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.
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.
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.
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.
Cash remittances sent by overseas Filipinos (OFs) continued to post steady growth in July 2025, with inflows rising 3 percent year-on-year to US$3.18 billion, up from US$3.08 billion in July 2024, according to the Bangko Sentral ng Pilipinas (BSP).