Singapore-based Vena Energy is committing an additional P52 billion in equity investments to expand its Philippine renewable energy portfolio by 1.29 gigawatts (GW) over the next two years, strengthening its presence in a power market seeking to diversify supply and reduce reliance on conventional energy sources.
McDonald’s Philippines is expanding its Korean-inspired offerings as the popularity of Korean food, music and entertainment continues to shape Filipino consumer tastes, highlighting how global pop-culture trends are creating new opportunities for food and beverage brands.
The government is expanding its flagship housing program by bringing more private developers on board and offering subsidized financing, as it seeks to make homeownership more attainable for Filipino families amid varying budgets and property prices.
President Ferdinand Marcos Jr. has ordered early rice imports and livelihood assistance for farmers as the Philippines prepares for a “super El Niño” that could disrupt agricultural production, water supplies and electricity generation through March 2027.
Sunday viewing gets even bigger as ABS-CBN and TV5 have partnered up to co-produce long-running musical variety show ASAP XP, which will now air on TV5 starting October 18. The landmark deal was sealed at a ceremonial signing held during an ASAP XP event in Pampanga, formalizing a collaboration that expands the program’s reach across more households nationwide.
The Asian Development Bank (ADB) is ready to provide the Philippines with up to USD500 million in emergency financing to help address disasters, including the potential impact of a severe El Niño episode, although the government has yet to request additional assistance.
From a once-contested solution to Metro Manila’s provincial bus congestion, PITX is positioning itself for a bigger role in the country’s transport system as passenger traffic approaches its design capacity.
President Ferdinand Marcos Jr. has confirmed accepting the resignation of Information and Communications Technology Secretary Henry Aguda, while ruling out for now the possible transfer of Public Works Secretary Vince Dizon back to the Department of Transportation (DOTr).
Philippine equities are likely to remain volatile this week as accelerating inflation, peso weakness and mounting expectations of monetary tightening weigh on sentiment, tempering optimism over corporate earnings and potential new stock market listings.