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Philippine economy slows further in Q3 as investment falters

The Philippine economy lost further momentum in the third quarter as higher consumer prices, declining agricultural output, and weak investment weighed on domestic activity, leaving services as the principal source of growth.

News Dispatch

Agriculture

DA lifts poultry import ban on Germany

The Department of Agriculture has lifted its temporary ban on poultry imports from Germany, effective November 4, after confirming the country is free from highly pathogenic avian influenza. The World Organization for Animal Health has also recognized Germany as disease-free, with DA assessing import-related risk as negligible. Resuming trade will ease local supply constraints, though all biosecurity and quarantine rules remain in effect.

Temporary pork import ban may extend beyond 60 days if needed 

The Department of Agriculture announced Monday that its new 60-day temporary restriction on pork imports could be extended beyond the initial period if conditions warrant, stressing that the government must balance the interests of local producers, consumers, and meat processors. Agriculture Secretary Francisco Tiu Laurel Jr. confirmed the possibility of extending the measure, drawing parallels with last year’s rice import ban, while noting that careful consideration is needed to avoid undue impact on meat prices and supply ahead of the Christmas season.

DTI, IFAD explore RAPID extension to complete rural investments

The Department of Trade and Industry (DTI) and the International Fund for Agricultural Development (IFAD) are considering extending the RAPID Growth Project to complete outstanding investments and strengthen rural enterprises before the initiative’s scheduled closure in mid-2027.

DA grants FTI 25-year rights over Quezon land for mega food hub

The Department of Agriculture has granted Food Terminal Inc., or FTI, a 25-year usufruct right to use 30 hectares of government land in Tiaong, Quezon, clearing the way for the development of a major new facility designed to boost the country’s food supply chain.

Corporate

Wilcon Depot net income dips 6% over nine months amid weather and inflation pressures

Wilcon Depot Inc. reported a 6 percent decline in net income for the first nine months of 2026, falling to P1.63 billion from P1.75 billion in the same period last year, as challenging weather conditions and macroeconomic headwinds slowed its third-quarter earnings momentum.

EastWest leader honored as PMAP People Manager Exemplar

Lawyer Juan Alfonso “Alfie” D. Suarez, Chief People, Corporate Services and Sustainability Officer of EastWest, has been named a People Manager Exemplar by the People Management Association of the Philippines (PMAP). The award celebrates his more than three decades of championing people-centered growth, building strong leadership pipelines, and creating positive workplace cultures.

Business trust remains fragile, real estate ranks last

Philippine businesses scored 72 out of 100 in the country’s first Business Trust Index, barely clearing the stability threshold, with real estate emerging as the least trusted of nine sectors surveyed.

Ayala Corporation marks 50 years on the Philippine Stock Exchange

Ayala Corporation commemorated 50 years of public listing at the Philippine Stock Exchange on November 9, reaffirming its commitment to long-term value creation and national development through operational efficiency, disciplined investment, and global partnerships.

Banking & Insurance

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Corporate Bulletins

EastWest leader honored as PMAP People Manager Exemplar

Lawyer Juan Alfonso “Alfie” D. Suarez, Chief People, Corporate Services and Sustainability Officer of EastWest, has been named a People Manager Exemplar by the People Management Association of the Philippines (PMAP). The award celebrates his more than three decades of championing people-centered growth, building strong leadership pipelines, and creating positive workplace cultures.

Equinix bets on Go-Catane to expand Philippine business

As demand for cloud computing and artificial intelligence reshapes the digital infrastructure market, Equinix is turning to a seasoned technology executive to steer its next phase of growth in the Philippines.

Business journalism gains importance as public trust erodes, JAZA says

With only three in every 10 Filipinos trusting news most of the time and more than half avoiding it when they can, Ayala Corp. Chairman Jaime Augusto Zobel de Ayala has urged businesses and media to work together to restore public confidence in institutions, stressing the importance of independent journalism in shaping economic decisions and holding powerful players accountable.

