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 Philippine financial system remains solid even amid difficult global conditions, the Financial Stability Coordination Council (FSCC) confirmed during its 46th Executive Committee meeting held at the Bangko Sentral ng Pilipinas (BSP) headquarters in Manila. FSCC Chairman and BSP Governor Eli M. Remolona, Jr. noted that global risks are still high, driven by geopolitical tensions in the Middle East and unstable financial markets, but emphasized the system is well-placed to absorb any shocks.

India’s InterGlobe Enterprises is seeking to open direct air links between Delhi and Mumbai and key Philippine gateways, potentially giving trade, tourism, and cargo flows between the two economies a significant boost.

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.

Logistics firm 2Go Group Inc. partnered with SMX Convention Center, Central Business Park, and SM Estates to roll out a unified permit and logistics facilitation system at SMX and Mall of Asia Complex, formalized via MOU Tuesday.

A Cebu City technical committee has recommended allowing the 118-hectare Monterrazas de Cebu development to proceed after finding that its inspected water-retention facilities exceed design requirements, according to developer Mont Property Group.

What started as government livelihood support has grown into a self-sustaining business, transforming traditional Ayangan tribal farmers into empowered entrepreneurs and forest caretakers.

Manila is poised to get its first Philippine Economic Zone Authority-accredited information technology center as developers move to tap renewed demand for IT-BPM and technology facilities in Metro Manila.

NephroPlus Philippines has expanded its dialysis network to 53 clinics nationwide as it seeks to broaden access to kidney care while strengthening prevention and early-detection programs in local communities.