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Home Credit steps up role in promoting safe, responsible credit in PH

Home Credit Philippines is strengthening its commitment to consumer protection, responsible lending, and fraud prevention through a larger leadership role in the Credit Card Association of the Philippines (CCAP).

MPIC, SMC tollway merger set  for Q3 2026; valuation, asset scope clarified

The planned merger between Metro Pacific Investments Corp. (MPIC) and San Miguel Corp. (SMC)’s tollway business is moving forward and targeted for completion in the third quarter of 2026, according to MPIC chairman Manuel V. Pangilinan. The deal is currently in the valuation phase, with discussions expected to settle on an ownership split ranging from 45 percent to 55 percent in favor of SMC. Pangilinan confirmed that MPIC’s toll operations in Indonesia will not be included in the valuation.

DA prepares response over possible oil spill from capsized vessel in Ilocos Norte

The Department of Agriculture (DA) has activated its response teams and readied aid for coastal communities following an oil spill from a partially capsized cargo vessel off Badoc, Ilocos Norte. The incident raises worries over possible harm to marine life, fishing activities, and local livelihoods.

Most International Airlines at NAIA Now Linked to BI Pre-Arrival System

Thirty-four international airlines operating at Ninoy Aquino International Airport (NAIA) have successfully connected to the Bureau of Immigration’s (BI) Advance Passenger Information System, according to New NAIA Infrastructure Corporation (NNIC). This setup lets carriers send passenger details to immigration authorities before flights arrive or depart, bringing the country’s main airport closer to faster and more secure border checks.

PAL launches Freedom Seat Sale with up to 50% off

The Philippine Airlines (PAL) has opened its Freedom Seat Sale, offering discounts on flights departing from the country. Booking runs from June 15 to 17, 2026, with travel starting in August 2026.

Just in

DA backs extending P50/Kilo price cap on imported rice

The Department of Agriculture (DA) pushing the extension of the government’s P50-per-kilo maximum suggested retail price (MSRP) for 5 percent broken imported rice beyond its June 30 expiry, a move meant to keep the country’s staple food affordable amid lingering food inflation concern.

ACEN invests P1.15B in subsidiary for renewable energy projects

ACEN Corp., the energy arm of the Ayala Group, has signed a subscription agreement worth P1.15 billion with fully owned subsidiary Giga Ace 8 Inc. The investment covers common and preferred shares issued from Giga Ace 8’s unissued capital stock.

Strait of Hormuz blockade rings alarm bells for economy

Energy and agriculture leaders warn of significant risks to fuel supply, prices, and food security after Iran announced it is closing the Strait of Hormuz, and threatening to fire on any vessel attempting to transit. This development follows reported attacks by the United States against Iran, according to a Reuters report.

Philippines, Sweden forge new growth partnerships

The Philippines and Sweden are exploring deeper economic cooperation...
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