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FAA grounds US flights over nationwide communications failure

The Federal Aviation Administration (FAA) halted commercial flights nationwide Friday (early Saturday in Manila) after a communications failure crippled all 22 regional air traffic control centers, although it remained unclear whether the disruption was connected to an outage affecting some Microsoft services.

News Dispatch

Agriculture

Philip Morris counts Philippines as key sourcing, manufacturing hub

Philip Morris International (PMI) is counting on the Philippines as an important sourcing and manufacturing base as it strengthens supply-chain resilience against weather disruptions, geopolitical risks and other external shocks.

BOC, DA extend hours as ASEAN road curbs threaten cargo delays

Importers and exporters have been urged to clear shipments early as the Bureau of Customs (BOC) and the Department of Agriculture (DA) prepare for road restrictions that could disrupt cargo movements during the Philippines-hosted ASEAN activities.

Palace says pork prices below February levels

Pork prices in public markets are generally lower than their February 16, 2026 levels, Malacañang said Thursday, citing Department of Agriculture (DA) data amid concerns over the cost of meat.

El Niño agricultural damage hits P10B, threatening food security and farm incomes

Damage to Philippine agriculture from the ongoing El Niño weather anomaly has climbed to P9.99 billion as of November 11, according to the Department of Agriculture (DA), rising more than 16 percent from the P8.57 billion reported just three weeks ago. This growing toll underscores serious risks to farm output, farmer livelihoods, and national food security at a time when authorities warn the dry spell could worsen into next year.

Corporate

World Trade Center Metro marks 30 years powering PH trade, eyes major expansion

World Trade Center Metro Manila (WTCMM) celebrated its 30th anniversary, bringing together clients, partners, stakeholders, and the business community to mark three decades of hosting local and international events and fueling Philippine industry growth.

Foundever bags major honors at 2026 ACES Awards, recognizing workplace excellence, leadership, and community impact

Customer‑experience services leader Foundever secured three top recognitions during the 2026 Asia Corporate Excellence & Sustainability (ACES) Awards, marking another milestone for the company’s people‑centered operations and social‑impact initiatives.

ABS‑CBN Corp. posts ₱2.95‑billion nine-month net loss as cable broadband revenues drop 

ABS‑CBN Corp. has reported a wider net loss of ₱2.95 billion for the first nine months of 2026, compared with the ₱2.24‑billion net loss recorded in the same period in 2025, hit by falling cable‑and‑broadband income as well as weaker advertising demand.

San Miguel keeps core income steady in nine month results amid economic pressures

San Miguel Corporation (SMC) maintained flat year‑on‑year core income for the first nine months of 2026 despite rising interest and input costs, showing the resilience of the Philippine conglomerate’s diversified portfolio.

Banking & Insurance

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Corporate Bulletins

Foundever bags major honors at 2026 ACES Awards, recognizing workplace excellence, leadership, and community impact

Customer‑experience services leader Foundever secured three top recognitions during the 2026 Asia Corporate Excellence & Sustainability (ACES) Awards, marking another milestone for the company’s people‑centered operations and social‑impact initiatives.

foodpanda brings S&R delivery to Filipinos — no membership needed

Filipinos can now have S&R Membership Shopping’s imported snacks, premium pantry items, and bulk household essentials delivered via foodpanda, skipping long holiday checkout lines without needing an S&R membership for Noche Buena and holiday grocery runs.

FCC Honda Pilipinas Dream Cup crowns Renzzy Vigo as season champion at Tarlac Circuit Hill

The FCC Honda Pilipinas Dream Cup (HPDC) wrapped its season finale at Tarlac Circuit Hill only recently as 12 young Filipino riders battled aboard the Honda CBR150R in Round 5 to cap off the country’s premier youth motorcycle racing showcase.

Panga exits PEZA after 28 years, cites 100,000 jobs

Tereso Panga is ending 28 years at the Philippine Economic Zone Authority (PEZA), citing more than 100,000 jobs created during his leadership as his most meaningful contribution to the investment promotion agency.

Social Responsibility & Sustainability

Globe, Lapu‑Lapu City team up to teach seniors digital safety

Globe has partnered with the Lapu‑Lapu City government to train over 100 senior citizens on digital safety during a financial assistance payout event, helping older Filipinos navigate the digital world securely through the telco’s Senior Digizen Program. Senior participants learned how to spot online scams and gain more confidence using their mobile phones, a critical skill as government, financial, and everyday services continue to shift online.

From Lara Croft to creative enterprise, Jolie takes aim at aid dependence

Angelina Jolie once made a career of raiding tombs as Lara Croft. These days, she is more interested in helping communities unlock the riches they already possess.

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.

Markets

October US inflation raises Fed rate hike stakes

US consumer prices rose more than expected in October, strengthening expectations that the Federal Reserve will raise interest rates next month, lifting yields and pressuring equities.

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.

