DA, PhilSA ink 5-year satellite tech deal for agriculture
The Department of Agriculture (DA) and Philippine Space Agency (PhilSA) formalized a five-year partnership Tuesday to deploy Earth observation, geospatial tools, and AI for strengthening agriculture, fisheries, disaster response, and climate resilience. The collaboration uses satellite data to speed up damage detection, improve irrigation planning, and shield food production from floods, droughts, and other risks.
ABS-CBN to cut jobs amid industry headwinds
Media giant ABS-CBN Corp. is set to lay off approximately 200 employees, representing roughly 7 percent of its total workforce, as it continues to grapple with persistent challenges in the content and advertising sectors.
DOE clears way for fuel tax suspension amid sharp price spikes, assures supply sufficiency
The Department of Energy has formally certified that the one-month average price of Dubai crude oil has surpassed the $80-per-barrel threshold set by Republic Act 12316, triggering the process to consider suspending or reducing fuel excise taxes. From August 13 to September 11, 2026, the benchmark averaged $99.41 per barrel.
GCash parent Mynt prepares record-breaking ₱92-billion stock market debut
Mynt Inc., the fintech giant behind the widely used GCash app, is set to launch a historic initial public offering expected to reach roughly ₱92 billion. If finalized, the transaction will mark the largest fundraising event in the history of the Philippine Stock Exchange.
IndiGo parent eyes direct India-Philippines flights
India’s InterGlobe Enterprises is seeking to open direct air links between Delhi and Mumbai and key Philippine gateways, potentially giving trade, tourism, and cargo flows between the two economies a significant boost.
