San Miguel Food and Beverage net income drops 4% amid tighter consumer spending
San Miguel Food and Beverage Inc. (SMFB) reported Wednesday that its net income fell 4 percent to P22.1 billion in the first half of the year, down from P22.96 billion in the same period last year. The decline came as higher commodity prices, slower economic growth, and global supply chain issues reduced consumer spending and hurt some export markets.
AI could add $50.7B to PH economy by 2030
Artificial intelligence is projected to unlock US$50.7 billion in economic value for Philippine businesses by 2030, driving growth and competitiveness. While most firms have started using AI, 65 percent remain stuck in pilot stages due to gaps in infrastructure, system integration, and skilled talent.
Smart rolls out Apple Pay for load and bill payments starting Aug. 4
Smart Communications has launched Apple Pay for its subscribers, offering a fast, secure way to buy load and settle bills beginning August 4.
PCCI calls AI hub Philippines’ chance to reshape economy
The Philippine Chamber of Commerce and Industry (PCCI) has endorsed the proposed Pax Silica AI hub, calling it a "once-in-a-lifetime" opportunity for the country to secure a foothold in one of the world's fastest-growing industries and move up the global technology value chain.
Pet nutrition drives Philippines premium pet food demand growth
Nearly half of Filipino households now own a dog or cat, creating an estimated 14 million pet-owning homes in 2025, up from around 12 million in 2021, according to Euromonitor. Riding that trend, the Philippine dog food market expanded by 10 percent in retail value in 2026 as consumers increasingly traded up to premium, functional and veterinarian-formulated diets, turning pet nutrition into one of the fastest-growing niches in the local consumer market.
