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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.

News Dispatch

Agriculture

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.

ABI Pascual Foods is NDA’s first private partner in school milk feeding program

The National Dairy Authority (NDA) has named ABI Pascual Foods Inc. as its first private sector partner for the Private Sector-Funded Milk Feeding Program.

Korea-funded smart greenhouse in Aklan to help farmers earn more, grow year-round

The Department of Agriculture has opened a South Korean-backed smart greenhouse in Kalibo, Aklan. Funded by KOICA, this facility offers a climate-controlled growing space that lets farmers produce crops reliably all year, no matter the weather. It means better harvests, consistent quality, and higher incomes for local growers.

PH lands $27M durian export deals with China, opening bigger markets for Davao farmers

The Philippines has locked in major agreements worth a combined $27 million—roughly ₱1.7 billion8—with Chinese firm Somago (Tianjin) Cross-border E-commerce Co. Ltd., opening significant new market opportunities for durian producers in Davao, the Department of Agriculture announced Tuesday. Signed during the China International Import Expo 2026, the deals cover both strategic cooperation and frozen durian procurement, strengthening commercial links between Philippine suppliers and Chinese consumers.

Corporate

Meralco brings animal welfare into workplace safety, helps 800 pets

Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is making animal welfare part of workplace safety and corporate responsibility, with its CATropa program benefiting more than 800 cats and dogs since its launch in 2024.

UP Law Class of 1976 celebrates golden jubilee with anti-dynasty win

The University of the Philippines College of Law Class of 1976 will mark its golden jubilee on Friday with an unusual anniversary gift: a Supreme Court victory in its decades-long fight against political dynasties.

Ayala Corp. nine-month core profit slips 6% as emerging units gain ground

Ayala Corp. reported a 6 percent decline in core net income for the first nine months of the year, as softer earnings in its traditional property and banking businesses were tempered by steady telecommunications profits, stronger energy contributions, and rapid revenue growth across its emerging healthcare and electric vehicle ventures.

Shakey’s Pizza posts Q3 2026 earnings rebound as reset strategy pays off

Listed Shakey’s Pizza Asia Ventures Inc. reported a healthy turnaround in its core earnings for the third quarter of 2026, marking clear progress from the company’s ongoing strategic reset efforts.

Banking & Insurance

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Corporate Bulletins

Meralco brings animal welfare into workplace safety, helps 800 pets

Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is making animal welfare part of workplace safety and corporate responsibility, with its CATropa program benefiting more than 800 cats and dogs since its launch in 2024.

UP Law Class of 1976 celebrates golden jubilee with anti-dynasty win

The University of the Philippines College of Law Class of 1976 will mark its golden jubilee on Friday with an unusual anniversary gift: a Supreme Court victory in its decades-long fight against political dynasties.

Manulife taps Amy Gochuico as first woman to lead Philippine business

Manulife Philippines has named Amy Gochuico its new president and chief executive officer, making her the first woman to lead the insurer in its nearly 120-year history in the country.

Metrobank chief economist tops Asian research awards, bank cites expertise

Metrobank Chief Economist Nicholas Mapa has been named the top analyst at The Asset Benchmark Research Awards, clinching the Best Individual Sellside Research title.

Social Responsibility & Sustainability

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.

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.

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

ACEN gives up solar, wind contracts; names new key executives in strategic shift

ACEN Corp., the renewable energy firm led by the Ayala group, has voluntarily handed back a set of early-stage wind and solar service contracts in the Philippines, as it moves from rapid expansion toward sharper execution and more efficient capital use. The company also unveiled key executive appointments that will take effect next year, alongside its latest financial results showing strong earnings growth.

PH, Vietnam, Indonesia solar partnership to boost clean energy transition

The Asian Photovoltaic Industry Association (APVIA) is upbeat on wider solar energy use after groups from the Philippines, Indonesia and Vietnam launched a regional alliance at the 31st UN Climate Change Conference.

ACEN shifts from rapid expansion to execution, profitability

ACEN is tightening its investment pipeline, preparing to surrender some renewable energy service contracts, and reshuffling its leadership as it shifts from rapid expansion to improving project returns, operating efficiency, and profitability.

Shell Pilipinas narrows Jan-Sep net loss to P929M on Q3 profit

Shell Pilipinas Corporation narrowed its net loss to P929 million in the first nine months of 2026 from P2.7 billion at the end of the first half, as it returned to positive core earnings in the third quarter.

Transport & Communications

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Property

CREIT earns P1.03B, declares P0.049 quarterly dividend

Citicore Energy REIT Corp. (CREIT) posted P1.03 billion in net income in the first nine months of 2026 and declared a quarterly dividend of P0.049 per share, banking on long-term renewable energy leases to keep earnings and shareholder payouts steady.

Pag-IBIG socialized housing loans jump 175%, 20,000 homes offered in Davao

Pag-IBIG Fund more than doubled its financing for socialized housing in the first 10 months of 2026, extending homeownership opportunities to low-income families as it brings more than 20,000 housing units to a two-day fair in 4PHDavao City.

SM Hotels expands events business with Conrad Manila rooftop venue

SM Hotels and Convention Centers (SMHCC) is adding a premium rooftop events venue at Conrad Manila, broadening its offerings for private celebrations and corporate gatherings as it builds out the Mall of Asia Complex as a destination for meetings and events.

Filinvest Land starts Futura Monte turnover in Naga

Filinvest Land Inc. (FLI) has officially begun handing over completed units at its Futura Monte development in Naga City, a key milestone for the firm’s regional expansion. The ceremonial turnover for Building A was held recently at the project’s clubhouse, with qualified buyers now receiving their units. FLI officials said the handover reaffirms the company’s commitment to delivering quality homes in well-connected communities, with succeeding turnovers to follow as more units become ready for occupancy.

Environment

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Technology

Manulife taps Amy Gochuico as first woman to lead Philippine business

Manulife Philippines has named Amy Gochuico its new president and chief executive officer, making her the first woman to lead the insurer in its nearly 120-year history in the country.

Philippines climbs in digital, AI ranking, but readiness gaps remain

A shortage of technical talent, high AI costs, and inadequate digital infrastructure threaten to slow the Philippines’ adoption of artificial intelligence, even as the country climbed three places to 53rd among 70 economies in IMD’s 2026 World Digital and AI Ranking.

Gokongwei Group takes full control of PEP, SPIN as GMA exits

The Gokongwei Group’s Summit Media has taken full ownership of entertainment news site PEP.ph and sports platform SPIN.ph, ending its 19-year partnership with GMA Network and consolidating two established digital media brands under one publisher.

Globe Telecom keeps full-year revenue growth target despite economic headwinds

Globe Telecom Inc. is maintaining its full-year revenue growth guidance at low- to mid-single digits for 2026, even as the broader economy faces ongoing challenges.

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.