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Malaysia’s price controls keep rice production low, exacerbating shortages

In September, amid a shortage of white rice in Malaysia, rice mill operator and wholesaler Allen Lim started receiving calls from supermarkets asking for additional supplies. But he had to turn them down.

Robinsons Land soars to P3.06B on strong mall, hotel businesses

Robinsons Land Corp. said Thursday third-quarter net profit surged 49 percent to P3.06 billion, driven by the strong growth in its shopping mall and hotel business. 

PAL, GCash partnership makes booking flights easy as pie

The Philippine Airlines (PAL has partnered with the mobile wallet of Globe Telecom Inc. to offer travelers more accessible and flexible payment options.

LGU borrowing plans nearly triple over six months

Proposed local government borrowings nearly tripled in the first six months this year to P43.1 billion from only P15.8 billion in the second half...

Megaworld net profit jumps 43% on strong property sales, leasing

Property developer Megaworld Corp. said Thursday its nine-month net profit jumped 43 percent to P12 billion on the back of robust double-digit growth in all its business segments.

Just in

Strong El Niño effects seen worsening in 2027; gov’t steps up preparations

The Philippines is already experiencing a strong El Niño, but its impact could worsen in early 2027 as rainfall declines across more provinces, prompting the government to accelerate preparations for possible drought, water shortages and agricultural losses.

AMLC report cited in ill-gotten wealth charge in VP impeachment trial

A tabulation presented by the Anti-Money Laundering Council (AMLC) to the Senate, sitting as an impeachment court, showed covered and suspicious transactions involving Vice President Sara Duterte’s accounts from 2007 to 2025. The records reflected total inflows of P1.41 billion, outflows of P1.06 billion, and P1.26 billion in transactions with undetermined inflow or outflow. The report also showed inflows from China and other countries amounting to hundreds of millions of pesos involving Cale88 Foods Corp., owned by Duterte’s husband, Atty. Manases Carpio, with whom she has an absolute community of property. The AMLC report forms part of the prosecution’s evidence on alleged ill-gotten wealth, as prosecutors contend their salaries and business income are insufficient to explain their accumulated wealth.

Split fuel price adjustments hit pumps; diesel down, gasoline and kerosene up

The various fuel retailers are implementing mixed price adjustments at the pump this week, ending a brief period of across-the-board rollbacks.

Group pushes urgent backing for rooftop project across ASEAN

The Asian Photovoltaic Industry Association calls for stronger regional support for rooftop solar and energy storage as core to building more resilient, flexible power systems.
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