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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

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.

Gov’t launches farm livelihood program reintegrating former rebels, linking peace to suatainable agriculture

The Department of Agriculture (DA) and the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) are jointly rolling out a farm-centered livelihood initiative designed to turn former communist rebels and Moro separatist fighters into productive farmers, with high-value crops pili and ube leading the proposed enterprise options.

PCIC prepares P36M insurance payouts for farmers hit by recent storms, monsoon

The Philippine Crop Insurance Corp. is set to release about P36 million in insurance benefits for 5,005 farmers whose insured farms sustained damage from Typhoons Luis and Maymay, as well as the southwest monsoon, between August 1 and 11.

Corporate

First Philippine Holdings blocks KKR share buyout, signaling firm strategic stance

In a major corporate move that underlines its long-term strategy, Lopez-led First Philippine Holdings Corporation has formally turned down an acquisition proposal from global private equity giant Kohlberg Kravis Roberts & Co. L.P. The decision preserves the parent company’s full equity control over its power generation arm, First Gen Corporation, despite an attractive financial premium offered by the international investor.

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.

SMC surges to P54.2 billion core income as fuel and power drive first-half growth

San Miguel Corporation (SMC) recorded a massive surge in its underlying financial health during the first half of 2026, driven by expanding energy sales and higher fuel revenues even as high living costs weighed on everyday consumer spending. The conglomerate reported a 48 percent leap in consolidated core net income to P54.2 billion, alongside a 34 percent surge in total revenues to P964.1 billion. The operational gain underscores SMC’s expanding footprint in the national economy, reinforcing its capacity to maintain long-term investments in critical energy, transportation, and agricultural infrastructure.

EMCOR, GCash partner to expand digital payments across 174 nationwide branches

Mindanao-based homegrown retailer EMCOR (Engineering and Machinery Corporation) has partnered with leading digital finance platform GCash to roll out integrated digital payment services across all 174 of its branches nationwide, bringing greater convenience and financial flexibility to customers across Palawan, the Visayas, and Mindanao.

Banking & Insurance

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Corporate Bulletins

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.

EMCOR, GCash partner to expand digital payments across 174 nationwide branches

Mindanao-based homegrown retailer EMCOR (Engineering and Machinery Corporation) has partnered with leading digital finance platform GCash to roll out integrated digital payment services across all 174 of its branches nationwide, bringing greater convenience and financial flexibility to customers across Palawan, the Visayas, and Mindanao.

Converge, VSS partner for PH-US dedicated fiber connectivity

Converge Global Business, the enterprise arm of Converge ICT Solutions Inc., has signed a key partnership with Ormoc-based Virtual Staffing Solutions (VSS) to power VSS’s expanding local and global operations with high-speed, secure pure fiber connectivity.

BDO Pay named Best Digital Wallet at The Asian Banker Philippine Awards 2026

BDO Pay has been honored as the Best Digital Wallet in the Philippines at The Asian Banker Philippine Awards 2026, earning recognition for simplifying everyday payments and money management for Filipinos.

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

Zamcelco hailed as model for cutting system losses

The National Electrification Administration (NEA) has cited the Zamboanga City Electric Cooperative (Zamcelco) as a successful model for reducing system losses, urging other power cooperatives to follow its example.

Middle East volatility triggers local fuel price hikes after two weeks of rollbacks

The Department of Energy (DOE) confirmed on Monday that fuel prices will rise across the board this week, ending two consecutive weeks of reductions, as global oil markets remain volatile amid developments in the Middle East.

NPC expands fuel storage to shield off-grid areas from supply shocks

The National Power Corp. (NPC) is ramping up fuel storage capacity across its off-grid power facilities to secure energy supply and cut high delivery costs in remote communities nationwide.

CREC profit surge strengthens renewable growth outlook

Citicore Renewable Energy Corp. is gaining financial momentum as stronger margins and a growing project pipeline position the renewable power company for continued expansion.

Transport & Communications

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Property

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.

Rockwell Land profit surges 46% on property growth

Rockwell Land Corp. delivered a stronger first half in 2026 as robust residential sales and an expanding commercial business pushed revenue and profit sharply higher, while also allowing the property developer to raise its dividend to a record level.

BCDA, Double 11 put P200M into Clark mobility hub 

The Bases Conversion and Development Authority and Double 11 Properties Corp. are investing P200 million to build a mixed-use commercial and mobility hub in New Clark City, adding another private-sector bet on the emerging Central Luzon growth center.

Highlands, Hamilo Coast hold up amid property slowdown 

SM Leisure Resort Residences is leaning on the resilience of its established leisure estates, Tagaytay Highlands and Hamilo Coast, as buyers continue to take a long-term view of vacation and second-home properties despite softer conditions in the broader real estate market.

Environment

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Technology

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.

Cebuana Lhuillier insurance wins fifth Asia award

Cebuana Lhuillier Insurance Brokers (CLIB) is doubling down on insurance accessibility after securing its fifth consecutive Domestic Broker of the Year — Philippines award at the Insurance Asia Awards 2026.

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.