The Office of the US Trade Representative (USTR) has cut the allocation of raw sugar from the Philippines for export to the United States at a lower duty rate for fiscal year 2025.
Damage to the agriculture sector arising from the southwest monsoon and typhoon Carina totaled an estimated P612.62 million, up 53 percent from P399.91 million reported earlier, according to the Department of Agriculture (DA).
Agriculture Secretary Francisco P. Tiu Laurel, Jr. will gather support from farmers cooperatives and food producers to help the Marcos administration supply more affordably-priced food to ease the financial burden of Filipino consumers.
The Land Transportation Franchising and Regulatory Board (LTFRB) has accredited 14 new transport network companies (TNCs) in a bid to increase competition and improve the overall quality of ride-hailing services for commuters.
Megaworld Corp., the listed property development arm of tycoon Andrew Tan, is expanding its footprint in northern Luzon with plans for a flagship beach club inside its 84-hectare, P15-billion Ilocandia Coastown, signaling a shift from simply selling seaside homes to curating an entire coastal lifestyle.
Union Bank of the Philippines, the country’s 9th largest lender by assets, reported a sharp rebound in earnings for the first quarter, with net income more than doubling to P3.8 billion as core lending and digital-driven revenues offset market volatility.
Globe Telecom Inc., the financial technology and communications arm of the Ayala Group, has completed the settlement of its tender offer for outstanding USD600 million 4.2 percent senior perpetual capital securities, marking a significant step in active balance sheet management.
The Philippine National Bank (PNB) reported a net income of ₱6.37 billion in the first quarter of 2026, up 5 percent from a year ago, driven by steady growth in its core businesses.