P42 daily minimum wage hike in Central Visayas takes effect

GMA Network - Oct 14, 2026

The Department of Labor and Employment (DOLE) on Wednesday reminded employers to comply with the new minimum wage rates as the P42 daily wage increase in Central Visayas takes effect on October 14.

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DA eyes bigger ube exports as global demand surges

Oct 14, 2026

DA eyes bigger ube exports as global demand surges

MANILA, Philippines — The Department of Agriculture (DA) is ramping up purple yam (ube) production in Cagayan Valley to unlock more export opportunities amid surging global demand. Through its regional office in Cagayan Valley, the DA initially targets 100 hectares of farmland in Isabela for ube production and plans to expand to 500 hectares by

PCA taps sustainability group to boost coconut farming

Oct 14, 2026

PCA taps sustainability group to boost coconut farming

MANILA, Philippines — The Philippine Coconut Authority (PCA) has partnered with the Sustainable Coconut Partnership (SCP) to improve coconut farming in Davao and the Bicol Region. Both parties signed a memorandum of understanding (MOU) to establish a framework focusing on farm productivity and sustainable agricultural practices, providing long-term economic opportunities for coconut farmers and their

PH growth seen lagging Asian peers, IMF says

Oct 14, 2026

PH growth seen lagging Asian peers, IMF says

MANILA, Philippines — The International Monetary Fund (IMF) said the Philippines will likely lag behind most of its emerging and developing Asian peers this year as policymakers struggle to control inflation without further slowing economic growth. In its latest World Economic Outlook, released Tuesday, the Washington-based lender cut its 2026 growth forecast for the Philippines

DEPDev rolls out 6-year provincial planning framework

Oct 14, 2026

DEPDev rolls out 6-year provincial planning framework

MANILA, Philippines — Provincial governments will adopt six-year development plans under a new framework rolled out by the Department of Economy, Planning, and Development (DEPDev) to align local development priorities, public investments, and budgets. Launched on Tuesday, the Provincial Development Planning (ProvDP) Framework will guide provinces in setting their desired development outcomes, sector goals and

Study: AI boom gives PH chance to catch up in chip race

Oct 14, 2026

Study: AI boom gives PH chance to catch up in chip race

MANILA, Philippines — The global boom in artificial intelligence (AI) could give the Philippines a chance to narrow its gap with faster-growing Asian semiconductor exporters, as rising demand for advanced chips and more diversified supply chains open the door to new investments. That is according to logistics giant FedEx and Frost & Sullivan, which, in a

PH FDI net inflows hit 6-month high $689M in July

Oct 14, 2026

PH FDI net inflows hit 6-month high $689M in July

MANILA, Philippines — Net foreign direct investment (FDI) inflows to the Philippines rose to a six-month high in July, though investor sentiment remained subdued amid economic uncertainties at home and abroad. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed FDI inflows outpaced outflows by $689 million during the month, the highest since January’s net

PH dollar deficit seen narrowing as exports gain

Oct 14, 2026

PH dollar deficit seen narrowing as exports gain

MANILA, Philippines — The Philippines is expected to post narrower dollar deficits this year and in 2027 than previously forecast, as stronger exports fueled by the global artificial intelligence boom bolster foreign exchange inflows, the Bangko Sentral ng Pilipinas (BSP) said. The central bank projected a balance of payments (BoP) deficit of $9.2 billion by year-end,

NTC says draft rules won’t disrupt used phone market

Oct 14, 2026

NTC says draft rules won’t disrupt used phone market

MANILA, Philippines — Filipinos will still be allowed to buy and sell their personal used mobile devices without securing government permits under proposed regulations covering the commercial trade of refurbished phones, the National Telecommunications Commission (NTC) clarified. On Tuesday, the regulator said its draft rules on the importation and sale of refurbished mobile devices would

SEC warns public against Maharlika Play offer

Oct 14, 2026

SEC warns public against Maharlika Play offer

MANILA, Philippines — The Securities and Exchange Commission (SEC) has warned the public against investing in Maharlika Play, an unregistered platform offering returns of up to 333 percent in 45 days through a scheme supposedly financing high-stakes gaming. In an advisory, the regulator said Maharlika Play had neither SEC registration as a corporation, partnership or

Are buybacks always good for shareholders?

Oct 14, 2026

Are buybacks always good for shareholders?

MANILA, Philippines — Stock buybacks have become more visible at the Philippine Stock Exchange in recent months as share prices have weakened. When companies announce buybacks, one common reason they cite is that their share price has fallen far below what management believes is its intrinsic value. For investors, this can sound like a positive signal

Toyota woos PUV sector with Tamaraw jeepney

Oct 14, 2026

Toyota woos PUV sector with Tamaraw jeepney

MANILA, Philippines — Toyota Motor Philippines Corp. is bringing its Tamaraw back into the public transport market, this time as a modernized jeepney, building on the utility vehicle’s earlier popularity as a platform for UV Express services. Unveiled on Tuesday, the Tamaraw’s modern public utility vehicle (PUV) variant is the latest addition to its growing range

IMF warns higher borrowing costs are straining public finances worldwide

Oct 14, 2026

IMF warns higher borrowing costs are straining public finances worldwide

Rising sovereign debt and borrowing costs have prompted a fresh warning from the International Monetary Fund (IMF) about risks to the fiscal health of member countries, with 24-year highs in US Treasury yields expected to become one of the focal topics for central bankers and finance ministers gathering in Bangkok this week. The average yield on 10-year government bonds across the Group of Seven economies increased by more than 1 percentage point between February and September this year,...

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