Manila Standard Business

26/08/2026

| State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is inviting interested parties to bid for its prime property in Diliman, Quezon City, with a minimum bid price of P11.09 billion, the agency said in a statement.

The property, located at Quezon Avenue corner Senator Miriam Defensor-Santiago Avenue (BIR Road), will be sold on an “as-is, where-is” basis. PSALM scheduled the pre-bid conference for Sept. 3 and set the bid submission deadline for Sept. 24.

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26/08/2026

│The Bureau of Internal Revenue (BIR) sealed or confiscated 297 betting machines, computerized betting units, servers and other devices during simultaneous enforcement operations on 11 cockpit arenas on Aug. 8, 2026.

│The Bureau of Internal Revenue (BIR) sealed or confiscated 297 betting machines, computerized betting units, servers and other devices during simultaneous enforcement operations on 11 cockpit arenas on Aug. 8, 2026.

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26/08/2026

│SM Prime Holdings Inc. (SMPH) is expanding three regional malls that will add about 70,000 square meters (sq. m.) of gross floor area to its retail portfolio in the fourth quarter.

│SM Prime Holdings Inc. (SMPH) is expanding three regional malls that will add about 70,000 square meters (sq. m.) of gross floor area to its retail portfolio in the fourth quarter.

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26/08/2026

│Thousands of Cebuano micro, small and medium enterprises (MSMEs) are set to receive a boost from “Unlad Lokal Visayas,” a joint program launched by TikTok Shop, the Department of Trade and Industry (DTI), Converge ICT Solutions, and the Cebu Provincial Government to provide local entrepreneurs with digital tools, training and wider market access.

│Thousands of Cebuano micro, small and medium enterprises (MSMEs) are set to receive a boost from “Unlad Lokal Visayas,” a joint program launched by TikTok Shop, the Department of Trade and Industry (DTI), Converge ICT Solutions, and the Cebu Provincial Government to provide local entrepreneurs with digital tools, training and wider market access.

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25/08/2026

| Philippine vehicle sales rose to 42,880 units in July, the highest monthly total so far in 2026, as the increase in electrified vehicle supply lifted the broader market even as overall sales remained below year-ago levels, industry data showed Tuesday.

The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) said their member companies sold 37,319 vehicles in July, up 0.6 percent from 37,079 units in June but down 2.5 percent from 38,295 units in July 2025.

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25/08/2026

| The Bangko Sentral ng Pilipinas (BSP) said Tuesday that time deposits are now included among eligible investment products under the Personal Equity and Retirement Account (PERA), expanding Filipinos’ retirement savings options.

PERA is a voluntary, tax-advantaged retirement savings program designed to supplement government benefits like the Social Security System and Government Service Insurance System.

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25/08/2026

| Two Philippine companies made Forbes Asia’s 100 to Watch list, the magazine’s sixth annual ranking of small companies and startups on the rise across the Asia-Pacific region.

Enterprise technology firm Clouted and finance company OneLot were the Philippine entries on the list.

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25/08/2026

│Cyberattacks in the Philippines surged in the first half of 2026, with data breaches, credential theft, ransomware and artificial intelligence-driven fraud all posting sharp increases, according to a report released by Viettel Cyber Security (VCS)

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25/08/2026

│The Philippines has received back-to-back credit rating affirmations from two global agencies, with Rating and Investment Information, Inc. (R&I) and Moody’s Ratings citing the country’s strong industrial base, improving fiscal position and stable banking system.

│The Philippines has received back-to-back credit rating affirmations from two global agencies, with Rating and Investment Information, Inc. (R&I) and Moody’s Ratings citing the country’s strong industrial base, improving fiscal position and stable banking system.

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25/08/2026

│Maya announced Monday it integrated the Philippine Statistics Authority’s National ID eVerify system to streamline digital onboarding.

│Maya announced Monday it integrated the Philippine Statistics Authority’s National ID eVerify system to streamline digital onboarding.

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