Acesite (Phils.) Hotel Corp. is taking a step back from plans to reopen the long-shuttered Waterfront Manila Pavilion Hotel, citing rising reconstruction costs and an uncertain outlook for tourism and gaming revenues.
The Philippines is on track for a stronger grain harvest this quarter, with palay production projected to rise 5.3 percent from a year ago, although slipping yields suggest farmers are still battling productivity challenges despite expanding planted areas.
The government has taken a major step toward securing the future of the country’s busiest air gateway, with the Manila International Airport Authority (MIAA) agreeing to acquire the 61-hectare property occupied by Ninoy Aquino International Airport (NAIA) Terminal 3 from the Bases Conversion and Development Authority (BCDA) in a P48-billion transaction.
As climate-related disclosures increasingly shape global trade, investment flows, and business competitiveness, the Philippines is moving to establish more reliable and consistent systems for measuring and reporting greenhouse gas (GHG) emissions across all industries.
Robinsons Land Corporation (RLC) has joined Pag-IBIG Fund’s growing network of private developers backing the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, giving Filipino workers more housing options they can finance through affordable Pag-IBIG loans.
Industry groups are pressing the government to toughen enforcement of mandatory product standards, questioning why enforcement actions appear to fall disproportionately on retailers while manufacturers of allegedly substandard goods largely escape prosecution.
The Philippine economy is headed for a sharper slowdown in 2026 as elevated energy costs, weak public investment and subdued business confidence weigh on domestic demand, the World Bank said, while lowering its growth outlook for next year.
The Clark International Airport Corporation (CIAC) earned a 99.56% rating from the Governance Commission for Government-Owned or -Controlled Corporations (GCG) in its 2025 Performance Scorecard — its best in three years.