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Grandsun expansion to create 5,000 jobs

Grandsun Advanced Electronics (Philippines) Co. Inc. plans to hire about 5,000 workers as it expands production and begins making a new product at its LIMA Estate facility in Batangas, Trade Secretary Cristina Roque said.

PH CEOs remain confident as innovation struggles to scale

Philippine chief executives remain confident about business prospects, but many companies are struggling to turn growing investments in innovation and artificial intelligence into programs that can scale across their organizations.

PH seeks Japan banana crown as tariff talks advance

The Philippines is seeking to regain its position as Japan’s top banana supplier as Manila pushes for lower tariffs in the ongoing review of the Japan-Philippines Economic Partnership Agreement (JPEPA).

Romualdez arrested in P7.44-B flood case

Former House Speaker Martin Romualdez was arrested Monday in connection with a P7.44-billion flood control case filed by the Office of the Ombudsman against him and other officials, Interior Secretary Jonvic Remulla said. Remulla told reporters that authorities served the arrest warrant on Romualdez at Cardinal Santos Medical Center, where he was receiving medical care. The case involves allegations of irregularities in controversial flood control projects that have triggered a wider government investigation into public infrastructure spending. Romualdez’s arrest marks a dramatic escalation in the probe, with the Ombudsman pursuing charges against several officials over projects worth billions of pesos.

Foreign currency reserves hold firm at $104.8 billion in August

The country’s foreign currency reserves stood strong at $104.8 billion as of the end of August 2026, driven by higher global gold prices and earnings from foreign investments, according to preliminary data from the Bangko Sentral ng Pilipinas. Although government withdrawals to pay off foreign debt offset some gains, the overall buffer remains well above global safety standards.

Just in

Philippine jobless rate up as more seek jobs

The Philippine labor market took a sharper turn in July as unemployment climbed to 6.0 percent, even as more Filipinos entered the workforce, pointing to a widening gap between the number of people seeking jobs and available opportunities.

ASEAN oil stockpiling plan gains support from five countries

The Philippines’ push for an ASEAN oil stockpiling mechanism is gaining momentum, with five countries signaling support for a regional system designed to cushion members from future supply disruptions, Trade Secretary Cristina Roque said.

PH data centers eye catch-up with Singapore, Malaysia

The Philippines has room to narrow its data center gap with Singapore and Malaysia, with abundant land, expanding power capacity, and rising investor interest giving the industry room to grow, the Data Center Association of the Philippines (DCAP) said.

PhilWeb commits P4.23B to JKS Tech

PhilWeb Corp. is committing a combined P4.23 billion to JKS Tech Solutions Inc., deepening its exposure to the Philippine digital infrastructure and technology sector through subscriptions to shares of the B2B platform company.
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