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The United States Department of Agriculture (USDA) projects that the Philippines will see a 3.1 percent increase in local dairy production, reaching 33,000 metric tons (MT) in liquid milk equivalent (LME) by 2025, up from an expected 32,000 MT this year.

Manila Electric Co. said it has restored power to most of the more than 500,000 customers affected by Severe Tropical Storm Kristine. As of 7:00 a.m. on October 27, only around 6,000 customers remain without service, less than 1 percent of Meralco’s total. The majority of the affected areas are in parts of Cavite and Laguna. As it wraps up restoration efforts for Kristine, Meralco is on alert for Tropical Storm Leon, which entered the Philippine Area of Responsibility earlier on Sunday.

The U.S. Navy has confirmed that one of the activities in the recent Rim of the Pacific exercise in Hawaii was the first demonstration firing of a Naval Strike Missile from a destroyer. The USS Fitzgerald, the first to be equipped with the Over-the-Horizon Weapon System, now has the capability to track and eliminate incoming anti-ship missiles at a safer range. The NSM aligns with the U.S. goal of enhancing its anti-ship missile options amid growing tensions in the South China Sea.

Megawide Construction Corp. said its board approved an increase in its preferred shares to facilitate the entry of Citicore Holdings Investment Corp.

Tanduay Distillers, Inc., the liquor and spirits arm of the Lucio Tan Group, said it divested itself of Asian Alcohol Corp., the second largest distillery in the Philippines located in Negros Occidental.