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Aboitiz Power eyes expanding renewables portfolio with P50B capex for 2024

Aboitiz Power Corp. has set aside as much as P50 billion for next year as capital expenditures.

Metrobank market maker three years in series

Metropolitan Bank & Trust Co. (Metrobank) is recognized by the Bureau of the Treasury (BTr) as Top Market Maker for Government Securities Eligible Dealers (GSED) for 2024 during the celebration of its 126th anniversary. The bank snags the title for the third consecutive time and for helping government in its financing requirements and enhancing Filipinos’ access to investment opportunities.

Agri chief says actions taken to assure supply, affordable prices of rice, sugar, onions

Agriculture Secretary Francisco Tiu Laurel, Jr. assured lawmakers that his agency is closely watching the market and is taking steps to assure sufficient supply of food items at affordable prices, particularly rice, sugar, and onions.

Shell Pilipinas all revved up for EV charging opportunities

Shell Pilipinas Corp. has secured stockholder approval to engage in the business of electric vehicle (EV) charging.

AREIT to acquire 276-hectare Zambales property via share-for-asset swap

AREIT Inc., the listed real estate arm of the Ayala Group, said Wednesday it will acquire a 276-hectare property in Zambales from Buendia Christiana Holdings Corp., a wholly owned subsidiary of ACEN Corp., via property-for-share swap valued at P6.77 billion.

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Foreign currency reserves drop to $97.4B

The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.

Motorcycle sales rebound 8.1% in Q3 to 524,860 units

Motorcycle sales among the country’s four major manufacturers rebounded in the third quarter of 2026, rising 8.1 percent year-on-year to 524,860 units as stronger monthly volumes in August and September reversed the previous quarter’s contraction.

ASEAN growth summit brings business leaders, Angelina Jolie to Manila

The Philippines will bring some of the world’s biggest business names, regional policymakers and Hollywood actress Angelina Jolie to Manila on November 11 for a summit focused on how Southeast Asia can protect economic resilience, accelerate digital transformation and ensure growth reaches smaller businesses and underserved communities.

Japan-Philippines friendship highlighted at 82nd Battle of Surigao Strait commemoration

The enduring friendship and diplomatic ties between Japan and the Philippines took center stage during the 82nd commemoration of the historic Battle of Surigao Strait, jointly organized by the City of Surigao and the Province of Dinagat Islands.

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