The Department of Agriculture (DA) will not ban rice imports for the rest of the year, choosing instead to build up emergency food reserves ahead of expected El Niño weather disruptions.
The Anti-Red Tape Authority (ARTA) and 15 government agencies have rolled out Joint Memorandum Circular No. 1, Series of 2026, introducing a unified digital permitting system designed to significantly reduce documentary requirements and processing time for housing projects as the government moves to accelerate residential construction.
Philippine palay production surged to a record second-quarter high, giving the government a timely boost in its bid to stabilize rice prices, although an expected weather-induced slowdown later this year underscores the fragile nature of the gains.
Philippine exporters stand to benefit from faster access to the Australian market after Federal Express Corp. (FedEx) introduced a new dedicated freighter service that shortens delivery times and strengthens regional supply chain connectivity.
The Department of Public Works and Highways (DPWH) has rolled out computer-guided paving technology to speed up the repair of EDSA while delivering better road quality and causing less hassle to the public.
The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.
The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.
Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.
Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in logistics parks and data centers in the Philippines, underscoring growing foreign interest in sectors benefiting from the country's expanding digital economy and infrastructure buildout.