September rice supply higher, prices lower
The Philippines' total rice inventory rose to 2.07 million metric tons at the end of September—coinciding with the start of the wet season harvest and a two-month import ban aimed at supporting palay prices.
Cebu Pacific seeks more Australia flights
Cebu Air Inc., operator of Cebu Pacific, has filed a petition with the Civil Aeronautics Board (CAB) seeking additional flight entitlements to Australia to accommodate rising demand for tourism and trade.
In Memoriam: Xavier P. Loinaz (1940–2025) Visionary leader, banking pioneer, and beloved mentor
The Bank of the Philippine Islands (BPI) mourns the passing of Mr. Xavier P. Loinaz, former president and CEO, whose visionary leadership helped shape not only the institution but the Philippine banking industry at large. He passed away in 2025, leaving behind a profound legacy of innovation, integrity, and service.
SEC to expand definition of REIT-eligible assets
The Securities and Exchange Commission (SEC) will broaden the definition of income-generating assets eligible for Real Estate Investment Trust (REIT) classification to encourage more property listings.
St. Luke’s Medical Center to open ASEANA Hospital in 2031
St. Luke’s Medical Center Inc. has postponed the opening of its third hospital in ASEANA, Paranaque, to 2031—two years later than the originally planned 2029 target.
