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DOE drafts fuel transition plan to cut reliance on imported fuel

The Department of Energy (DOE) has developed a new mechanism designed to reduce the country’s heavy dependence on imported fuel and petroleum products. Energy Secretary Sharon Garin explained that while the draft is complete, it will first undergo consultations with other government agencies and industry stakeholders before being finalized.

Digiplus inks deal boosting digital gaming at LaVie Casino

Digiplus Interactive Corp. has entered into a cooperation agreement with New Coast Leisure Inc. and Total Gamezone Xtreme Inc. to operate digital gaming services at LaVie Resort and Casino Manila. The non-exclusive arrangement covers technical support, content integration, and management of approved online games. LaVie is owned by International Entertainment Corp., which Digiplus is in the process of acquiring.

Nickel Asia secures right to operate two Zambales nickel sites

Nickel Asia Corporation (NAC) on Wednesday said that its subsidiary Samar Nickel Mining Resources has signed an operating agreement with San Juanico Resources Corp. The deal gives Samar Nickel the right to manage mineral claims covering roughly 3,432 hectares in Candelaria and Sta. Cruz, Zambales, under MPSA No. 265-2008-III. It remains subject to approval by the Mines and Geosciences Bureau.

Foreign direct investment holds steady at $1.7 billion, reflecting confidence in Philippine economy

Foreign investors continue to show confidence in the Philippines, with total foreign direct investment (FDI) reaching US$1.7 billion in the first three months of 2026. Data from the Bangko Sentral ng Pilipinas (BSP) shows that both fresh equity placements and reinvested earnings remained largely unchanged compared to recent periods, signaling that overseas businesses see stable opportunities in the country.

SEC opens second comment period for revised online lending rules

The Securities and Exchange Commission (SEC) has released draft guidelines for a second round of public feedback, aiming to end the current moratorium on registering new online lending platforms while tightening rules to strengthen oversight and better protect borrowers.

Just in

Meralco strengthens earthquake readiness via full-scale drills

When the ground shakes, readiness cannot remain on paper. For Manila Electric Co. (Meralco), preparedness means putting plans, people, technology, and partnerships through their paces—before a real emergency does.

Philippines export streak hits 35-year high momentum

The Philippines’ export boom is showing signs of staying power, with merchandise shipments climbing 27.8 percent in August to USD9.11 billion—the highest monthly level in 35 years, the Department of Trade and Industry said.

SMPC rightsizes workforce; seawater inflows curb Acacia mine operations

Semirara Mining and Power Corporation (SMPC) is adjusting its workforce as persistent and rising seawater ingress restricts activity at its Acacia mine, with flows now overwhelming existing pumping capacity.

Blu Girls’ Asian Games medal wait continues

The Philippine Blu Girls will have to wait a little longer for their first Asian Games softball medal after Chinese Taipei turned Saturday's bronze-medal match into a three-inning rout.
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