The Government Service Insurance System has set aside P1.69 billion in emergency lending assistance to help nearly 69,000 members and pensioners in three calamity-stricken areas weather the dual impacts of severe El Niño conditions and a worsening dengue outbreak.
Agriculture Secretary Francisco Tiu Laurel Jr. has stood firm on the necessity of canceling the import permit for 12,480 metric tons of Vietnamese rice, framing the decisive action as a key component of the administration's broader policy to protect local farmers, curb unnecessary importation, and enforce strict agricultural regulatory standards.
The Philippine Economic Zone Authority (PEZA) will help Toyota Motor Philippines Corp. (TMP) pursue outstanding incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program, as the government seeks to sustain automotive manufacturing investments despite softer export prospects this year.
Shares of Mynt Inc., the fintech operator behind the popular e-wallet GCash, posted a stable performance during its initial trading sessions on the Philippine Stock Exchange, closing slightly lower on its second day at P6.59 apiece compared to its offer price of P6.60.
Samuel Z. Cariño, president and chief executive officer of Global Dominion Financing Inc., has been named “Asia’s Most Inspiring Executive,” highlighting his career progression and the financing company’s efforts to widen credit access for Filipino entrepreneurs.
The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.
The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.
The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.
The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.