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Overseas remittances surge to record 1H high of $3.04 billion in June

Overseas cash remittances hit a mid-year peak in June 2026, climbing to US$3.04 billion. Marking the highest monthly cash inflow recorded throughout the first half of the year, the performance underscored the robust foreign exchange earnings sent home through the formal banking networks. Seasonally adjusted personal remittances, encompassing both formal bank transfers and informal channels as well as in-kind support, mirrored this upward trajectory over the same period.

News Dispatch

Agriculture

DA backs new national ube association to boost industry, exports

The Department of Agriculture (DA) has welcomed the creation of United Ube PH Association Inc., a unified national group aiming to strengthen and expand the Philippine ube industry. Formed following a July meeting convened by Agriculture Secretary Francis Tiu Laurel Jr., the organization secured official registration with the Securities and Exchange Commission this month as a non-stock, non-profit entity. It unites farmers, cooperatives, processors, traders, exporters, researchers, and government representatives across Luzon, Visayas, and Mindanao.

Nestlé backs DA office for coffee sector growth, eyes more local sourcing

Nestlé Philippines has expressed optimism over the Department of Agriculture’s new dedicated office for coffee development, saying the unit will deliver stronger, more focused government support for the local industry.

Agriculture damage from monsoon, storms tops ₱1 billion

Damage to the agriculture sector from the southwest monsoon and Tropical Cyclones Luis and Maymay has surpassed P1 billion, according to the 7 a.m. advisory today from the Department of Agriculture’s Disaster Risk Reduction and Management Operations Center. The figure marks a sharp rise from the P689.66 million reported just last Thursday.

Clark Food hub accelerates, eyes partial operations before end- 2027

The Department of Agriculture is fast-tracking the Clark National Food Hub with the full backing of President Ferdinand R. Marcos Jr., moving the project from planning to construction.

Corporate

Manila Water scouts new sources as East Zone demand rises

Manila Water Co. is looking beyond its current water sources as rising demand and climate risks push the East Zone concession toward a more diversified and resilient supply portfolio.

Smart Infinity launches PH’s first annual roaming wallet ROAM+

Smart Communications has upgraded its Infinity Plans with ROAM+, the Philippines’ first annual roaming wallet giving members year-round international connectivity.

Adaptability key to leadership understanding in unpredictable  2026 — PLDT exec

In an era defined by fast-changing technology, shifting customer demand, and intense global competition, adaptability has emerged as the most vital quality for effective business leadership. This was a central topic during the panel discussion Decisions Under Pressure: How Leaders are Navigating 2026, held at the inaugural ACC CXO Forum in Hong Kong.

Security Bank CFO Yap named SME finance forum co-chair

Security Bank Chief Financial Officer JD Yap has been named one of four co-chairs of the newly launched East Asia and Pacific Regional Chapter of the SME Finance Forum, giving the Philippines a seat at the table in regional efforts to expand financing for micro, small, and medium enterprises.

Banking & Insurance

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Corporate Bulletins

Smart Infinity launches PH’s first annual roaming wallet ROAM+

Smart Communications has upgraded its Infinity Plans with ROAM+, the Philippines’ first annual roaming wallet giving members year-round international connectivity.

Adaptability key to leadership understanding in unpredictable  2026 — PLDT exec

In an era defined by fast-changing technology, shifting customer demand, and intense global competition, adaptability has emerged as the most vital quality for effective business leadership. This was a central topic during the panel discussion Decisions Under Pressure: How Leaders are Navigating 2026, held at the inaugural ACC CXO Forum in Hong Kong.

Security Bank CFO Yap named SME finance forum co-chair

Security Bank Chief Financial Officer JD Yap has been named one of four co-chairs of the newly launched East Asia and Pacific Regional Chapter of the SME Finance Forum, giving the Philippines a seat at the table in regional efforts to expand financing for micro, small, and medium enterprises.

PCPPI boosts disaster readiness with national preparedness webinar

Pepsi-Cola Products Philippines, Inc. (PCPPI), the exclusive bottler and manufacturer of PepsiCo beverages in the country, stepped up its focus on employee safety and emergency preparedness by hosting a national Disaster and Typhoon Preparedness Webinar on July 28, 2026. The virtual gathering united PCPPI team members, known as Bravehearts, from across the nation to share actionable guidance on identifying disaster risks, prepping for emergencies, staying updated on critical developments, and mounting effective responses during natural calamities.

Social Responsibility & Sustainability

Globe offers free roaming services in Indonesia after Flores Island quake

Following the magnitude 7.7 earthquake off Flores Island, Indonesia, Globe is extending free call, text, and data services to its customers in the country to support emergency communication. The quake caused widespread damage, landslides, power outages, and displacement, with rescue efforts still ongoing.

AmCham Philippines CSI Awards highlight sustainable business impact

Corporate social responsibility is moving beyond the occasional donation drive, with the American Chamber of Commerce of the Philippines (AmCham Philippines) using its 2026 Corporate Social Impact (CSI) Awards to spotlight programs that deliver measurable, sustainable benefits to communities.

McDonald’s expands crew training via employee creators

McDonald’s Philippines is expanding its Crew-ators employee creator program, giving restaurant crew members access to skills training, mentorship, and content creation opportunities beyond their regular roles.

