Top News
Overseas remittances surge to record 1H high of $3.04 billion in June
Overseas cash remittances hit a mid-year peak in June 2026, climbing to US$3.04 billion. Marking the highest monthly cash inflow recorded throughout the first half of the year, the performance underscored the robust foreign exchange earnings sent home through the formal banking networks. Seasonally adjusted personal remittances, encompassing both formal bank transfers and informal channels as well as in-kind support, mirrored this upward trajectory over the same period.
MPTC and SMC accelerate multi-billion expressway merger to form infra giant
Metro Pacific Tollways Corp. and San Miguel Corp. are fast-tracking negotiations to consolidate their tollway operations into a single giant infrastructure platform, targeting to finalize the landmark deal within the year.
GoodSam Medical Center first Nueva Ecija hospital to switch to renewable energy
GoodSam Medical Center, part of Mount Grace Hospitals Inc. (MGHI), has become Nueva Ecija’s first medical facility to run on renewable energy, via a supply deal with First Gen Group.
PLDT flags material weakness in financial controls
PLDT Inc. said it has identified a material weakness in its internal controls over financial reporting as of December 31, 2025, after a reassessment of deficiencies tied to the accounting of certain structured hedge arrangements.
Nestlé seeks evidence before higher sugar taxes
Nestlé Philippines is urging the government to take a data-driven, consultative approach to any increase in the tax on sugar-sweetened beverages, arguing that higher levies should be judged by whether they actually improve Filipinos’ health.
