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Central bank projects continued dollar shortfall through 2027 amid global headwinds

The Bangko Sentral ng Pilipinas expects the country to spend significantly more dollars than it receives over the next two years, projecting a balance of payments deficit of $9.2 billion in 2026 and $8.5 billion in 2027.

News Dispatch

Agriculture

DA expands Isabela LGU tie-up to boost ube production, raise farmer incomes

The Department of Agriculture is strengthening its partnership with local government units and private stakeholders to scale up ube production, meet rising global demand, and create more export opportunities for Isabela farmers.

DA chief pushes ASEAN Integration, highlights “Big Brother” mentorship to empower farmers

Agriculture Secretary Francisco P. Tiu Laurel Jr. underscored the critical need for regional cooperation and enhanced market linkages to secure food supplies across Southeast Asia.

Philippines targets $57 million agri-investments at Rome forum

The Philippines is pitching for more than $57.4 million in new investments across five key farm and food sectors at this week’s Hand-in-Hand Initiative Investment Forum in Rome, according to the Food and Agriculture Organization (FAO). The push builds on the country’s first national investment forum held in March, and marks a major shift toward drawing in private and international financing instead of relying only on traditional aid.

NFA cites funding gap in meeting 15-day rice buffer stock target

The National Food Authority (NFA) is struggling to meet the government’s 15-day rice buffer stock requirement as stagnant funding, limited storage and inadequate logistics constrain its ability to buy more palay from Filipino farmers.

Corporate

GSIS opens new Dagupan branch

The Government Service Insurance System or GSIS has opened its new Dagupan branch, replacing the old facility that had served the province since 1961. The new office at Cityscape Lifestyle Center is flood-free, more spacious, and modern, serving over 73,000 members and pensioners across Pangasinan.

Ayala Land’s Vermosa earns top green district certification

Ayala Land’s 752-hectare Vermosa estate in Cavite has received the highest rating under the Philippine Green Building Council’s (PHILGBC) BERDE Districts certification system, adding a sustainability credential to its bid to establish itself as a major residential and commercial growth center south of Metro Manila.

SEC delegates Green Equity Label to PSE for streamlined, internationally aligned framework

The Securities and Exchange Commission has officially moved the power to grant the Philippine Green Equity Label to the Philippine Stock Exchange, aiming to simplify procedures and bring local practices in line with global standards.

Recycled plastic chairs donated to Misamis Occidental school

Discarded plastic waste has found new purpose at Clarin Elementary School, where 50 brand-new classroom chairs made entirely from recycled materials were turned over to students this week.

Banking & Insurance

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Corporate Bulletins

GSIS opens new Dagupan branch

The Government Service Insurance System or GSIS has opened its new Dagupan branch, replacing the old facility that had served the province since 1961. The new office at Cityscape Lifestyle Center is flood-free, more spacious, and modern, serving over 73,000 members and pensioners across Pangasinan.

Ayala Land’s Vermosa earns top green district certification

Ayala Land’s 752-hectare Vermosa estate in Cavite has received the highest rating under the Philippine Green Building Council’s (PHILGBC) BERDE Districts certification system, adding a sustainability credential to its bid to establish itself as a major residential and commercial growth center south of Metro Manila.

Manulife Philippines named HR Asia Best Employer

Manulife Philippines has been recognized as one of HR Asia’s 2026 Best Companies to Work for in Asia, also taking home the Tech Empowerment Award and People Transformation Award.

BPI wins honors at Alpha Southeast Asia Awards 2026

The Bank of the Philippine Islands (BPI) earned eight top awards at the Alpha Southeast Asia Awards 2026, one of the region’s most prestigious financial honors.

Social Responsibility & Sustainability

Recycled plastic chairs donated to Misamis Occidental school

Discarded plastic waste has found new purpose at Clarin Elementary School, where 50 brand-new classroom chairs made entirely from recycled materials were turned over to students this week.

BDO Foundation expands digital access for 20,000 learners 

More than 20,000 learners and 700 educators across 13 schools and learning institutions now have greater access to digital tools through more than 180 desktop computers and laptops donated by BDO Foundation.

Tau Omega Mu to hold CamSur free medical, vet clinics Oct. 24-25 

The Tau Omega Mu Fraternity and Ladies Circle (TOM), in coordination with partner healthcare professionals, local government units, and civic organizations, will hold a series of free medical and veterinary clinics in the towns of Siruma, Pili, and Tigaon in Camarines Sur from Oct. 24 to 25, 2026.

Globe, Taguig train seniors on digital safety amid rising cyber fraud

The program responds directly to growing cyber risks targeting older Filipinos. CICC data shows consumer fraud was the top complaint among seniors in 2025, with this group uniquely vulnerable to phishing, smishing, investment scams, “budol” tactics, romance fraud, and deceptive offers.

Markets

Stocks face cautious trading as inflation, rate risks mount

Philippine equities are likely to remain volatile this week as accelerating inflation, peso weakness and mounting expectations of monetary tightening weigh on sentiment, tempering optimism over corporate earnings and potential new stock market listings.

Forensic accounting connects the dots

Forensic accounting is where spreadsheets lose their innocence, receipts acquire personalities, and money is asked to explain where it has been hiding.

GCash shares start as few as 100 shares or only P660 for retail investors

Mynt Inc., GCash’s operator, lets the public buy shares for as low as 100 shares — just P660 at P6.60 apiece — far lower than the usual 1,000-share minimum for small investors.

Depressed valuations could drive Philippine stocks higher

Philippine equities may be approaching a potential re-rating as depressed valuations increasingly reflect concerns over elevated borrowing costs, peso weakness and a fragile domestic macroeconomic backdrop. With the broader market trading at roughly eight times earnings, valuations suggest investors are pricing in substantial pessimism, creating room for upside if economic conditions stabilize and confidence improves.

