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Agriculture
Gov’t to use NFA as temporary benchmark for palay floor price
The government’s move to impose a floor price for rice purchases by state agencies is expected to set a strong benchmark that will raise farmers’ incomes and strengthen the National Food Authority’s (NFA) role in ensuring fair grain prices, Agriculture Secretary Francisco P. Tiu Laurel Jr. said Wednesday.
Philippines, Türkiye eye deeper agri-trade, halal collaboration
The Philippines is stepping up agricultural ties with Türkiye, targeting stronger trade in poultry, seafood, and tropical products while boosting Halal-certified feed production. A recent meeting between represenatives of the Department of Agriculture and the Turkish Embassy focused on enhancing food security and opening new markets for high-value Philippine exports.
Modern rice seed complex rises in Nueva Ecija
The governments of the Philippines and South Korea have opened new rice seed processing and cold storage facilities at the Department of Agriculture–Philippine Rice Research Institute (PhilRice) in Muñoz, Nueva Ecija. The project marks PhilRice’s 40th anniversary and aims to modernize the country’s rice seed supply chain.
DA suspends Netherlands poultry imports
The Department of Agriculture (DA) has temporarily banned the import of poultry products, including meat, eggs, and day-old chicks, from the Netherlands due to a recent bird flu outbreak.
Corporate
Aramco acquires 25% stake in Unioil
Unioil Petroleum Philippines, Inc. announced on Friday the completion of its strategic partnership with Aramco, one of the world’s leading integrated energy and chemicals companies.
IFC invests $100 million in Maynilad IPO
The International Finance Corporation (IFC), the private investment arm of the World Bank, has invested $100 million as a cornerstone investor in the initial public offering (IPO) of Maynilad Water Services, Inc., the largest water utility in the Philippines and Southeast Asia by active connections and population served.
Globe’s 9-month net income falls 14% amid industry challenges
Globe Telecom Inc. reported a 14 percent drop in net income for the first nine months of 2025, citing tough industry competition and economic disruptions from typhoons.
Asiabest Group board approves valuation for target acquisitions
Listed firm Asiabest Group International, Inc. (ABG) has approved the valuation of three companies it plans to acquire as part of its expansion program.
Corporate Bulletins
BPI expands digital reach with Pay&Go tie-up
The Bank of the Philippine Islands (BPI), through its digital wallet VYBE, has partnered with Pay&Go to let users cash in for free at over 3,000 kiosks nationwide.
Mastercard appoints Jason Crasto as country manager for the Philippines
Mastercard has named Jason Crasto as its new country manager for the Philippines, tasked with leading the company’s strategic direction and operations in one of Southeast Asia’s fastest-growing digital payments markets.
McDonald’s PH named Employer of the Year by PMAP
McDonald’s Philippines has been named Employer of the Year by the People Management Association of the Philippines (PMAP), recognizing the company’s outstanding people management and purpose-driven practices.
Security Bank opens new branch in Kawit, Cavite
Security Bank has opened its newest branch in Kawit, Cavite — its 363rd branch nationwide and 12th in the province — as part of its goal to make banking more accessible outside Metro Manila.
Social Responsibility & Sustainability
Aboitiz Foundation leads typhoon relief efforts across Visayas and Mindanao
The Aboitiz Foundation, in collaboration with various Aboitiz business units under the OneAboitiz initiative, has launched extensive relief and recovery operations for communities affected by Typhoon Tino across Cebu and other areas in the Visayas and Mindanao.
Foodpanda marks World Food Day with outreach in Metro Manila
Foodpanda, operated by Delivery Hero Philippines Inc., teamed up with Scholars of Sustenance (SOS) Philippines and the Bureau of Jail Management and Penology (BJMP) to mark World Food Day with a series of community outreach efforts across Metro Manila.
Siena College campuses go fully green with ACEN RES partnership
The campuses of Siena College in Quezon City and...
Orchestra of the Filipino Youth honored at first Filipino Music Awards
Ang Misyon, Inc. (AMI), through its flagship program, the Orchestra of the Filipino Youth (OFY), was recognized as Music Foundation of the Year at the inaugural Filipino Music Awards (FMA) 2025, held on October 21 at the SM Mall of Asia Arena.
Markets
Netflix revenue up 17% in 3Q on subscriber, ad growth
Netflix Inc. reported a 17 percent jump in third-quarter...
Treasury bill rates mixed as Fed tempers hopes
Average rates on Treasury bills moved in mixed directions at Monday’s auction, as investors reacted to signals from the U.S. Federal Reserve that it may hold off on cutting interest rates in December.
AI powers Amazon profit growth
Amazon.com Inc. posted a surge in third-quarter profit, lifted by accelerating cloud demand and investment gains, even as hefty legal and restructuring costs weighed on operations.