City of Dreams Manila named top travel and leisure employer in Philippines’ Best Employers 2027

City of Dreams Manila has taken first place in the Travel and Leisure category and placed 53rd overall among 300 companies in the Philippines’ Best Employers 2027, a study by the Philippine Daily Inquirer and Statista.

Social Responsibility & Sustainability

Gab Mejia brings Filipino storytelling to Muhammad Ali honors

A camera can do more than capture a beautiful landscape. In the hands of Filipino photographer Gab Mejia, it can also turn the world’s uncomfortable truths into images difficult to ignore.

Mindanao farmers get FarmTech boost, bridging digital gap in agriculture

Farmers belonging to the LIBADATATAMA Irrigators Association in Oroquieta City, Misamis Occidental, now have easier access to modern farming knowledge and digital solutions through the FarmTech package recently turned over by the Department of Agriculture–Agricultural Training Institute Region 10. The initiative falls under the wider Digital Farmers Program, a partnership between DA-ATI, PLDT, and Smart Communications designed to bring digital inclusion to farming communities across the country.

BSP’s Project Shoebox Plus reaches Bacolod students, adds financial literacy support

The Bangko Sentral ng Pilipinas Employees Association, Inc. (BSPEAI) brought its community outreach initiative Project Shoebox Plus to Bata Elementary School 1 here on October 24, distributing school bags and learning materials to 100 students.

P&G, Red Cross expand disaster relief kit program nationwide

P&G Philippines and the Philippine Red Cross (PRC) are preparing 90,000 health and hygiene relief kits for disaster-prone communities, extending a partnership aimed at keeping essential supplies accessible when emergencies disrupt daily life.

Markets

Kris Aquino brings star power to Shopee’s 11.11 shopping spectacle

Shopee is adding a familiar dose of star power to its 11.11 shopping campaign, tapping Kris Aquino to headline a two-day livestream showcase packed with celebrity appearances, product launches, and shopping deals ahead of Christmas.

“Leadership readiness, stewardship key to sustaining family businesses” 

Family-owned enterprises grow strong not just through finances, but by preparing the next generation to lead and uphold core values while keeping pace with change — this was the shared message from Metrobank’s NextGen Leadership Circle, a forum nurturing future business leaders since 2019.

GDP, inflation cloud Philippine stocks and peso outlook

Philippine stocks and the peso face another testing week as investors weigh the third-quarter economic growth figures against stubborn inflation, with both developments likely to reinforce expectations of another interest rate hike before year-end.

National credit perception hits all-time highs

The Philippines has recorded its highest-ever credit perception score, reaching 75 out of 100 and up by 2 points from the previous year, according to the latest survey by TransUnion Information Solutions Inc.

Travel

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Energy

Yuchengco’s PetroGreen ties up with China’s Ming Yang in major Philippine offshore wind push

PetroGreen Energy Corp. (PGEC), the renewable energy unit of listed PetroEnergy Resources Corp. (PERC) led by the Yuchengco group, has entered a strategic partnership with China’s Ming Yang Smart Energy Group Ltd., one of the world’s top wind turbine makers, to advance offshore wind development in the country.

Sharp P16.80 per liter drop on gasoline prices starting Tuesday 

Gasoline prices will fall by a steep P16.80 per liter this week, with diesel going down by P4.10 per liter and kerosene by P3.70 per liter — the biggest reduction seen in recent weeks — as fuel companies implement the rollbacks starting Tuesday morning, the Department of Energy (DOE) confirmed on Monday.

Philippine nuclear ambitions face cost, safety, technology tests

The Philippines’ plan to introduce nuclear power will depend less on installed-capacity targets than on whether proposed projects can deliver affordable electricity, meet local demand, and satisfy stringent safety requirements, nuclear and energy experts said.

ERC approves mid-merit gas auction rules 

The Energy Regulatory Commission (ERC) has formally approved the implementing rules governing the Department of Energy’s Mid-Merit Natural Gas Capacity Auction Program, while also opening for public consultation a new secondary price cap designed to rein in excessive costs in the country’s reserve and ancillary services market.

