DBM to government agencies: Tone down holiday-making

Inquirer.net - Nov 12, 2026

MANILA, Philippines — The Department of Budget and Management (DBM) has reminded government agencies to exercise “judicious and prudent” use of public funds in conducting year-end celebrations and other events, citing the pressures being felt by Filipino households from the energy crisis and mounting El Niño. Under Circular Letter No. 2026-15, the DBM said upcoming events,

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Globe prepares first of 3 undersea cables

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MANILA, Philippines — Globe Telecom Inc. is preparing to switch on the first of its three new international submarine cable systems by 2027, as it seeks to beef up its network capacity and redundancies against disruptions caused by cable cuts. In a media briefing on Wednesday, the Ayala-backed telco said the Asia Link Cable (ALC)

Luzon spot power rates surged 51%

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MANILA, Philippines — Households and businesses in Luzon may have to shell out more to settle their power bills this month, as the prices of electricity traded at the spot market spiked by 51.2 percent to P7.83 per kilowatt-hour (kWh) in October. Data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed on

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Weak growth momentum to spill into 2027–BMI

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Brazil traders oppose PH suspension of pork imports

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MANILA, Philippines — Industry groups in Brazil and the Philippines are urging the Philippine government to reconsider the two-month suspension of pork imports, warning that the measure could affect not only retail prices but also local enterprises. The Brazilian Animal Protein Association (Abpa) said the temporary import ban imposed by the Department of Agriculture (DA)

Why Philippine agriculture matters, even when budgets are tight

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MANILA, Philippines — Philippine agriculture has suffered another significant setback, with El Niño-related damage and losses reaching nearly P10 billion and affecting more than 324,000 farmers nationwide. The losses come at a difficult time for Filipino households, as overall inflation reached 7.8 percent in October 2026, with food inflation at 6.4 percent, adding pressure on

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MANILA, Philippines — Shell Pilipinas Corp. posted a net loss from January to September amid a sharp rise in expenses driven by higher fuel prices. In a regulatory filing, the oil giant said it had recorded net losses reaching P929.2 million, a reversal from P1.3 billion in the same period last year. READ: Shell Pilipinas bludgeoned

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DBM to government agencies: Tone down holiday-making

More News

Globe prepares first of 3 undersea cables

Luzon spot power rates surged 51%

BOI to reach P1-trillion investment goal in 2026

Weak growth momentum to spill into 2027–BMI

$250-M World Bank funding for Tesda seen by year-end

Brazil traders oppose PH suspension of pork imports

Why Philippine agriculture matters, even when budgets are tight

Shell shocked: Fuel costs leave firm bleeding

New Aklan greenhouse to boost high-value crops

Vietjet starts Ho Chi Minh flights from Cebu, Clark

MacroAsia profit drops on restructuring costs

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