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AirAsia Philippines is gradually phasing out older aircraft as part of its fleet modernization program, the budget carrier announced Monday.

The Philippines’ rise to 47th out of 70 economies in the 2026 IMD World Competitiveness Yearbook marks a notable step forward, but sustaining the momentum will depend on deeper structural reforms, stronger institutions, and accelerated digitalization of government services, according to the Anti-Red Tape Authority (ARTA).

Ayala Land Offices (ALO) has secured global digital healthcare provider Eucalyptus for its Click Space flexible workspace platform, underscoring the Philippines’ growing appeal as a destination for high-value, technology-driven outsourcing and knowledge-based services.

Companies and foundations linked to tycoon Enrique K. Razon Jr. have launched a coordinated humanitarian response following  the magnitude 7.8 earthquake that struck southern Mindanao on June 8, mobilizing logistics, utilities, and community resources to support relief operations in General Santos City and Sarangani.

The Securities and Exchange Commission (SEC) is developing a formal regulatory framework for market making in listed securities, aiming to revive market activity and bring local practices in line with global standards. It has released the Draft SEC Rules on Market Making for public feedback until July 7.