SM Hotels turns training into second chances

SM Hotels & Conventions Corp. (SMHCC) is using hospitality training to help Persons Deprived of Liberty (PDLs) build skills, find jobs, and prepare for reintegration into society.

Markets

Markets brace for pressure as rate risks persist

Philippine financial markets may remain trapped in a cautious trading environment as investors balance hopes of global monetary easing with stubborn domestic inflation, currency weakness, and geopolitical uncertainty.

Peso, stocks brace for volatility as rate bets fade

Philippine markets may stay on edge as investors juggle Middle East risks, oil prices and the next move by the Bangko Sentral ng Pilipinas, but fading rate-hike bets are giving both the peso and stocks some breathing room.

AI transforms retail but fundamentals still drive growth

Artificial intelligence is rapidly reshaping Philippine retail, but technology alone will not determine which businesses succeed, according to venture capital firm Kickstart Ventures, which says disciplined execution and sound business fundamentals remain the strongest drivers of sustainable growth.

Retailers see modest growth amid rising costs, online rivals

Philippine retailers are bracing for another challenging year, with industry growth expected to remain in the single digits as higher operating costs, cautious consumers, and intensifying competition from online sellers continue to squeeze margins, according to the Philippine Retailers Association (PRA).

Travel

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Energy

Solane, PASCO help carinderias fight rising costs

Small food businesses are getting a practical boost as Solane and the Philippine Association of Sari-Sari Store and Carinderia Owners (PASCO) roll out a nationwide program designed to cut operating costs, improve kitchen safety, and make micro enterprises more resilient.

Meralco restores power to most Habagat-affected customers

Manila Electric Company (Meralco), led by Manuel V. Pangilinan, has restored electricity to nearly all customers affected by service interruptions caused by the enhanced southwest monsoon or Habagat, following around-the-clock efforts by its crews and field personnel.

Shell Pilipinas sees stronger second half ahead

Shell Pilipinas Corp. expects a stronger second half of 2026 as fuel demand recovers, commercial businesses remain resilient, and market volatility eases, even as competition in the Philippine fuel market intensifies.

ACEN sells 49% stake in India wind project

ACEN Corp. is bringing in a new partner for an Indian wind project as the Ayala-led renewable energy company continues expanding its footprint in one of Asia’s fastest-growing clean energy markets.

Transport & Communications

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Property

SM Cebu Arena seen driving property growth

SM Prime Holdings Inc. expects the SM Seaside Cebu Arena to replicate the growth impact of the Mall of Asia Arena, using the new venue to drive foot traffic, spending, and activity across its Cebu property portfolio.

MREIT eyes Uptown Bonifacio assets for 2027 Wave 6

MREIT Inc., the real estate investment trust of property giant Megaworld Corp., is positioning “crown jewel” properties in Uptown Bonifacio as the anchor of its planned Wave 6 asset infusion in 2027. 

Aboitiz eyes P7B LIMA investment as office demand grows 

Aboitiz Economic Estates is preparing to invest about P7 billion in LIMA Estate in Batangas as sustained demand for office space drives the expansion of its commercial business district.

BatStateU campus to support LIMA’s 250,000-job target

The new Batangas State University-LIMA Campus is being positioned as a key part of LIMA’s long-term plan to attract more investments and support up to 250,000 jobs as the Aboitiz-led economic estate expands beyond manufacturing.

Environment

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Technology

Globe Business boost financial institutions’ fraud defenses amid new anti-scamming law

As digital banking, e-wallets, and embedded finance transform financial access across the Philippines, Globe Business is equipping banks and financial firms with advanced, proactive security tools to meet requirements under the newly enacted Anti-Financial Account Scamming Act (AFASA), or Republic Act No. 12010.

DICT adopts Scam Watch Quad Model as national anti-scam strategy

The Department of Information and Communications Technology (DICT) will formally adopt the Scam Watch Pilipinas Anti-Scam Quad Model as the country’s official national strategy for anti-scam education and public awareness, establishing a unified framework to guide public action and cross-sector collaboration in preventing fraud.

Globe pushes unified policy on underground conduits to cut power thiefs, service disruptions

Globe Telecom is supporting national and local government efforts to create a single, unified policy for underground conduit infrastructure, aiming to curb rampant fiber cable theft that frequently disrupts internet and mobile services across the country.

OpenAI sees Philippines as key AI growth hub

OpenAI sees the Philippines emerging as a major artificial intelligence (AI) deployment hub in Southeast Asia, banking on strong ChatGPT adoption, a deep pool of digital talent, and growing business interest in putting AI to work.

Health & Science

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Opinion

EDSA puts Dizon to the test

Public Works Secretary Vince Dizon spent much of the past year cultivating the image of a no-nonsense reformer determined to clean up one of government’s most corruption-tainted agencies.

Lawyers still owe decency in impeachment trial

Impeachment may be political. It may be bruising, theatrical, and occasionally combustible. But it is still a legal proceeding, and lawyers do not get a temporary exemption from good manners simply because the stakes are high.

When the cleanup starts costing growth

Even the best intentions can backfire.

Alex Eala’s sweetest revenge spoke louder than cheers

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

Sports & Entertainment

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Exclusive

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.

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.