DPWH drops P252B flood projects in 2026 budget revamp
Public Works Secretary Vince Dizon has removed P252 billion in locally-funded flood control projects from the Department of Public Works and Highways’ (DPWH) proposed 2026 budget, following President Ferdinand Marcos Jr. 's directive to reallocate funds to more essential sectors.
Philippines edges out Indonesia in startup capital race
For the first time, the Philippines has surpassed Indonesia in startup funding, raising US$86.4 million in the first half of 2025, according to the SEA Startup Funding Report H1 2025 by DealStreetAsia and Kickstart Ventures.
Philcement selling 15% stake to Japan’s Sumitomo Cement
Philcement Corp., a unit of Phinma Corp., announced on Wednesday that it has signed a share subscription agreement with Japan-based Sumitomo Osaka Cement Co. Ltd., for the sale of a 15 percent stake through the issuance of primary shares.
Romualdez resigns as Speaker amid flood control controversy
Leyte Rep. Ferdinand Martin Romualdez resigned Wednesday as Speaker of the House, citing the need to restore public trust amid allegations tied to flood control projects personally flagged by President Ferdinand Marcos Jr.
SM Leisure to soon deliver Horizon Terraces villas, condos
SM Leisure Resort Residences, a unit of property developer SM Prime Holdings, is set to complete Horizon Terraces within Tagaytay Highlands, with Scottsdale Villas scheduled for turnover in December 2025 and Redstone Condominiums in March 2026.
