Korean and Philippine state agencies and corporations recently started construction on a new rice seed processing facility and warehouse with cold storage, marking a significant step in strengthening bilateral ties.
Normalizing coal and nickel prices undermined earnings of DMCI Holdings Inc., sending the nine-month net income of the diversified engineering conglomerate down 28 percent to P20 billion from P27.6 billion in the year-earlier period.
Close to a hundred power generation projects generating 25,511.066 megawatts (MW) have been cleared for system impact studies (SIS) with the National Grid Corporation of the Philippines (NGCP), according to the Department of Energy (DOE).
The budget deficit widened in September this year to P179.5 billion, just a shade under 60 percent from last year's P119.9 billion and the result of far more expenses this year than there were receipts generated, the Bureau of the Treasury said.
The House of Representatives deferred acceptance of the Articles of Impeachment against Vice President Sara Duterte, returned by the Senate, pending further clarification. In a resolution passed Wednesday night, the House affirmed that Duterte’s February 5 impeachment adhered to the 1987 Constitution and that the actions take as regards the initial three complaints followed due process. A separate motion stated that formal acceptance of the articles would be determined only after the Senate, sitting as the impeachment court, addresses the House’s clarification on procedural matters and jurisdiction, adding complexity to the unfolding political drama.
Malayan Insurance Co. Inc. was recognized as the country's “Most Sustainable and Liveable Insurance Company” at the 8th Nation Builders and Mosliv Awards, held at Okada Manila. The accolade was conferred by Sustainability Standards Inc., a global advocate of sustainable development aligned with the United Nations Sustainable Development Goals (SDGs).
The Jollibee Group convened over 270 international and domestic suppliers for its 2025 Global Supplier Summit, reinforcing its commitment to long-term, value-driven partnerships as it pursues aggressive global expansion and sustainability goals.
Key industry associations have voiced strong support for the reconciled version of the mining fiscal reform bill recently finalized by the Bicameral Conference Committee, citing its balanced approach to taxation and investment incentives.