Companies

Nike expects to incur an additional USD1 billion in costs due to tariffs imposed during the Trump administration, prompting the company to accelerate efforts to diversify its supply chain away from China. “These tariffs represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer, during the company’s earnings briefing on Thursday. “With the new tariff rates …

Combined global vehicle sales of eight major Japanese automakers rose slightly by 0.5 percent year-on-year in May, reaching 2.02 million units, according to data released Friday. Toyota Motor Corp. led the growth with a 6.9 percent increase in global sales, driven by strong demand for hybrid vehicles in North America. Rush purchases in the United States also continued amid concerns …

Finance Secretary Ralph G. Recto and newly appointed Securities and Exchange Commission (SEC) Chairperson Francis Lim have committed to fast-tracking key reform initiatives aimed at improving the ease of doing business and strengthening the country’s capital markets. The SEC, operating under the supervision of the Department of Finance (DOF), plays a crucial role in protecting investors, maintaining fair and efficient …

San Miguel Corporation (SMC) marked five years of cleaning up major rivers and 10 key waterways in Metro Manila and surrounding provinces — removing a total of 8.5 million metric tons of silt and solid waste as of end of June 2025 Project Better Rivers PH was launched in 2020, with the goal of reducing river pollution and help minimize …

Manila Water remains committed to supporting clean and healthy communities with the rollout of its July desludging program across the East Zone of Metro Manila and parts of Rizal Province.  The company urges residents to actively participate in the desludging program which is an essential service that will prevent environmental pollution and promote public health. To ensure residents are prepared, Manila Water is …

A hundred farmers from Manaoag, Pangasinan completed last July 1, 2025 the SM Foundation’s 14-week Kabalikat sa Kabuhayan (KSK) Farming Program at SM City Urdaneta. Under the KSK program, the farmers learned modern farming techniques and business skills designed to boost their potential by enhancing their high-value crop yields and increasing their income potential. The program addresses critical gaps in …

In observance of International Plastic Bag Free Day 2025, environmental justice group BAN Toxics renews its call to mains committed to eliminate plastic pollution in all forms. This annual global campaign, launched by Zero Waste Europe and other environmental groups, aims to raise awareness on the devastating impact of single-use plastic bags and promote sustainable, reusable alternatives. In partnership with …

Canned sardine manufacturers have decided not to push through with a proposed P3 price increase on their products, the Department of Trade and Industry (DTI) announced, providing relief to consumers amid rising living costs. The decision followed a meeting between Trade Secretary Maria Cristina Aldeguer-Roque and members of the Canned Sardines Association of the Philippines (CSAP), which includes major industry …

The national government’s budget deficit in May narrowed to P145.2 billion, driven by strong revenue growth and moderated spending, according to data released by the Bureau of the Treasury (BTr) on Thursday. This marks an improvement from the P174.9 billion deficit recorded in the same month last year. Revenue collections in May reached P433.1 billion, up by 13.35 percent from …

To enhance consumer protection and align with President Ferdinand R. Marcos Jr.’s vision of building “future-ready” industries, the Department of Trade and Industry (DTI) announced on Friday that it will adopt international safety standards for portable power banks. “With the growing use of power banks and the global surge of battery-related incidents … we must ensure that only safe, reliable …