USABC wraps largest-ever defense mission to Manila
The US-ASEAN Business Council (USABC) concluded its 2025 Aerospace, Defense, and Security (ADS) Mission to the Philippines, marking the largest industry delegation in its 41-year history. Held from 14 to 15 August, the mission brought 26 top U.S. defense and aerospace firms to Manila to strengthen strategic ties amid deepening U.S.-Philippines security cooperation.
Globe accelerates network expansion
Globe Telecom ramped up its network infrastructure development in Q2 2025, highlighting aggressive expansion and 5G rollout efforts aimed at meeting the country’s surging digital demand.
Abacore Capital reports 15% profit surge in 2024
Abacore Capital Holdings Inc. (PSE: ABA) reported a strong financial performance for 2024, with net income rising to ₱3.293 billion, up ₱429 million or nearly 15 percent from ₱2.864 billion in 2023. The company attributed this growth to a 35 percent increase in other income (₱3.458 billion), a reduction in administrative expenses to ₱155 million, and dividend income reaching ₱7.3 million.
BSP unveils art exhibit on culture and capital
The Bangko Sentral ng Pilipinas (BSP), in collaboration with the National Museum of the Philippines (NMP), has launched “Kultura. Kapital. Kasalukuyan. Contemporary Art from the BSP Collection”, at the National Museum of Fine Arts in Manila.
Public-private pact powers Bacolod Rum Festival
The City Government of Bacolod and Tanduay Distillers Inc. have renewed their strategic partnership for the 5th Tanduay Bacolod Rum Festival, scheduled from 28 to 31 August, in alignment with the global observance of Rum Month.
