NG debt to breach P19 trillion in 2026
THE NATIONAL Government’s (NG) outstanding debt is projected to balloon to a record P19.06 trillion by the end of 2026, a Department of Budget and Management (DBM) document showed on Wednesday.
Double-digit funding boost proposed for education, health in 2026
THE DEPARTMENT of Budget and Management (DBM) proposed double-digit increases for the Education, Health and Transportation departments under the 2026 national budget, but reduced the allocation for the Public Works department by 12%.
USDA cuts Philippine rice import forecast due to two-month ban
PHILIPPINE RICE IMPORTS are projected to decline by 500,000 metric tons (MT) this year compared to initial projections due to the two-month import ban set to take effect in September, according to the United States Department of Agriculture (USDA).
ADB approves $400-M loan for Philippines’ food stamp program
THE ASIAN Development Bank (ADB) has greenlit a $400-million loan to expand the Philippine government’s food stamp program aimed at reducing involuntary hunger among...
Ayala Q2 profit rises 17% to P10.8B on banking, property
AYALA CORP. reported a 17% increase in second-quarter (Q2) attributable net income to P10.76 billion from P9.21 billion a year ago, supported by higher...
GT Capital Q2 profit surges 39% to P9.28B on banking, auto gains
TY-LED conglomerate GT Capital Holdings, Inc. saw a 39% increase in its second-quarter (Q2) attributable net income to P9.28 billion from P6.67 billion last...
Yuchengco-led HI sets P22-B capex for 2025-2026 expansion
YUCHENGCO-LED holding company House of Investments, Inc. (HI) has allocated P22 billion in capital expenditures (capex) for 2025 and 2026 to fund expansion across...
Bloomberry posts P1.4-B net loss on softer gaming revenue
RAZON-LED integrated resort developer and operator Bloomberry Resorts Corp. reported a net loss of P1.4 billion for the second quarter (Q2), reversing a P1.3-billion...
Cebu Landmasters to launch P29-B projects in second half
LISTED Cebu Landmasters, Inc. (CLI) said it will launch 12 projects worth P29 billion in the second half of the year.
The planned projects consist...
Century Pacific Food Q2 profit rises 4% to P1.99 billion
LISTED food and beverage manufacturer Century Pacific Food, Inc. (CNPF) reported a 4% increase in second-quarter (Q2) net income to P1.99 billion from P1.91...
ABS-CBN cuts Q2 net loss to P290 million
ABS-CBN Corp. trimmed its attributable net loss for the second quarter (Q2) to P289.74 million, driven by higher advertising revenues and lower expenses for...
Meralco says it spent P1.9B to upgrade power infra
MANILA ELECTRIC CO. (Meralco) said it spent P1.9 billion in the second quarter to increase capacity by 450 megavolt-amperes (MVA) and upgrade substations and...