Fuel prices drop over P4 per liter this week
The Department of Energy (DOE) confirmed fuel companies will roll back pump prices sharply this week, with cuts exceeding P4 per liter across all major products.
StB GigaFactory, BCDA explore clean energy projects
StB GigaFactory Inc. is expanding its clean-energy ambitions in the Philippines, partnering with the Bases Conversion and Development Authority to explore renewable power, battery storage, and electric mobility projects that could support the growth of next-generation industries.
DBM to submit P7.2T 2027 budget
The Department of Budget and Management will submit the proposed P7.2-trillion 2027 National Expenditure Program to the House of Representatives on Tuesday, marking an increase from this year’s P6.793-trillion national budget. Palace spokesperson Atty. Claire Castro said the NEP, which the DBM formally turned over to President Ferdinand Marcos Jr. on Monday, prioritizes education, health, livelihood, security, and stronger communities under the theme “people-centered growth for an inclusive and resilient future.” Castro said the spending plan seeks to improve public services while creating more jobs and economic opportunities for Filipinos. The proposal now moves to Congress for scrutiny and approval.
Ayala Land raises 2026 capex to P60B
Ayala Land Inc. is raising its 2026 capital spending plan to P60 billion from P50 billion, signaling stronger confidence in its project pipeline even as residential demand remains selective.
Over 38,000 Meralco customers still without power
More than 38,000 customers of the Manila Electric Co. (Meralco) remained without electricity Monday morning, as the enhanced southwest monsoon and Tropical Cyclones Luis and Maymay continued to disrupt services and cause widespread damage.
