13 Arrested, Crude Oil Seized in Mandaue Wharf Raid
CIDG agents apprehend 13 individuals for illegal crude oil discharge at Ouano Wharf, Mandaue City. Seized items include drums of oil, vehicles, and a tanker valued at P20.5 million.
Category : Business
Globe and Confluent Partner for Real-Time Data Innovation in PH
Globe Business partners with Confluent to launch a managed data streaming platform, aiming to reduce costs by 40% and drive AI-first growth in the Philippines' digital economy.
Cebu Electricity Rates Rise, Sparking Consumer Concern
Cebu Electricity Rights Advocates express alarm as major distributors hike rates, citing market complexities and aging infrastructure, with costs increasing 15-20% early in 2026.
Aboitiz InfraCapital Wins Most Innovative Award Again
Aboitiz InfraCapital, Inc. has been honored as the Most Innovative Infrastructure Investment Company in the Philippines at the International Finance Awards 2025, marking its second consecutive win for this prestigious recognition.
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PDIC's CLIP 4.0 Streamlines Loan Settlements Indefinitely
The Philippine Deposit Insurance Corp. has indefinitely extended its Closed Bank Loan Incentive Program as CLIP 4.0, simplifying terms to accelerate recoveries and support borrowers of closed banks.
BIR Resumes Tax Audits and Field Operations After Suspension
The Bureau of Internal Revenue has officially lifted the suspension on tax audits and field operations, resuming activities like eLAs and TVNs under new guidelines.
China's Tourism Boom to Boost Asia-Pacific Economies
China's outbound tourism is experiencing a significant surge, driven by an extended Spring Festival holiday and rising demand for cross-border travel. The Asia-Pacific region, particularly Southeast Asia, is poised to benefit immensely from this wave of C
Metrobank Predicts BSP Rate Cut on Slowing Growth, Inflation
Metropolitan Bank & Trust Co. anticipates a 25 basis point rate cut by the Bangko Sentral ng Pilipinas on Feb. 19, 2026, due to slowing GDP growth and controlled inflation, with potential for further easing if price pressures remain subdued.
Hopia Sales Surge in Sari-Sari Stores During Chinese New Year
Data from Packworks' Sari IQ platform reveals hopia, Chinese wine, and Asian noodles posting significant sales increases across Philippine regions, driven by cultural traditions during Chinese New Year celebrations.
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Moody's Affirms Philippines' Baa2 Credit Rating
Finance Secretary Frederick D. Go welcomes Moody's positive assessment, citing strong fundamentals and fiscal discipline under the Marcos Jr. administration to drive growth.
OPEC Maintains Oil Demand Forecasts for 2026-2027
OPEC's latest report confirms unchanged forecasts of 1.4 million bpd growth in 2026 and 1.3 million bpd in 2027, driven by strong non-OECD demand from air travel and industrial activities.
Clark Freeport Signs P4-Billion Mixed-Use Deal on Ancestral Land
Clark Development Corporation and OzooDevelopment Corporation have signed a lease agreement for a 200-hectare integrated mixed-use development under a Joint Management Agreement for CADT 025-A, valued at P4 billion and expected to create 570 jobs.
PDIC Extends Closed Bank Loan Incentive Program as Clip 4.0
The Philippine Deposit Insurance Corporation has announced the indefinite continuation and simplification of its Closed Bank Loan Incentive Program, now Clip 4.0, offering faster relief to borrowers starting January 1, 2026.
TMI Sponsors Tsinelas-Making Training for PWDs in Davao de Oro
AboitizPower's Therma Marine, Inc. sponsored a four-day tsinelas-making training for 72 PWDs in Maco, Davao de Oro, fostering economic empowerment and self-confidence through livelihood skills.
