UPS opens $80-M Clark hub

GMA Network - Oct 15, 2026

Global logistics firm UPS on Thursday opened its $80-million new hub at Clark International Airport.

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Gov’t urged to hasten Luzon corridor deals

Oct 15, 2026

Gov’t urged to hasten Luzon corridor deals

MANILA, Philippines — The country’s largest business group has urged the government to fast-track projects under the Luzon Economic Corridor (LEC) initiative, which it said presents a “significant opportunity” for Philippine businesses that could go unrealized without timely implementation. In a 75-page document released at the 52nd Philippine Business Conference and Expo, the Philippine Chamber

Peso breaches P63:$1

Oct 15, 2026

Peso breaches P63:$1

The Philippine peso weakened past the P63:$1 level in early trading on Thursday, breaching fresh record lows against the US dollar, data from the Bankers Association of the Philippines showed.

Safeguards for ‘legitimate’ ’28 campaign donations pushed

Oct 15, 2026

Safeguards for ‘legitimate’ ’28 campaign donations pushed

MANILA, Philippines — Considering top business executives’ role in bankrolling political campaigns, the country’s largest business organization is studying how it can help ensure that campaign contributions are “legitimate” ahead of the 2028 national elections. Philippine Chamber of Commerce and Industry (PCCI) president Ferdinand Ferrer said the group was already looking into the mechanics of

First Gen powers Japanese manufacturing facility in Cebu

Oct 15, 2026

First Gen powers Japanese manufacturing facility in Cebu

MANILA, Philippines — First Gen Corp. has activated a solar rooftop project for the auto and industrial parts production facility of a Japanese multinational firm. The Lopez-led firm said on Wednesday that the solar facility for NKC Group’s Cebu subsidiary is now operational, just in time as the Visayas region faces electricity issues. READ: First Gen

Exporters push stronger trade with China

Oct 15, 2026

Exporters push stronger trade with China

MANILA, Philippines — The largest exporters’ organization in the Philippines is calling for a recalibration of Manila’s trade and geopolitical relations with the United States and China, particularly amid uncertainties surrounding US President Donald Trump’s tariff policies. Sergio Ortiz-Luis Jr., president of the Philippine Exporters Confederation Inc. (Philexport), said he considered Beijing a more reliable

BCDA eyes commercial plaza in New Clark City

Oct 15, 2026

BCDA eyes commercial plaza in New Clark City

MANILA, Philippines —The Bases Conversion and Development Authority (BCDA) is planning to develop a 1,500-square-meter commercial plaza in New Clark City that would feature retail stalls, food establishments and landscaped public spaces. According to project documents posted on the BCDA website, the plaza will be located near the New Clark City Athletics Stadium and will

Favor farmers for our future

Oct 15, 2026

Favor farmers for our future

MANILA, Philippines — To secure the future of our children and grandchildren, we must favor the farmers. In the case of deciding tariff levels for domestic pork producers, we must keep this uppermost in mind. Our farmers provide us with the food we eat, as they earn income for themselves. Without this opportunity for work, they will

InstaPay, PESONet fund transfers hit P25T

Oct 15, 2026

InstaPay, PESONet fund transfers hit P25T

MANILA, Philippines — Filipinos moved more than P25 trillion in funds through the InstaPay and PESONet systems from January to September, as lower transaction fees promote rapid adoption of digital payments. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the combined value of transactions coursed through the two automated clearing houses surged 45 percent

SLIMTC set to exit trust products business

Oct 15, 2026

SLIMTC set to exit trust products business

MANILA, Philippines — Sun Life Investment Management and Trust Corp. (SLIMTC) will exit the trust products business as it undergoes a “planned and orderly transition,” Sun Life Philippines announced on Wednesday. According to Sun Life, the decision came after a “review of the company’s businesses and strategy in the Philippines,” with Sun Life Special Adviser to

Shaping the future of agriculture from mill to meal

Oct 15, 2026

Shaping the future of agriculture from mill to meal

MANILA, Philippines — Food is the foundational driver of economic growth: it builds human capital, powers labor productivity, and mitigates healthcare costs. Meeting today’s economic challenges requires more than just producing higher output volumes. It demands food systems that can withstand disruptions while adapting to evolving consumer needs. This shift is unfolding rapidly across Asia, where

BSP adopts risk-sensitive bank capital rules

Oct 15, 2026

BSP adopts risk-sensitive bank capital rules

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is adopting a new capital requirement for banks to ensure they hold enough funds to cover potential operational losses, aligning local prudential standards with international norms. Under Circular No. 1241, dated Oct. 9, the central bank adopted the Basel III New Standardized Approach (NSA), which banks will

BIR requires 5-year accreditation for e-invoicing providers

Oct 15, 2026

BIR requires 5-year accreditation for e-invoicing providers

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has mandated electronic invoicing service providers (ESPs) to obtain a five-year accreditation and has implemented measures to prevent excessive fees and vendor lock-in. Under Revenue Memorandum Circular No. 110-2026, the BIR mandates that ESPs secure accreditation before they can deploy electronic invoicing solutions commercially, and it will

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