Travel

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Energy

September WESM prices rise 3.1% nationwide, set to reflect in October bills

Electricity prices at the Wholesale Electricity Spot Market climbed 3.1 percent in September, according to the Independent Electricity Market Operator of the Philippines. The Independent Electricity Market Operators of the Philippines or IEMOP reported Tuesday that the national average hit P7.43 per kilowatt-hour as of September 25, up from August’s P7.21 per kWh. It said the rates will be used to calculate spot-market electricity costs billed this October.

Semirara Mining claims DOE bidding rules block participation, threaten coal supply and public revenues 

Semirara Mining and Power Corporation (SMPC) has criticized the Department of Energy (DOE) over auction rules governing the Semirara coal mine, claiming that procedural flaws and onerous conditions effectively prevent the long-time operator from participating in the bidding process.

Meralco raises October electricity rates by ₱0.32 per kWh after consecutive price cuts 

Following back-to-back price cuts in previous months, the Manila Electric Company (Meralco) on Monday announced an electricity rate increase of ₱0.3191 per kilowatt-hour (kWh) for October. The adjustment pushes the overall rate for a typical household to ₱15.0615 per kWh, up from ₱14.7424 per kWh in September.

Alsons Power accelerates renewables as Mindanao supply tightens

Alsons Power Group is accelerating its renewable energy expansion as Mindanao confronts a narrowing electricity supply buffer, with projections pointing to the potential exhaustion of excess generation capacity by 2028 amid sustained demand growth.

Transport & Communications

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Property

Rockwell joins expanded 4PH to widen homeownership access

Rockwell Land Corp. has joined the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, agreeing to offer preferential housing prices and incentives to qualified Pag-IBIG Fund members as the administration seeks to widen access to homeownership among working- and middle-class Filipinos.

Ayala Land’s Vermosa earns top green district certification

Ayala Land’s 752-hectare Vermosa estate in Cavite has received the highest rating under the Philippine Green Building Council’s (PHILGBC) BERDE Districts certification system, adding a sustainability credential to its bid to establish itself as a major residential and commercial growth center south of Metro Manila.

Haus Talk targets 1,500 housing units in Batangas expansion

Listed property developer Haus Talk Inc. (HTI) is expanding its residential footprint in Southern Luzon, planning to develop more than 1,500 housing units on two properties in Batangas as it seeks to capture demand from economic and mid-market homebuyers.

CLI sells nearly 70% of Casa Mira project in Ormoc

Cebu Landmasters Inc. has sold nearly 70 percent of the units at its Casa Mira Prime Ormoc housing development within two weeks of its public launch, extending the Visayas-based developer’s run of strong sales in the Leyte city.

Environment

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Technology

President Marcos taps SSS chief De Claro to lead DICT

President Ferdinand Marcos Jr. on Tuesday, October 13, appointed Social Security System (SSS) President and Chief Executive Officer Robert Joseph de Claro as secretary of the Department of Information and Communications Technology (DICT), tapping an executive with experience in digital banking and financial services to lead the government’s technology agenda.

Refurbished device rules won’t kill second-hand market – NTC

The National Telecommunications Commission (NTC) has issued proposed guidelines governing the importation and sale of refurbished mobile devices, clarifying that the framework is not intended to do away with the existing second-hand market, but rather to safeguard consumers while maintaining access to more affordable technology.

Philippines semiconductor industry eyes gains from AI boom

The Philippines is positioned to attract fresh semiconductor investments as surging demand for artificial intelligence (AI), electric vehicles and advanced computing drives manufacturers to expand production and diversify supply chains across Asia Pacific.

Globe proposes national utility resiliency plan

Globe is calling for a National Utility Resiliency Plan that treats telecom restoration as a top priority alongside power and other essential services during disasters.

Health & Science

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Opinion

The trouble with counting medals

Filipinos have a curious relationship with the medal table. We like to see our flag climbing it, preferably past countries with larger populations, bigger budgets, and considerably more athletes. We count golds, compare totals, calculate rankings, and wonder whether we could have done better. A silver medal is celebrated, of course, but not before someone observes that it could have been a gold.

Forensic accounting connects the dots

Forensic accounting is where spreadsheets lose their innocence, receipts acquire personalities, and money is asked to explain where it has been hiding.

Pompano, inflation and the art of voting

Where I live, Thursday mornings are dedicated to the ritualistic pilgrimage to the local talipapa, a humble expedition to secure a week’s worth of sustenance for the household. Our modest needs are dictated less by appetite and more by the pragmatic demands of advancing age. Reaching for a favorite, I inquired about the price of a kilo of pompano—a fish that, not so long ago, went for a respectable ₱440.

The car can help, but it cannot drive for you

Cars have become remarkably good at worrying about us. They can warn when we are drifting out of a lane, tell us when another vehicle has entered our blind spot, apply the brakes when we fail to notice something ahead, and, in some cases, even keep themselves pointed in the right direction while traffic crawls along. It is an extraordinary development, particularly in a country where driving is akin to participating in a live-action negotiation with several hundred strangers. The problem is that the smarter the car becomes, the greater the temptation for us to become slightly less smart ourselves.

Sports & Entertainment

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Exclusive

iPeople targets 200,000 students with global expansion push

iPeople, the listed Yuchengco-Ayala education joint venture, is pursuing an expansion strategy built around international partnerships, new campuses and facilities, sustainability-focused programs, and deeper artificial intelligence integration as it aims to nearly triple its student population to 200,000.

Vivant Water sees 2026 as launchpad for bigger growth 

Vivant Water is treating 2026 as a pivotal year as it moves from building its presence across the water industry to scaling operations, investments, and its project pipeline.

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.