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News
Dermacare execs arrested over alleged investment fraud
4+ day, 2+ hour ago (391+ words) MANILA, Philippines — The Securities and Exchange Commission (SEC) reported that authorities have arrested the owner and a key officer of Dermacare for allegedly soliciting unauthorized investments, committing investment fraud, and engaging in syndicated estafa. On Thursday, the SEC announced that…...
PhilWeb gets 30% stake in JKS Tech
4+ day, 19+ hour ago (252+ words) MANILA, Philippines — PhilWeb Corp. is acquiring a 30-percent strategic stake in JKS Tech Solutions Inc. for about P4.23 billion, giving the listed technology firm foothold in a profitable business-to-business (B2B) digital infrastructure company. On Wednesday, PhilWeb said it had executed definitive agreements…...
BYD car sales in the Philippines zoom past 2025 record
4+ day, 19+ hour ago (409+ words) Philippine sales of Chinese auto giant BYD have already surpassed their previous full-year record with four months left in 2026, as soaring fuel prices helped drive stronger demand for electric vehicles (EVs). According to BYD Cars Philippines, it sold 28,399 units from…...
‘Green lane’ shaves 11 days off red tape
5+ day, 19+ hour ago (335+ words) MANILA, Philippines — Projects covered by the government’s “green lane” program are getting permits about 11 days faster than usual, helping strategic or nationally significant investments move closer to implementation. Latest data from the Board of Investments (BOI) showed that, based on…...
PSEi rebounds above 6,100 on bargain hunting
6+ day, 4+ hour ago (240+ words) MANILA, Philippines — Local stocks returned above the 6,100 level on Tuesday as investors hunted for bargains, while foreign funds flowed back into the market. The benchmark Philippine Stock Exchange Index (PSEi) rose 0.37 percent, or 22.31 points, to close at 6,105.99. READ: PSEi slips…...
Domestic fuel prices soar anew amid ME war
1+ week, 8+ hour ago (119+ words) MANILA, Philippines — Motorists will have to shell out up more for fuel products as oil firms plan to raise prices by about P5 per liter starting Tuesday. In a media briefing, the Department of Energy (DOE) said local fuel retailers can…...
PH exports hit record $54.9B in 7 months
1+ week, 19+ hour ago (473+ words) MANILA, Philippines — Philippine merchandise exports from January to July reached a fresh peak of $54.92 billion, driven primarily by booming electronics and semiconductor shipments as the country attempts to replicate the banner year it had in 2025. Citing Philippine Statistics Authority (PSA)…...
Berong Nickel spends P168m on mine site rehab
1+ week, 19+ hour ago (333+ words) QUEZON, Palawan—A subsidiary of DMCI Mining Corp. has spent P168.3 million over the last four years to rehabilitate its mining site in this province. Berong Nickel Corp. (BNC), a unit of DMCI Mining, said the amount invested between June 2022 and…...
New ‘power play’ for food security
1+ week, 1+ day ago (669+ words) MANILA, Philippines — The renewable energy arm of the Citicore Group is embarking on a long-term “power” play, harnessing the sun and soil to support the government’s agenda on food security and energy transition. That long game began in 2021 when Citicore…...
PH factories rev up to near-decade high
1+ week, 5+ day ago (403+ words) MANILA, Philippines — Manufacturing activity in the Philippines surged to its strongest level in nearly a decade in August, sustaining its expansion for the fourth straight month on the back of easing inflationary pressures that fueled new orders and lifted business…...