Wyn Power Corp. has started construction on a 50-megawatt solar photovoltaic project in Barangay Bukal, Taysan, Batangas costing P1.5 billion. The 48-hectare solar plant will generate up to 74 million kilowatt-hours of clean energy annually, supporting industries and consumers served by Batangas II Electric Cooperative (Batelec II) and surrounding cooperatives.
The aggressive trade strategy of President Donald Trump took a dramatic turn on Tuesday as he imposed a new 25 percent tariff on imports from Mexico and Canada, igniting a trade war with two of the United States' closest allies.
San Miguel Food and Beverage Inc. (SMFB) reported a 7 percent increase in net income for 2024, reaching P40.9 billion, up from P38.1 billion in the previous year. The growth was driven by a 6 percent rise in consolidated sales, reaching P400.9 billion, supported by higher volumes and strategic market expansion.
The National Food Authority (NFA) is encouraging rice farmers to take advantage of the hot weather to dry their palay, helping boost earnings through higher selling prices. NFA administrator Larry Lacson said that drying palay may incur additional costs but offers significant rewards, with private millers currently paying P20 to P22 per kilogram for clean, dry palay, compared to P15 to P17 for wet palay.
The Department of Agriculture (DA) has declared Camarines Norte free from avian influenza (AI), following effective containment measures and surveillance. DA Secretary Francisco Tiu Laurel Jr. confirmed the resolution of the outbreak, which began last December when the H5N2 strain of AI was detected on a backyard duck farm in Talisay.
The country’s foreign currency reserves remained strong at the end of April 2026, even as the country recorded a wider gap between money flowing in and out of the economy.
Real estate investments in the Philippines are expected to increasingly move to the Visayas and Mindanao in the coming years as businesses expand outside Metro Manila, according to Prime Philippines Inc.
Century Properties Group reported a 6-percent decline in net income in the first quarter of the year, as higher interest expenses and taxes offset gains from its core operations.