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Philippines can reach high-income status by 2053, World Bank

The Philippines could join the ranks of high-income economies by 2053, but only if it shifts from an investment-led growth model to one driven...

News Dispatch

Agriculture

17-ton Davao farm products shipped to Saudi Arabia

The Department of Agriculture (DA) confirmed Sunday that agricultural goods worth P800,000 have been sent from Davao to Saudi Arabia.

Gov’t taps Japan nanotech experts in coconut research

The Philippine Coconut Authority (PCA) has formalized a partnership with Japan’s Mitsui to test advanced nanotechnology designed to boost coconut farming, moving forward with President Ferdinand R. Marcos Jr.’s goal of building a modern, technology-driven and sustainable agriculture sector that raises output and improves the lives of farmers.

Davao fres produce reaches Saudi Arabia shelves after Dubai trade fair success

Fresh agricultural goods from Davao Region have arrived in Saudi Arabia, marking a major commercial milestone that grew from talks held at an international trade exhibition in Dubai.

PCA, Mitsui team up to test nanotechnology for coconut farms

forward with President Ferdinand R. Marcos Jr.’s goal of building a modern, tech-driven and sustainable agriculture sector that lifts productivity and improves farmers’ lives.

Corporate

Tubig Pilipinas signs P1.35-B deal for Bataan Freeport water systems

Central Luzon’s economy grew 4.5 percenr in 2025, with industry making up 41.8 percent of output, per the Philippine Statistics Authority.

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 opens new San Francisco store to boost North America expansion

Jollibee Foods Corporation, also called the Jollibee Group, has opened a new store in downtown San Francisco, California to grow its business across North America.

Visaya bets on AI to become frontier firm

For nearly two decades, Visaya has built its business the traditional way, by mastering processes, developing specialized talent, and earning the trust of global clients one contract at a time.

Banking & Insurance

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Corporate Bulletins

Tubig Pilipinas signs P1.35-B deal for Bataan Freeport water systems

Central Luzon’s economy grew 4.5 percenr in 2025, with industry making up 41.8 percent of output, per the Philippine Statistics Authority.

Jollibee opens new San Francisco store to boost North America expansion

Jollibee Foods Corporation, also called the Jollibee Group, has opened a new store in downtown San Francisco, California to grow its business across North America.

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.

Social Responsibility & Sustainability

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.

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.

Markets

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.

Ayala boosts Ayala Land stake with P2.38B buyback

Ayala Corp. has accelerated its accumulation of Ayala Land Inc. (ALI) shares, spending about P2.38 billion to acquire 141.55 million common shares through market purchases disclosed between July 16 and July 31, reinforcing its confidence in the property giant's long-term prospects while taking advantage of what it believes is an undervalued share price.

Apple posts record 3Q; shares sink on supply constraint

Apple Inc. delivered its strongest June quarter on record,...

Travel

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Energy

Cheaper power could unlock 161,000 jobs, World Bank says

Accelerating power sector reforms could slash electricity prices, create more than 161,000 jobs and lift about 730,000 Filipinos out of poverty by 2030, with the World Bank arguing that lower energy costs may be one of the country's biggest catalysts for faster and more inclusive economic growth.

Aboitiz Renewables to build 239-MWp solar plant with battery storage in Negros Occidental

Aboitiz Renewables, Inc., the clean energy arm of Aboitiz Power Corporation, will expand its solar capacity in Negros Occidental to 471 megawatt-peak (MWp) once the new Luna Solar Power Plant becomes operational.

Holcim exits Philippines in $807M deal with China’s Huaxin

Holcim is selling its Philippine operations to China-based Huaxin Building Materials in a transaction valued at USD807 million, marking a major shift in the ownership landscape of one of the country’s biggest cement producers.

OceanaGold sets aside P768.43M for Didipio mine rehabilitation and decommissioning

OceanaGold Philippines Inc. (OGPI) has allocated P768.43 million under its Final Mine Rehabilitation and Decommissioning Plan (FMRDP) for the Didipio gold and copper mine that spans Nueva Vizcaya and Quirino provinces. In a statement released Sunday, the listed mining firm confirmed that P551.4 million has already been placed in a trust fund. The company said the fund will keep growing in line with required annual contributions as it moves forward with rehabilitation and closure preparations while the mine remains active.

Transport & Communications

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Property

Ayala Land secures spot in S&P sustainability yearbook 

Ayala Land Inc. (ALI) has earned a place in...

DHSUD eyes stronger housing rollout after 575,000 homes

The Department of Human Settlements and Urban Development (DHSUD) said it will accelerate the government's housing program after delivering or facilitating 575,693 housing units in its first four years, putting the agency halfway toward its recalibrated target under the Marcos administration.

PEZA seals P967M Cavite ecozone expansion deal

The Philippine Economic Zone Authority (PEZA) has formalized the P967-million expansion of the Suntrust Ecotown Tanza-Special Economic Zone in Cavite, adding more industrial land as the government ramps up efforts to attract export-oriented investments and manufacturing projects.

PEZA policy opens Metro Manila market for developers

Real estate developers are poised to tap a larger market of multinational tenants after the government lifted the seven-year moratorium on new Information Technology (IT) Parks and IT Centers in Metro Manila, although they will not receive fresh tax incentives under the policy.

Environment

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Technology

AI can unlock globally competitive Filipino innovations, IPOPHL

Intellectual Property Office of the Philippines (IPOPHL) Director General Teodoro C. Pascua said artificial intelligence could become a powerful engine for transforming Filipino ideas into globally competitive products, provided innovation is matched with stronger protection of intellectual property rights.

Visaya bets on AI to become frontier firm

For nearly two decades, Visaya has built its business the traditional way, by mastering processes, developing specialized talent, and earning the trust of global clients one contract at a time.

Telcos plan $500M domestic submarine cable network

The country’s three largest telecommunications companies are set to jointly invest around $500 million to build a nationwide domestic submarine cable network, the Department of Information and Communications Technology (DICT) has announced. DICT Secretary Henry Aguda confirmed that PLDT Inc., Globe Telecom, and Converge ICT Solutions Inc. will carry out the project, which will create a far-reaching undersea fiber optic system running from Batanes in the north, looping around Palawan, and linking islands throughout the Visayas and Mindanao.

Globe invests in employee AI skills for future-ready workplace 

Globe is rolling out a people-first approach to artificial intelligence adoption, equipping its workforce with the tools, training and support needed to thrive in an AI-enabled work environment.

Health & Science

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Opinion

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.

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?

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.