President Ferdinand Marcos Jr. has welcomed Mitsubishi Corporation's proposed US$700-million investment in Ayala Corporation, which could reportedly become one of the largest foreign equity investments in the Philippines.

MANILA, Philippines — More than 8 million customers of Manila Electric Co. (Meralco) may have to pay more after regulators approved a rate increase of about 13 centavos per kilowatt-hour, the first adjustment after 15 years. The Energy Regulatory Commission (ERC) gave the green light for Meralco’s new average distribution rate of P1.48 per kWh,

MANILA, Philippines — Information and Communications Technology Secretary Henry Rhoel Aguda has resigned and Malacañang had “already accepted” his resignation, Ombudsman Jesus Crispin Remulla said on Saturday. There was no immediate confirmation from Malacañang. Palace insiders said that President Marcos himself would speak about this matter on Sunday before flying back from Singapore, where he

MANILA, Philippines — Cardinal Luis Antonio Tagle is the new dean of the College of Cardinals, considered as a group of elites who advise the Pope and elect a new one when the papacy becomes vacant. This makes Tagle, 69, the first Filipino and Asian dean of the College after Pope Leo XIV approved his

MANILA, Philippines — The National Bureau of Investigation on Friday filed a complaint before the Office of the Ombudsman against Commission on Human Rights (CHR) Chair Richard Palpal-latoc and three others for allegedly claiming travel allowances for a monthlong overseas seminar that was already funded by a donor. The other subjects of the complaint were

MANILA, Philippines — The Philippine Health Insurance Corp. (PhilHealth) has warned healthcare providers and the public against online posts and advertisements offering assistance to secure or expedite accreditation with the state insurer. PhilHealth said it had not authorized any third party to facilitate or speed up the accreditation process on its behalf. “PhilHealth has not

The Philippines could import up to 200,000 metric tons (MT) of rice annually from the United States starting in 2028 under a recently signed memorandum of understanding (MOU) between rice industry groups from the two countries.

MANILA, Philippines — Executive Secretary Ralph Recto has directed government agencies to accelerate public spending and begin early procurement for 2027 programs, particularly those aimed at preparing the country for the anticipated “super” El Niño. “We have one more quarter to improve spending for the year. Let’s get our acts together in the fourth quarter,”

MANILA, Philippines — More than 1.56 million minimum wage earners in Calabarzon region are expected to benefit from a daily wage increase of up to P45 starting Oct. 26, following the approval of a new wage order by the Regional Tripartite Wages and Productivity Board (RTWPB 4A). Under Wage Order No. IVA-23, the maximum P45