Monday, 22 December 2025, 4:20 am

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    Japan cuts view on economy for first time in 10 months

    Japan's government on Wednesday slashed its view on the economy for November in its first such downgrade in 10 months, as weak demand weighed on capital spending and consumer expenditure.

    Union Bank starts offer of new series senior fixed-rate bond

    Union Bank of the Philippines on Monday started the public offer of its 1.5-year senior fixed rate series F bonds due 2025 and its 3-year senior fixed rate series G bonds due 2026. The offer ends 29 November.

    GM’s Cruise robo-taxi CEO resigns from company

    The CEO of General Motors' robot-taxi unit Cruise, Kyle Vogt, has resigned from the company a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet.

    Small modular nuclear reactor project discontinued in the US

    The push for bring compact nuclear reactors to market stumbled last week as exponents of the clean-energy technology—Utah Associated Municipal Power Systems and listed NuScale Power Corp.-- decided to terminate their decade-old Carbon Free Power Project.

    CAB keeps airline fuel surcharge unchanged for December

    The Civil Aeronautics Board (CAB) has maintained the passenger and cargo fuel surcharge to level 7 for December due to lower jet fuel prices. 

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    Sugar import ban to stay another year

    The Department of Agriculture (DA) said the ban on sugar imports will remain in place until December 2026, clarifying that it will not end in September 2026 when the current crop year ends.

    ERC clears NGCP’s P12.96B Camarines Sur substation

    The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) 500-kilovolt substation project in Milaor, Camarines Sur, which will serve as a connection point for offshore wind power projects. The project costs P12.96 billion.

    Tawi-tawi power coop restructures P400M debt

    The Department of Energy (DOE) said a new debt restructuring agreement between Kaltimex Rural Energy Corp. and the Tawi-Tawi Electric Cooperative (Tawelco) is expected to address around P400 million in unpaid obligations and help stabilize electricity service in the province, particularly in Bongao.

    DM Wenceslao tower gains PEZA status

    DM Wenceslao & Associates Inc.’s 8912 Asean Avenue has secured a major regulatory boost after the government declared the property a Philippine Economic Zone Authority–registered Information Technology Center, strengthening Aseana City’s appeal to global IT and business process management locators.

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