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The Philippine stock market and the peso gained ground on Thursday after weaker-than-expected US producer inflation eased concerns over another interest rate hike by the US Federal Reserve later this month. The US Producer Price Index (PPI) fell by 0.3 percent in June, bringing the annual rate to 5.5 percent from 6.5 percent in May. The slowdown fueled expectations that …

State-run National Transmission Corp. (TransCo) and the Independent Electricity Market Operator of the Philippines, Inc. (IEMOP) have signed a memorandum of agreement (MOA) establishing a comprehensive operational framework for the implementation of renewable energy support funds and the management of Wholesale Electricity Spot Market (WESM) proceeds. The agreement was signed last week by TransCo President and Chief Executive Officer Joseph …

The Department of Agriculture (DA) has lifted the temporary ban on the importation of livestock, meat and animal by-products from Hungary after the European country was declared free from foot-and-mouth disease (FMD). The move follows the declaration by the World Organisation for Animal Health (WOAH) that Hungary is now free of FMD. The DA formalized the decision through Department Circular …

President Ferdinand Marcos Jr. inaugurated last week the first phase of the MTerra Solar Project in Nueva Ecija, marking a major milestone in the country’s transition to renewable energy.  The facility is expected to begin supplying electricity to the Luzon grid by September. Dubbed as the world’s largest integrated solar and battery storage facility, the 3,500-hectare project spans the municipalities …

Luzon International Premiere Airport Development (LIPAD) Corp. has unveiled the Clark AeroDistrict, the country’s first world-class airport city aimed at transforming Clark into a major aviation, logistics and business hub in Central Luzon. The project is backed by a consortium composed of Changi Airports International, JG Summit Holdings, Filinvest Development Corp. and Philippine Airport Ground Support Solutions. It marks LIPAD’s …

The Energy Regulatory Commission (ERC) has exempted qualified Energy Storage System (ESS) facilities from paying Power Delivery Service (PDS) charges during declared national energy emergencies. The move aims to encourage greater use of energy storage to help stabilize the country’s power supply. In a statement released last week, the ERC said it issued a resolution covering electricity drawn by qualified …

Senator-judge Panfilo Lacson on Thursday expressed concern over what he described as “obviously irrelevant” manifestations during the impeachment trial of Vice President Sara Duterte, saying they are beginning to test the patience of both lawmakers and the public. In a social media post, Lacson shared a lighthearted exchange with a fellow senator-judge following the sixth day of the trial on …

The Department of Justice (DOJ) on Thursday defended the National Bureau of Investigation’s (NBI) investigation into the alleged funding irregularities involving the New Clark City sports complex built for the 2019 Southeast Asian (SEA) Games. DOJ spokesperson Polo Martinez said the NBI’s actions were based solely on its legal mandate. He issued the statement after Senator Pia Cayetano questioned NBI …

The Bureau of Immigration (BI) has arrested a South Korean national wanted by the International Criminal Police Organization (Interpol) for allegedly operating a large-scale illegal online gambling syndicate in the Philippines. In a statement on Thursday, BI Commissioner Joel Anthony Viado identified the fugitive as Cho Yungeon, 52, who also used the alias Cho Min. He was arrested on July …

The number of working children in the Philippines increased slightly in 2025, although it remained below the level recorded in 2023, according to the Philippine Statistics Authority (PSA). The PSA estimated that 868,540 children aged five to 17 were working in 2025, up from 861,450 in 2024 but lower than the 1.09 million logged in 2023. Working children accounted for …