Oil markets jolted higher Thursday as geopolitical tensions in the Strait of Hormuz escalated, with Iran and the US both asserting control over one of the world’s most critical energy chokepoints.
The US has committed more than P639 million in fresh health assistance to the Philippines, deepening a multibillion-peso partnership aimed at strengthening the country’s response to infectious diseases and improving health system resilience.
The Philippines is positioning itself for a larger role in the US’ critical minerals supply chain, with fresh details expected as both sides prepare for a bilateral strategic dialogue next week, Philippine Ambassador to the US Jose Manuel Romualdez said.
Global markets are bracing for turbulence after the US weekend strike in Venezuela, which resulted in the capture of President Nicolas Maduro and signals a temporary US administration of the country. Analysts warn the move could ripple across energy markets, with implications for the Philippine economy.
Philippine exports to the US—supercharged for months by aggressive front-loading—are expected to return to more typical levels soon as tariff pressures ease and the trade environment settles, according to Export Marketing Bureau Director Bianca Sykimte.
Chinabank secured two honors at the 22nd Philippine Quill Awards, anchoring the SM Group’s total of 15 recognitions alongside BDO Unibank, BDO Life, SM Foundation and SM Supermalls. Its “CBC Investor Relations: Focused on Value” won in Financial Communication and Investor Relations, while “My CBC: An App Fit for Beauty Queens” took home the Marketing, Advertising and Brand Communication award.
PHirst Park Homes Inc. awarded two buyers their reserved house-and-lot units for free in the first draw of its nationwide #OwnTheDream raffle promotion, while also recognizing its top-performing sales teams during its Mid-Year Sales Awards.
The Philippines hosted the 13th ASEANTOM Annual Meeting Aug. 11–13, 2026 in Manila, leading ASEAN cooperation on nuclear safety, security and safeguards.
CDO Foodsphere Inc. is marking its 50th year by continuing to develop products and enter new food categories shaped by the changing tastes, needs, and lifestyles of Filipino families.