 

The Private Sector Advisory Council (PSAC) is urging the government to fast-track the country's artificial intelligence agenda, proposing a national task force and education reforms designed to equip Filipino workers for an economy increasingly shaped by AI and advanced technologies.

DICT seeks P18-B 2027 budget to expand digital services and infrastructure

The Department of Information and Communications Technology (DICT) is asking Congress for an P18-billion budget for 2027 to boost the country’s digital services and infrastructure.

AI could add $50.7B to PH economy by 2030

Artificial intelligence is projected to unlock US$50.7 billion in economic value for Philippine businesses by 2030, driving growth and competitiveness. While most firms have started using AI, 65 percent remain stuck in pilot stages due to gaps in infrastructure, system integration, and skilled talent.

Smart rolls out Apple Pay for load and bill payments starting Aug. 4

Smart Communications has launched Apple Pay for its subscribers, offering a fast, secure way to buy load and settle bills beginning August 4.

Health & Science

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Opinion

Alex Eala’s sweetest revenge spoke louder than cheers

Some victories earn ranking points. Others settle unfinished conversations. Alex Eala's...

Private prosecutor steals spotlight in VP impeachment trial

Courtroom dramas are supposed to be solemn affairs. Then Atty. Lorna Kapunan walked to the lectern and reminded everyone that wit can be just as effective as a legal citation.

Supreme Court ruling reels in Philippine seafood export risks

The Supreme Court's decision striking down Fisheries Administrative Order No. 266 has cast a wide net over the Philippines' fisheries sector, raising questions that reach well beyond the country's waters. 

MPBL game-fixing ban to reignite online betting debate

The Maharlika Pilipinas Basketball League has done what every sports league eventually must when confronted with game-fixing allegations: make an example of someone.

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.