NFA targets procurement of 500,000 MT of palay for ongoing harvest season

GMA Network - Oct 11, 2026

The National Food Authority (NFA) said on Sunday that it is targeting to procure up to 500,000 metric tons (MT) of palay (unhusked rice) this ongoing harvest season.

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DBM orders project review ahead of 2028 budget cycle

Oct 10, 2026

DBM orders project review ahead of 2028 budget cycle

MANILA, Philippines — The Department of Budget and Management (DBM) directed regional development councils (RDCs) to start reviewing and prioritizing projects as they prepare for the 2028 national budget. Consequently, they must submit endorsed proposals to national agencies by mid-December. The DBM and the Department of Economy, Planning and Development (DEPDev) have issued joint guidelines

NRDC eyes P30B private investments to rehabilitate degraded forestlands

Oct 10, 2026

NRDC eyes P30B private investments to rehabilitate degraded forestlands

The Natural Resources Development Corporation (NRDC), the corporate arm of the Department of Environment and Natural Resources (DENR), is launching an initiative to rehabilitate degraded forestlands and turn them into productive agricultural and forestry estates through private sector investments.

ERC approves Meralco rate reset after 15 years

Oct 10, 2026

ERC approves Meralco rate reset after 15 years

The Energy Regulatory Commission (ERC) on Saturday announced that it had approved Manila Electric Company"s (Meralco) regulatory rate reset for the first time in more than a decade.

DOLE: CALABARZON minimum wage up by P45 on Oct. 26, 2026

Oct 10, 2026

DOLE: CALABARZON minimum wage up by P45 on Oct. 26, 2026

The Department of Labor and Employment (DOLE) announced on Saturday that a daily minimum wage increase of up to P45 has been approved for workers in the CALABARZON region.

Better protection needed as violent cryptocurrency robberies surge

Oct 10, 2026

Better protection needed as violent cryptocurrency robberies surge

Cryptocurrency’s promise of financial freedom carries a cost the industry must confront: growing wealth can make its owners more attractive targets for violent criminals. Protecting digital assets while treating the physical safety of their holders as a personal matter is an inadequate approach to financial security. The industry must take responsibility for designing products and services which account for the reality that people can be threatened into surrendering their assets. The rise in...

Gen Z overtakes older collectors as art market spending rebounds globally: report

Oct 10, 2026

Gen Z overtakes older collectors as art market spending rebounds globally: report

Gen Z high-net-worth collectors have overtaken older generations as the art market’s biggest spenders, with average fine art expenditure more than twice that of older collectors, helping drive a global sales rebound to nearly US$60 billion, according to the latest Art Basel and UBS market insights. The surge came as mainland China and Hong Kong continued to play pivotal roles in the global art market’s growth, according to the Art Basel and UBS Survey of Global Collecting 2026, released earlier...

Mixed pump price adjustments seen Oct. 13

Oct 10, 2026

Mixed pump price adjustments seen Oct. 13

MANILA, Philippines — Diesel products are on track for three consecutive weeks of rollbacks, while gasoline prices are expected to increase anew on Oct. 13. In an advisory on Friday, Jetti Petroleum president Leo Bellas said diesel prices may decrease by P1.80 to P2 per liter, while gasoline may rise by P2 to P2.20 per

DBM: National budget not equivalent to 'vault full of cash'

Oct 10, 2026

DBM: National budget not equivalent to 'vault full of cash'

The Department of Budget and Management on Saturday shed light on the concept of national budgeting, saying that the National Expenditure Program is not akin to available cash in a vault.

KABAN Boracay hotel-casino partners with Korean, Japanese resto brands

Oct 10, 2026

KABAN Boracay hotel-casino partners with Korean, Japanese resto brands

Developer Golden TW Realty and Development Corp. announced Saturday a strategic partnership with restaurant group RVD, securing established Asian dining brands Chung Dam and Umi Matsu for Kaban Hotel and Casino, the first hotel-casino in Boracay Island.

Gov’t raises P167.25B from new retail bonds

Oct 10, 2026

Gov’t raises P167.25B from new retail bonds

MANILA, Philippines —˜The Marcos administration has raised P167.25 billion in new money from its 32nd retail Treasury bond (RTB) offering, exceeding its P150-billion target after a weeklong offer period. Initially, the Bureau of the Treasury (BTr) set a P30-billion target in its notice of offering before raising it to P150 billion during the launch. READ:

GCash IPO seen putting PH firms back on foreign investors’ radar

Oct 10, 2026

GCash IPO seen putting PH firms back on foreign investors’ radar

MANILA, Philippines — The strong reception for GCash parent Mynt Inc.’s initial public offering (IPO) is drawing investors’ attention beyond the fintech giant, with some now looking at other Philippine companies. On Friday, Mynt chief financial officer Evelyn Ng said a handful of investors they had spoken with were beginning to explore investment opportunities elsewhere in

Philippines aligns bond pricing with global convention

Oct 10, 2026

Philippines aligns bond pricing with global convention

MANILA, Philippines — The Philippines will adopt an international bond pricing convention on Jan. 4, 2027, covering eligible peso-denominated government and corporate securities as regulators seek to attract more investors and deepen market liquidity. On Friday, the Bangko Sentral ng Pilipinas (BSP) said the transition covers eligible peso-denominated, coupon-bearing securities. READ: PH to iron out bond

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