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LRMC pulls LRT-1 train from service after leak, tightens maintenance for commuter safety

Light Rail Manila Corp. (LRMC), operator of LRT-1, immediately removed a fourth-generation train from service after detecting a water leak inside one carriage, acting swiftly to protect passenger comfort and reliability.

SEC mandates OARS for all new fundraising registration filings

The Securities and Exchange Commission (SEC) will require all companies raising capital in the equities and debt markets to file registration statements exclusively through its Online Application for Registration Statements (OARS) platform, under Memorandum Circular No. 24.

Lenovo rises 43 spots to #153 on Fortune Global 500, all-time high

Lenovo has climbed 43 places to rank 153rd on the latest Fortune Global 500 list, marking the highest position in the company’s history and one of its most notable advancements in recent years.

Levanta Renewables secures ₱6.2-B funding for 166-MWp Iloilo solar-plus-storage facility

Singapore-based Levanta Renewables has reached financial close on its 166-megawatt peak solar power plant paired with an 80-megawatt-hour battery energy storage system in Barotac Viejo, Iloilo, sealing the ₱6.215-billion co-financing deal with Philippine National Bank during an August 5, 2026 ceremony at Makati Shangri-La.

PMFTC says BIR crackdown curbs illicit cigarette trade

Philip Morris Fortune Tobacco Corp. (PMFTC) said intensified enforcement by the Bureau of Internal Revenue (BIR) and other government agencies has helped reduce illicit cigarette trade, potentially limiting tax leakages from untaxed tobacco products.

Just in

NNIC remits P78B to government, invests P6.8B in NAIA overhaul

New NAIA Infra Corp. (NNIC) has remitted P78 billion to the national government and poured P6.8 billion into rehabilitation and modernization works at the Ninoy Aquino International Airport (NAIA) since taking over operations of the country’s main gateway on September 14, 2024, marking substantial early progress under the public-private partnership (PPP) framework.

Manulife, Chinabank renew bancassurance tie; MCBL marks new milestone

Manulife president and chief executive officer Phil Witherington visited Manila recently to meet with Chinabank’s executive leadership, highlighting the deepening long-standing bancassurance partnership between the two firms through Manulife China Bank Life Assurance Corporation (MCBL).

Ayala, BIR team up on AI-powered tax assistant

Ayala Corp. is bringing artificial intelligence into Philippine tax administration through a six-month partnership with the Bureau of Internal Revenue (BIR) to develop an AI-powered assistant designed to help revenue personnel find and verify tax rules faster.

Allianz PNB Life nearly doubles first-half new business

Allianz PNB Life (AZPNBL) nearly doubled new business in the first half of 2026, lifting the insurer to third place in the Philippine life insurance industry as it marked its 10th year of operations.
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