Top News
PCC imposes record ₱1.76-B fine on onion cartel
The Philippine Competition Commission (PCC) has imposed a record P1.76-billion fine on six onion trading businesses and their responsible officers for alleged anti-competitive conduct, with possible criminal prosecution to follow subject to evaluation by the Department of Justice (DOJ).
Remittances rise to $3.03 billion, giving households a modest lift
Cash remittances rose 1.9 percent to US$3.03 billion in August 2026 from US$2.98 billion a year earlier, showing that money sent home by overseas Filipinos continued to grow, though at a moderate pace. The United States remained the largest recorded source, followed by Singapore and Saudi Arabia.
NTC tests flag mobile network failures across Metro Manila
Nearly one in five mobile broadband tests in Metro Manila failed to meet the National Telecommunications Commission’s (NTC) 50 Mbps minimum speed standard, exposing persistent network gaps despite peak download speeds exceeding 400 Mbps.
Central bank projects continued dollar shortfall through 2027 amid global headwinds
The Bangko Sentral ng Pilipinas expects the country to spend significantly more dollars than it receives over the next two years, projecting a balance of payments deficit of $9.2 billion in 2026 and $8.5 billion in 2027.
NOW Telecom seeks review of P4-B NTC fee assessment, cites calculation discrepancies
NOW Telecom Co. Inc. is contesting a P4.043-billion assessment on supervision and regulation fees from the National Telecommunications Commission, filing a formal request to review and reconcile charges dating back to 2005.