Transport & Communications

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Property

SM Prime earnings fall 5% as housing slump hits sales

Weak residential demand, high borrowing costs, elevated inflation, and cautious buyers, dragged down SM Prime Holdings Inc.’s earnings by 5 percent to P35.4 billion in the first nine months, offsetting stronger rental income and growth in its mall and hospitality businesses.

SM Prime caps 2027 spending at P100B, freezes new office projects

SM Prime Holdings Inc. will keep its 2027 capital...

Pueblo de Oro highlights regional portfolio at Pag-IBIG national housing expo

Pueblo de Oro Development Corporation (PDO), under the ICCP Group, took part in the recent National Housing Expo hosted by the Pag-IBIG Fund at the SMX Convention Center, presenting its range of residential communities across Batangas and Pampanga to thousands of prospective homebuyers.

Ayala Land expects holiday mall boost from 250 new stores

Ayala Land Inc. (ALI) is counting on more than 250 new store openings in the fourth quarter to sustain mall leasing growth and capture stronger holiday spending, building on a 10-percent increase in revenue across its shopping center portfolio in the first nine months of 2026.

Environment

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Technology

Converge stays bullish on long-term growth, reports steady revenue rise despite economic headwinds 

Converge ICT Solutions Inc. remains confident in its long-term growth outlook, even as inflation, high energy costs and broader economic pressures continue to pose challenges, the company announced on Monday.

Ayala units extend services toll-free in boost to financial inclusion 

Starting November 5, 2026, Globe and TM subscribers can now use the BPI app without incurring mobile data charges, removing one of the biggest barriers to digital banking for millions of Filipinos.

“Trust is key to securing inclusive digital growth in PH”

At the GSMA Digital Nation Summit Manila 2026, Globe urged closer cooperation between government and private industry to build a digital economy rooted in trust and resilience.

Business journalism gains importance as public trust erodes, JAZA says

With only three in every 10 Filipinos trusting news most of the time and more than half avoiding it when they can, Ayala Corp. Chairman Jaime Augusto Zobel de Ayala has urged businesses and media to work together to restore public confidence in institutions, stressing the importance of independent journalism in shaping economic decisions and holding powerful players accountable.

Health & Science

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Opinion

The water doesn’t read the rankings

The trouble with seemingly nondescript sporting events is that somebody often has to explain why we should care. There are rankings to memorize, rivalries to understand, and statistics we pretend to have been following since childhood. Surfing has an efficient solution to this problem. Put the athletes in the water and let the ocean decide who deserves our attention. It has no interest in press releases, world rankings, or the opinions of people sitting comfortably on dry land.

Tuesday na naman: My wallet needs a rollback

I have had Tuesday volatility exhaustion for quite a while now. It’s a disease borne out of an alphanumeric that reads RA 8479, which, in plain language, is merely the Downstream Oil Industry Deregulation Act of 1998. “Merely,” of course, is doing a heroic amount of work.

The showroom is now in your pocket

Buying a car in the Philippines has traditionally involved three things: a dealership, a salesperson who calls you “Sir” or “Ma’am” with enthusiasm, and a calculator poised to reveal how much of your future salary you need to commit. There may also be coffee, a test drive, and a discussion about whether the free tint is really worth installing.

Food security is not a rice-growing contest

Filipinos have long treated food security and food self-sufficiency as though they were the same, as if a country that grows all the food it eats automatically has a well-fed population.

Sports & Entertainment

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Exclusive

FAST Logistics plots next leg beyond the truck

For FAST Logistics Group, the next leg of growth is not necessarily about moving more boxes faster. It is about making the entire journey work better.

The discipline behind SM’s 68 years in business

Building a business that lasts takes more than expanding into new markets. It requires sound decisions, careful management of risks, and the financial strength to withstand difficult periods.

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.