DOTr to bid out MRT-3 concession

Inquirer.net - Oct 24, 2026

MANILA, Philippines — The Department of Transportation (DOTr) on Friday announced it will bid out next year the P103.6-billion concession for Metro Rail Transit Line 3 (MRT-3). “Through public-private partnership, we bring in the expertise and investment this line needs,” Transportation Secretary Giovanni Lopez said in a statement by his agency. “What we need here

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SSS makes first overseas investment

Oct 24, 2026

SSS makes first overseas investment

MANILA, Philippines — The Social Security System (SSS) has made its first foreign investment after putting $200,000 in US government Treasuries, with newly appointed President and CEO Victor Limlingan planning to raise the pension fund’s offshore allocation to as much as 5 percent of its investment reserve fund (IRF) by 2027. Limlingan, who spoke to

JG Summit to acquire P519-M Oriental Petroleum shares from unit

Oct 24, 2026

JG Summit to acquire P519-M Oriental Petroleum shares from unit

MANILA, Philippines — JG Summit Holdings Inc. plans to acquire 37.05 billion shares in Oriental Petroleum and Minerals Corp. from its wholly owned subsidiary, placing the investment directly with the parent company. The conglomerate’s board said on Friday that it approved the proposed acquisition from JG Summit Capital Services Corp. on Oct. 22. READ: JG Summit

PNB 9-month profit jumps 15% to P21.3B

Oct 24, 2026

PNB 9-month profit jumps 15% to P21.3B

MANILA, Philippines — Philippine National Bank (PNB) saw its nine-month net income grow by 15 percent to P21.3 billion as lending expanded and the share of soured loans declined. On Friday, the Lucio Tan-led bank said its earnings in the January-to-September period rose from P18.5 billion a year earlier. READ: PNB first-half profit jumped 17% to

Washington cues $34-m grant to boost ube industry

Oct 24, 2026

Washington cues $34-m grant to boost ube industry

MANILA, Philippines — The US government is providing $34.1 million (about P2 billion) in funding to advance the development of the Philippine ube industry in the next few years. Lee Lipton, Washington’s Ambassador to the Philippines, said the US Department of Agriculture (USDA) had awarded the grant under its Food for Progress Program, which supports

International passenger traffic thru NAIA swells by 2.6%

Oct 24, 2026

International passenger traffic thru NAIA swells by 2.6%

MANILA, Philippines — International passenger traffic at Ninoy Aquino International Airport (Naia) has held up in the year so far, even posting modest growth despite flight disruptions and soaring airfares that have weighed on global travel for much of 2026. Data from New Naia Infra Corp. (NNIC), the operator of the country’s main gateway, showed that

After GCash, PSE chief sets sights on Maya

Oct 24, 2026

After GCash, PSE chief sets sights on Maya

MANILA, Philippines — Philippine Stock Exchange (PSE) president and CEO Ramon Monzon is setting his sights on a local listing for Maya, hoping GCash parent Mynt Inc.’s stock market debut will help persuade its rival to follow. “Let’s work on Maya, now that GCash has been listed already,” Monzon said in an interview. READ: Mynt

Japan debt watcher sees resilient PH economy

Oct 24, 2026

Japan debt watcher sees resilient PH economy

MANILA, Philippines — The Japan Credit Rating Agency (JCR) said the Philippine economy is likely to remain highly resilient to external shocks despite mounting tariff pressures, citing the country’s strong foreign exchange buffers and potential to diversify export markets. “Given its solid foreign currency liquidity position, JCR believes that the Philippines will remain highly resilient

How a Dubai trip to see his mom launched a film career

Oct 24, 2026

How a Dubai trip to see his mom launched a film career

James Durias Arieta came to Dubai with no plan other than to be with his ‘TNT’ mother, a visit that unexpectedly launched his career in cinematography

Storm Austen LIVE as Manchester wind warning in place, events cancelled and planes diverted

Oct 24, 2026

Storm Austen LIVE as Manchester wind warning in place, events cancelled and planes diverted

Follow the latest updates as a yellow wind warning is in force covering Greater Manchester and Cheshire

When extreme weather becomes the norm, are we ready for kids to learn from home?

Oct 24, 2026

When extreme weather becomes the norm, are we ready for kids to learn from home?

According to experts, much needs to be done to strengthen PdPR and make it accessible.

More than 52,700 registration seal badges secured by online sellers, others --BIR

Oct 24, 2026

More than 52,700 registration seal badges secured by online sellers, others --BIR

The Bureau of Internal Revenue said more than 52,700 certificates of registration with registration seal badges have been secured by online sellers, service providers, and content creators as of October 14.

Big dreams, growing pains in Indonesia: Prabowo’s turbulent 2 years in power

Oct 24, 2026

Big dreams, growing pains in Indonesia: Prabowo’s turbulent 2 years in power

When 35-year-old Bekasi resident Ika Kartika voted for Prabowo Subianto in Indonesia’s 2024 presidential election, she hoped the former general would restore a “Suharto-like” era of stability, when everyday essentials were affordable and life felt more predictable. Growing up, she had often heard her parents reminisce about the “good old days” under the late strongman, whose rule had brought a sense of order to their lives. Two years into his presidency, however, rising food prices have left Ika...

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