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The Philippines and the US are racing to seal a framework agreement for the proposed Pax Silica technology hub in New Clark City before year-end, a move that could unlock one of Southeast Asia's biggest platforms for artificial intelligence, semiconductor, and advanced manufacturing investments.

Globe Telecom, Inc., the Ayala-led telecommunications firm, has obtained a P10-billion term loan from the Land Bank of the Philippines to fund its capital spending program, refinance existing obligations, and cover general corporate needs.

Alliance Global Group Inc. (AGI) has completed its acquisition of Genting Hong Kong Ltd.'s remaining stake in Newport World Resorts, ending a 17-year partnership that pioneered the Philippines' integrated resort industry and giving the conglomerate full control of one of its flagship gaming and tourism assets.

Clark's transformation into a regional logistics powerhouse hits another milestone in September as UPS opens its expanded hub, completing the first wave of global logistics and aviation investments lined up by the Bases Conversion and Development Authority (BCDA).

President Ferdinand Marcos Jr. has expanded the government's Unified Package for Livelihood, Industry, Food, and Transport (UPLIFT) program to cover 7.5 million households as it moves to cushion families from higher fuel and living costs triggered by tensions in the Middle East. The new financial assistance will cost at least P25 billion until the end of 2026. The expanded package provides a one-time P2,000 cash aid to 3.5 million beneficiaries of the Pantawid Pamilyang Pilipino Program and Walang Gutom program, a P2,000 monthly subsidy from July to December for 1.5 million low-income Social Security System members, and extended assistance to 2.5 million poor and near-poor households identified under the 2024 Community-Based Monitoring System. The administration is also seeking the swift passage of the proposed UPLIFT law.