Fed cuts rates anew, further reduction uncertain
The Federal Reserve lowered its benchmark interest rate Wednesday for the second time this year, aiming to support economic growth and hiring even as inflation remains elevated. But Fed Chairman Jerome Powell cautioned that another cut at the central bank meeting in December is far from certain.
Energy
Gov’t eyes nuclear in power mix by 2032
The Department of Energy (DOE) has reaffirmed the target to integrate nuclear power into the country's energy mix by 2032, while advancing renewable energy (RE) development through more than 10,000 megawatts (MW) of new capacities under the fourth round of the Green Energy Auction (GEA 4).
P8.8-B floating solar project proposed in Tarlac
The Department of Environment and Natural Resources (DENR), through its Environmental Management Bureau (EMB), has set a public scope for the proposed 140-megawatt (MW) floating solar power project in Paniqui, Tarlac.
Cavite industrial estate adopts retail aggregation program
MPower, the retail electricity arm of Manila Electric Company (Meralco), has partnered with the First Cavite Industrial Estate Association Inc. (FCIE) to energize its facilities and enroll the industrial park in the Retail Aggregation Program (RAP).
WESM prices surge 49% in October on tight supply, higher demand
The average price of electricity at the Wholesale Electricity Spot Market (WESM) soared by 49.4 percent in October, reaching ₱4.54 per kilowatt-hour (kWh) from ₱3.04/kWh in September, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Property
Metro Manila office market finds new footing in Jan-Sep—Colliers
The Metro Manila office market has found its stride again, with net demand in the first nine months of 2025 already surpassing full-year forecasts—driven by strong leasing activity, fewer space surrenders, and a revived appetite for flexible work arrangements, according to property consultancy Colliers.
Ayala Land unit to infuse P19.5B in assets into AREIT via swap
Ayala Land Inc. said the board of its listed...
Colliers sees mid-income buyers drive recovery
Colliers reported sustained improvement in Metro Manila’s residential market in the third quarter, the second consecutive quarter of rising pre-selling condominium net take-up. The property consultancy firm said this uptrend indicates that demand is holding firm, supported by attractive ready-for-occupancy (RFO) promotions and discounts offered by developers.
Core businesses drive Megaworld 9-month profit to P18B
Megaworld Corp., the listed property development arm of billionaire...
Technology
iProov sets benchmark for AI-resistant biometric security
iProov has claimed the distinction as the first and only company to meet the biometric verification requirements of the newly released NIST Special Publication 800-63-4 Digital Identity Guidelines, which set the U.S. federal standard for secure digital identity.
Globe advances online security with Next-Gen API solutions
Globe Telecom is stepping up efforts to boost online security nationwide through its growing application programming interface (API) ecosystem. The company is moving beyond traditional one-time passwords (OTPs) toward next-generation authentication methods designed to better protect users from phishing and online fraud.
Amazon, OpenAI forge $38B AI cloud deal
Amazon Web Services and ChatGPT owner OpenAI have entered into a multi-year strategic partnership valued at USD38 billion, one of the largest infrastructure deals in artificial intelligence to date.
AI powers Amazon profit growth
Amazon.com Inc. posted a surge in third-quarter profit, lifted by accelerating cloud demand and investment gains, even as hefty legal and restructuring costs weighed on operations.
Opinion
Nets, nations, and the stingy sea
It was an easy, sun-splashed Sunday morning on the shores of Bagac.
Transparency on Trial: ICI to livestream hearings amid public outcry
The Independent Commission for Infrastructure (ICI) is opening its floodgates—digitally. Soon, the commission will livestream its proceedings, bowing to public pressure for transparency that has swelled louder than the floods the controversial infrastructure projects failed to contain.
Cebu quake exposes structural, systemic fault lines
The recent 6.9-magnitude earthquake that struck Bogo City, Cebu on September 30, offers more than just a regional wake-up call—it delivers a national warning.
World Food Day: The feast, the famine, and the fix
The world produces more than enough food. Yet 673 million people still go hungry. This is not a failure of farming—it is a failure of fairness.
Exclusive
Boeing deepens strategy cuts as operations take center-stage – sources
Boeing Co has embarked on deeper-than-expected cuts in its strategy ranks, halving the number of planners working within key divisions as it refocuses energies on tackling industrial pressures, people familiar with the matter said.
Maynilad may consider sourcing water from Manila Bay if desalination cost eases to affordable levels
Maynilad Water Services Inc., the water utility of Metro Pacific Investment Corp., may consider Manila Bay as source of potable water for its concession area in Metropolitan Manila and nearby towns if the cost of desalination comes down or large consumers such as factories start extracting water from the salt-water bay for their needs.
Converge mulls sale-leaseback deal for fiber network, plans dividend payout
With the aggressive fiber network rollout behind it, Converge...
Converge’s Dennis Anthony Uy Plans $1 Billion “Silicon Valley” Project In Pampanga
Dennis Anthony Uy, co-founder of publicly listed Converge ICT,...
