Top News
Fed cuts rates, signals more reductions ahead
The U.S. Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday (Thursday, Manila time), bringing the federal funds target range to 4.00–4.25 percent. The decision comes amid signs of slowing job gains, persistent inflation, and moderating economic growth.
DPWH drops P252B flood projects in 2026 budget revamp
Public Works Secretary Vince Dizon has removed P252 billion in locally-funded flood control projects from the Department of Public Works and Highways’ (DPWH) proposed 2026 budget, following President Ferdinand Marcos Jr. 's directive to reallocate funds to more essential sectors.
Romualdez resigns as Speaker amid flood control controversy
Leyte Rep. Ferdinand Martin Romualdez resigned Wednesday as Speaker of the House, citing the need to restore public trust amid allegations tied to flood control projects personally flagged by President Ferdinand Marcos Jr.
DA trims 2025 palay production forecast amid flooding; record output still eyed
The Department of Agriculture (DA) has scaled back its rice production target for 2025, citing widespread flooding in key agricultural areas. But even with the adjustment, the DA said the country is still on track to surpass its high palay harvest this year.
Andrew Tan’s Travellers targets 2026 for new resort builds
Travellers International Hotel Group Inc., the gaming and leisure company controlled by tycoon Andrew Tan, announced it will begin construction of two major gaming facilities in Mactan, Cebu and Boracay Island, Aklan by next year, with a combined investment of $700 million.
