Palay farmgate prices jump 30% in August
Farmgate prices of dry palay rose nearly 30 percent year-on-year in August, extending the gains seen earlier in 2026 and providing stronger returns for rice farmers despite a slight monthly decline.
Nestlé invests P500M to expand Tanauan CHUCKIE plant
Nestlé Philippines is investing nearly P500 million to expand its ready-to-drink manufacturing facility in Tanauan City, Batangas, adding capacity for 144 million packs of CHUCKIE chocolate milk annually as demand grows.
Federal Land expands BGC residential footprint
Federal Land Inc. is expanding its residential footprint in Bonifacio Global City with the opening of Aki Tower, the third residential tower of The Seasons Residences, as demand builds around the mixed-use district.
Cash remittances hit $3.24 billion in July, sustaining consumption and growth
Cash sent home by overseas Filipino workers rose to 3.24 billion U.S. dollars in July 2026, marking a 1.9 percent growth compared to the 3.18 billion U.S. dollars recorded in the same month last year. The increase reflects a steady, upward trend that continued through the first seven months of the year, signaling enduring financial support from overseas workers despite global economic uncertainties.
Asialink opens ₱100 million capital pipeline
Asialink Finance Corporation (AFC) has expanded its financing support with the introduction of the GrowBiz Loan, a new program designed for businesses that offer medium enterprises access to up to ₱100 million in funding. This seven-year term program represents a five-fold increase in maximum loan amount and a two-year repayment extension compared with the company’s existing Real Estate Mortgage Loan capped at ₱20 million over only five years.
