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PHINMA profit rises as education offsets weakness

PHINMA Corp. posted P363.35 million in consolidated net income in the first half of 2026, with its education business providing the biggest lift as construction, property, and other operations faced a softer economy.

Agriculture storm damage hits P135M 

Agricultural damage and losses from Tropical Cyclones Luis and Maymay and the enhanced Southwest Monsoon has climbed to P135.3 million, affecting 6,010 farmers and damaging 4,516 hectares of farmland across five regions, according to the Department of Agriculture.

Ayala launches ACX Retail for global brands 

Ayala Corp. is sharpening its push into Philippine retail with the launch of ACX Retail, a new platform designed to bring international consumer brands into the country and build them into long-term businesses.

US grants Philippines up to $600M health support

The US is providing the Philippines up to USD600 million in grant assistance to strengthen the country’s health system, a move expected to bolster public health security while reducing the need for government resources to fund critical health programs.

Alex Eala named Face of Marriott Bonvoy Campaign, highlighting Southeast Asian tennis rise

Marriott Bonvoy has appointed Filipino tennis star Alex Eala as the face of its "Tennis The World" campaign across Asia Pacific excluding China, cementing her rapid rise as a major force on the global sports stage.

Just in

FDI drops in first five months of 2026 as global capital tightens 

Foreign direct investments flowing into the country slowed during the first five months of 2026, marking a notable drop compared to the same period last year.

Mitsubishi targets bigger market, plans P7B EV investment

Mitsubishi Motors Philippines Corp. is preparing for a bigger Philippine footprint, betting on locally produced hybrid vehicles, higher factory output, and stronger sales as it seeks to turn the country into a more important production and export base.

Meralco power rates fall slightly on refunds

Electricity rates for Manila Electric Co. customers will edge lower in August as a P9.5-billion regulatory refund offsets higher transmission, tax, and other pass-through charges.

PDIC seeks reforms after P1M coverage hike

The Philippine Deposit Insurance Corp. is pushing sweeping legislative reforms to modernize the country’s deposit insurance system, including broader coverage, faster claims payment, and new powers to contain financial crises.
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