Philippine Airlines (PAL) will launch a new nonstop flight between Manila and Chicago starting November 9, expanding its network in the United States. Chicago becomes PAL’s eighth U.S. and U.S. territory destination, alongside Honolulu, Los Angeles, San Francisco, Seattle, New York, Guam, and Saipan.
Relief measures for Philippine borrowers hit by the ongoing Middle East conflict may steady credit conditions but are likely to trim banks’ profitability, according to an April 16 report by S&P Global Ratings.
Households across the country are continuing to feel the pressure of rising prices as inflation drives up everyday expenses. The Bangko Sentral ng Pilipinas (BSP) has increased its 2026 average inflation forecast to 5.1 percent, citing global economic pressures and elevated oil prices. While fuel price rollbacks have provided occasional relief, higher costs for goods and services remain a persistent burden.
A local fuel retailer said pump prices are expected to go down again next week, with gasoline possibly dropping by ₱2 to ₱3 per liter and diesel by as much as ₱18 to ₱20 per liter.
The Department of Environment and Natural Resources (DENR), through the Environmental Management Bureau (EMB), will hold a public scoping on April 20, 2026 for a proposed solar energy project in Hermosa, Bataan.
The Department of Agriculture (DA) and Philippine Space Agency (PhilSA) formalized a five-year partnership Tuesday to deploy Earth observation, geospatial tools, and AI for strengthening agriculture, fisheries, disaster response, and climate resilience. The collaboration uses satellite data to speed up damage detection, improve irrigation planning, and shield food production from floods, droughts, and other risks.
Media giant ABS-CBN Corp. is set to lay off approximately 200 employees, representing roughly 7 percent of its total workforce, as it continues to grapple with persistent challenges in the content and advertising sectors.
The Department of Energy has formally certified that the one-month average price of Dubai crude oil has surpassed the $80-per-barrel threshold set by Republic Act 12316, triggering the process to consider suspending or reducing fuel excise taxes. From August 13 to September 11, 2026, the benchmark averaged $99.41 per barrel.
Mynt Inc., the fintech giant behind the widely used GCash app, is set to launch a historic initial public offering expected to reach roughly ₱92 billion. If finalized, the transaction will mark the largest fundraising event in the history of the Philippine Stock Exchange.