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.
Retailers are warning of another wave of price increases as surging fuel prices, higher electricity rates and a new minimum wage squeeze businesses already operating on thin margins.
The Federation of Philippine Industries (FPI) said reforms at the Bureau of Customs (BOC) are giving manufacturers a lift, citing tougher anti-smuggling enforcement, faster trade processing and stronger revenue collection as key drivers of a more competitive business environment.
The Philippines saw its net financial obligations to foreign lenders and investors expand to $65.6 billion as of end-June 2026, equivalent to 13.4 percent of the country’s Gross Domestic Product (GDP). It is a reflection of what the country owns abroad versus what it owes to foreign entities. Preliminary balance sheet figures show this liability expanded from $55.0 billion, or 11.2 percent of GDP, recorded at the end of March 2026.
The Philippine Economic Zone Authority (PEZA) and Aboitiz Economic Estates are expanding an investor-assistance program designed to turn investment commitments into operating projects faster as international interest in the Luzon Economic Corridor grows.
The government is stepping up preparations for the expected impact of Super El Niño, rolling out measures to protect farms, water supplies, power systems and communities from extreme heat and prolonged drought.