Nearly half a million Filipino fisherfolk depend on the West Philippine Sea for their livelihoods, making the area critical not only for territorial claims but also for the country’s economy and food supply. Speaking at the 10th anniversary commemoration of the 2016 South China Sea Arbitral Award, Agriculture Undersecretary for Fisheries Drusila Esther E. Bayate emphasized that securing fishing communities is key to strengthening food security, economic resilience and national sovereign rights. Official records show 453,246 registered fisherfolk live in areas along the West Philippine Sea, with the largest groups in Palawan, followed by Pangasinan, Batangas and Cavite.
Globe Telecom welcomed Executive Order No. 119 signed by President Ferdinand R. Marcos Jr. on July 13, calling it a major step to strengthen the country's cybersecurity and build public trust in digital government.
Netflix shares tumbled 7.3 percent on Friday after the streaming giant issued a third-quarter revenue forecast that fell short of Wall Street expectations, overshadowing another quarter of solid earnings and steady subscriber engagement.
Borrowing in foreign currencies by domestic industries drove a notable quarter-on-quarter increase in foreign currency deposit unit (FCDU) loans, which rose to $16.31 billion in the second quarter of 2026. This marks a 5.6 percent expansion from the $15.44 billion recorded in the previous quarter, signaling strong credit demand among key economic sectors operating in foreign trade and essential local industries.
Economic strains including higher prices for everyday goods are pushing most Filipinos to focus on covering current household expenses rather than setting money aside for future milestones, according to the latest Purple Report from East West Ageas Life Insurance Corp.
The government is expanding an existing economic zone in Cavite, opening an additional 1.46 hectares for companies seeking sites to establish or expand operations in the province.
Shareholders of ABS-CBN Corp. on Wednesday gave the green light to a P6-billion new investment infusion, alongside the issuance of additional shares first announced in August.