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ProGRESS auto tax plan brings mixed costs

The Department of Finance’s (DOF) proposed automobile tax changes under the ProGRESS Bill could deliver sharply different impacts depending on the vehicle  and taxpayer, with higher taxes concentrated on luxury cars but a much broader increase affecting motorists, transport operators and businesses.

Makati Business Club warns growth may miss targets

The Philippine economy faces the mounting risk of falling short of official state growth targets this year, the Makati Business Club warned.

Agriculture damage rises to P3.62B; recovery possible for 71% of affected farmlands

Damage to the agriculture sector from heavy rains and flooding caused by the enhanced southwest monsoon and Tropical Cyclones Luis, Maymay, and Neneng has climbed to P3.62 billion as of September 3, 12 noon, the Department of Agriculture (DA) confirmed. This is up from the P3.39 billion reported just 20 hours earlier on September 2 afternoon.

Areit names seasoned global finance executive Carballo as COO

Areit Inc., the real estate investment trust sponsored by Ayala Land Inc., has appointed Eduardo Javier P. Carballo as chief operating officer, effective September 7. The appointment bolsters the company’s leadership and financial capabilities as it advances its expansion and portfolio growth goals.

7-Eleven targets 5,000 stores, shrugs off discounters

Philippine Seven Corp., operator of 7-Eleven convenience stores, is pressing ahead with aggressive expansion despite the rapid growth of hard-discounters, confident that its convenience-store format remains sufficiently differentiated to withstand the new competition.

Just in

MTerra Solar Phase 1 starts commercial operations: 600 MW delivered to Meralco

Meralco PowerGen Corp. (MGen) has begun commercial operations for 600 megawatts (MW) of MTerra Solar Phase 1 under its power supply agreement (PSA) with Manila Electric Co. (Meralco), effective August 26, 2026.

DENR deploys advanced tech to strengthen flood control and watershed protection 

Department of Environment and Natural Resources (DENR) Secretary Juan Miguel Cuna has ordered scaled-up use of science and technology across all field and enforcement units to boost forest and watershed protection, directly supporting corporate operations, infrastructure planning, and regulatory compliance nationwide.

SMC-led consortium secures original proponent status for Agus-Pulangi Hydro rehab unsolicited bid 

The Power Sector Assets and Liabilities Management Corp. (PSALM) confirmed Thursday that a consortium led by San Miguel Corp. has submitted an unsolicited proposal to rehabilitate the Agus-Pulangi hydroelectric complex in Mindanao, marking a major milestone in the government’s long-running effort to modernize and privatize one of the country’s largest remaining state-owned power assets.

Manulife expands financial, health resilience programs nationwide

Manulife Philippines and Manulife Global Solutions (MGS) are expanding community initiatives focused on financial resilience, health and well-being as longer life expectancy puts greater emphasis on preparing Filipinos for healthier and more financially secure lives.
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