Travel

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Energy

Prime Infra banks on Malampaya, pumped storage to secure energy supply

Prime Infrastructure Capital Inc. is banking on expanded Malampaya gas production and large-scale pumped storage hydropower projects to strengthen Philippine energy security, reduce exposure to volatile fuel prices and accommodate a growing share of renewable power.

Meralco raises November rates by P0.49 per kWh

A weaker peso, more expensive imported natural gas, and rising electricity demand pushed up Meralco’s power procurement costs, prompting a P0.4895 per kilowatt-hour (kWh) increase in electricity rates for November.

Global Ferronickel earnings jump 51% on higher nickel prices, shipments

Higher nickel ore prices, increased shipments and a weaker peso lifted Global Ferronickel Holdings Inc. (FNI)’s consolidated net income by 50.9 percent to P2.29 billion in the first nine months of 2026.

Citicore Renewable net income more than doubles to P2.15B in 9 months

Citicore Renewable Energy Corp. (CREC) posted a 122-percent jump in consolidated net income to P2.15 billion for the first nine months of the year, rising from P966 million recorded in the same period last year, the company announced Thursday.

Transport & Communications

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Property

SMX Seaside Cebu opens with two major trade exhibitions

SM Hotels and Conventions Corp. (SMHCC) will inaugurate SMX Convention Center Seaside Cebu on November 26–28, 2026, with two major trade exhibitions that will add 21,000 square meters of leasable event space to Cebu’s growing meetings, incentives, conventions and exhibitions (MICE) industry.

First Holdings to sell Rockwell Land stake to Crème Investment

First Philippine Holdings Corp. (FPH) is selling its entire 90.74-percent stake in Rockwell Land Corp. to Crème Investment Corp., an investment vehicle of Eugenio “Gabby” Lopez III, for P15.92 billion, freeing up capital for the group's investments in energy, infrastructure, and other businesses.

Ayala Malls Nuvali opens expansion with 1,000 parking slots, new retail

Ayala Malls Nuvali opened its three-level expansion on November 12, adding more than 1,000 parking slots, new retail and dining options, and a one-kilometer landscaped greenway as the mall strengthens its appeal as a lifestyle destination in Laguna.

CPG profit climbs 11.4% on wider margins, tax savings

Century Properties Group Inc. (CPG) grew its nine-month net income by 11.4 percent to P2.35 billion as wider operating margins and tax savings from its merger with PHirst Park Homes Inc. offset softer revenues.

Environment

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Technology

ASEAN signs digital pact targeting $2T economy by 2030

ASEAN trade ministers have signed a landmark Digital Economy Framework Agreement (DEFA), establishing common rules for online commerce, digital payments and cross-border data flows in a bid to double Southeast Asia’s digital economy to USD2 trillion by 2030.

Globe Business powers PH’s first 1,400‑km bi‑directional telesurgery

Most advanced surgical care in the Philippines stays concentrated in major cities, leaving patients in Mindanao and other far‑flung regions forced to travel long distances, pay steep costs, and leave their families. In time‑sensitive cases, distance alone can worsen patient outcomes.

Cybersecurity council gives organizations 30 days to plug security gaps 

The Cybersecurity Council of the Philippines (CSCP) is giving government agencies, businesses, schools, and local governments a 30-day wake-up call to check their digital defenses, warning that cyberattacks are escalating faster than many organizations can respond.

Microsoft outage disrupts Outlook, Teams, and 365 services

Microsoft’s Outlook, Teams, and other 365 services suffered a widespread outage that stretched from Thursday into Friday, disrupting access to email, collaboration tools, and cloud-based applications across several regions.

Health & Science

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Opinion

A week of unfortunate events: Ay, naku!

If the past week's tea leaves had a message, it was this: ay, naku. The economy served up a one-two punch of sluggish growth and runaway prices, then appeared to ask whether we wanted seconds. Monday brought third-quarter GDP growth of 2.1 percent, down from 2.4 percent in the previous quarter and below the 2.8 percent consensus forecast. That marked five consecutive quarters of slowing growth and the weakest performance since the pandemic. October inflation, meanwhile, averaged 7.8 percent. Some wanted the monetary authorities to wield a bigger stick through a jumbo rate hike. Tame prices without choking an already parched economy? Sige, good luck. With stocks around 5,600 and the peso near P64 to the dollar, even sharply cheaper gasoline felt less like salvation than a promo expiring next week.

Philippines flirts with stagflation as growth stalls, prices surge

The Philippine economy is beginning to resemble a car running low on fuel while its engine overheats. Growth is sputtering, prices are soaring, jobs are getting harder to find, and agriculture—a major source of food and rural livelihoods—is contracting

The electric car is no longer asking for permission

The Philippine automotive market is beginning to look like a family reunion where everybody has arrived in a different vehicle, but everyone wants to talk about electricity. There are fully electric sedans, plug-in hybrid pickups, hybrid SUVs, and battery-powered crossovers competing for attention. The gasoline engine has not been invited to leave, but it is beginning to notice that the conversation has changed.

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.

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.