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DBP Wins International Award for Agriculture and Reforestation
The Development Bank of the Philippines has been honored as the Top Community-Centric Company at the 2025 Asia Corporate Excellence and Sustainability Awards for its Agri-Puhunan at Pantawid Program and a 100-hectare reforestation project in Zamboanga Sib
Sultan Kudarat Tourism Boom: Kalimudan Festival Draws Millions
Sultan Kudarat province recorded over 6.8 million visitors in 2025, more than double 2024's figures, fueled by the Kalimudan Festival's cultural appeal and strategic tourism partnerships.
Cebu Launches 'Toilet Stops' for Tourists Across Island
Cebu's Provincial Tourism Office has identified the first 10 'toilet stops' across the island to provide clean and reliable restrooms for travelers, with repairs targeted for completion by March 2026 ahead of peak summer travel and ASEAN meetings.
Fuel Prices Rise for Sixth Week, Impacting Motorists
Motorists face another round of fuel price hikes starting February 17, 2026, with gasoline up by P1.20 per liter, diesel and kerosene by P0.60 per liter, driven by ongoing geopolitical tensions.
Cebu Electricity Rates Spike, Burdening Households
Cebuano families face financial strain as major power distributors implement electricity rate hikes, with costs rising 15-20% in early 2026. Advocates call for transparency and reforms to ease the burden.
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CLI and NTT UD Launch New Residential-Retail Project in Pasig
Cebu Landmasters Inc. strengthens its collaboration with Japan's NTT UD Asia for an eight-tower residential and retail development in Pasig City, marking a strategic expansion into Metro Manila's competitive market.
Pag-IBIG Invests P10B in Megawide for Housing Units
Pag-IBIG Fund has invested P10 billion in Megawide Construction Corp. to build over 7,000 socialized housing units in Cavite, supporting the Expanded 4PH program and offering a 9% annual return.
Cebu Maps 10 Tourist Toilet Stops for Traveler Convenience
Cebu's Provincial Tourism Office has identified 10 initial sites for designated toilet stops across the province, aiming to provide accessible and reliable restroom facilities for tourists traveling through key areas.
SM Prime Net Income Hits P48.8B in 2025, Up 7%
SM Prime Holdings achieved a 7% rise in net income to P48.8 billion in 2025, driven by commercial property growth and cost discipline. Revenues reached P141.1 billion, with malls leading at P85.1 billion.
Jollibee to Bring South Korea's Compose Coffee to Philippines
Jollibee Foods Corp. is planning to introduce South Korea's Compose Coffee to the Philippines as part of its strategy to expand its global coffee portfolio after strong 2025 results.
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Cebu Pacific Passenger Traffic Up 6.2% in Jan 2026
Cebu Air Inc., operator of Cebu Pacific, reported a 6.2% year-on-year increase in passenger traffic to 2.73 million in January 2026, driven by holiday demand and higher seat capacity.
Silent Erosion of Leadership in Family Enterprises
In family-owned businesses, succession often fails quietly as successors inherit authority without earning leadership. Entitlement and lack of challenge undermine capability, risking long-term viability. True leadership demands exposure to consequences an
Jollibee Opens Largest Multi-Brand Commissary in Danao, Cebu
Jollibee Group launches its first state-of-the-art, multi-brand commissary in Danao, Cebu, boosting supply chain efficiency and creating hundreds of jobs in Visayas and Mindanao.
DOLE Releases Chinese New Year 2026 Holiday Pay Rules
The Department of Labor and Employment has mandated specific wage rules for February 17, 2026, a special non-working day for Chinese New Year, including 30% to 50% additional pay for employees who work.
San Fernando Water District Removes VAT on Bills Retroactively
The City of San Fernando Water District announces retroactive removal of 12% VAT on water bills starting November 18, 2025, with refunds applied as advance payments to customer accounts.
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Business Group Calls for NLEX Connector Road Completion
The Pampanga Business Circle has urged authorities to finish a connector road to the North Luzon Expressway to alleviate severe traffic congestion near the Mexico Toll Plaza.
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