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Business Mirror - June 09, 2026

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Business Mirror Description:

Uitgever: BusinessMirror

Categorie: Newspaper

Taal: English

Frequentie: Daily

A broader look at today's business, ‘BusinessMirror,’ the name, signals the paper’s commitment to provide people with a broader look at the nation’s business in these challenging times. BusinessMirror provides as well the means for interaction at every level, across all fields: government with private sector; policymaker with ordinary citizen; corporations with workers; executives with subordinates; big business with small business; entrepreneurs with fellow entrepreneurs—the encounters are limitless, and, mirrored here, provide the dynamism that makes coverage so much more exciting and far broader than an ordinary business paper’s.

In dit nummer

June 09, 2026

KOREA'S STOCK MARKET BOOM SHOWS POWER OF RETAIL

From K-pop to K-beauty, South Korea’s newest cultural wave is stock investing.

3 mins

Magnitude 7.8 quake rocks Mindanao

A TOTAL of 19 people were killed while 134 others were injured as a magnitude 7.8 offshore earthquake near Maasim, Sarangani Province, rocked Mindanao Monday morning, the Office of the Civil Defense (OCD) reported.

8 mins

Inflation relief masks underlying pressures

THE recent slowdown in inflation offers temporary relief, but underlying price pressures continue to spread across the economy, according to the Federation of Philippine Industries (FPI).

1 mins

CORE INFLATION ABOVE TARGET BAND FLAGGED

EXPERTS view the recent spike in core inflation, which has breached the upper end of the central bank’s target band for the first time in over two years, as a sign of second-round effects requiring vigilance.

3 mins

House impeachment prosecution team recognizes only Gatchalian

THE 11-member House prosecution panel on Monday said it will recognize only notices and orders issued under the leadership of acting Senate President Sherwin Gatchalian, aligning with the position of the House of Representatives amid the ongoing leadership dispute in the Senate.

3 mins

Sara’s ‘non-answer’ merits mere manifestation from prosecutors

THE 11-member House of Representatives prosecution panel on Monday opted to file a manifestation instead of a reply to Vice President Sara Z. Duterte’s answer to the Articles of Impeachment, arguing that her submission “raised no factual issues requiring a substantive response.”

5 mins

No more 18 ‘ex-marines’ tag for Defensor’s ‘witnesses’

THE Senate Blue-Ribbon committee as constituted under the new, post-June 3 Senate leadership on Monday pushed through with what it called an “organizational meeting,” but summoned resource persons, just the same, to put in context the “testimonies” of the so-called “18 Marines” surfaced by former Quezon City Rep. Michael Defensor and lawyer Levito Baligod, who hogged attention at the “committee hearing” called by the former Blue-Ribbon chairwoman on June 4.

2 mins

DOLE urged to strengthen legal protection for job-order workers

THE government must strengthen legal protection for job-order and contract-of-service workers in the public sector, according to a labor group leader, who said thousands of workers remain vulnerable despite performing essential functions across government agencies.

2 mins

Why having a ‘Sense of Purpose’ is so important?

BEFORE Corona and the Ukraine war, in the years that seem good to us today, it was the latest trend in management fads: companies should formulate a higher purpose for themselves.

2 mins

Celebrating Biñan’s heritage, creativity, and community spirit

For Biñan, the Puto Latik Festival is not only a yearly event but a continuing expression of community, memory, and identity that connects generations through shared tradition.

8 mins

Oil jumps as Iran and Israel exchange fire with truce at risk

OIL surged after Iran and Israel exchanged fire, threatening a fragile ceasefire in the Middle East as talks to end the war falter.

2 mins

Israel and Iran trade strikes, threatening to drag Middle East back to full-scale war

Israel and Iran traded fire early Monday in retaliatory strikes that threatened to drag the wider Middle East back into a full-scale regional war, while Yemen’s Houthi rebels also fired at Israel and warned they would target Israel-affiliated ships in the Red Sea, further escalating tension.

4 mins

San Jose del Monte City local govt hits PrimeWater legal maneuverings

THE city government of San Jose del Monte, Bulacan, has assailed the Villar-owned PrimeWater Infrastructure Corp.’s latest petition seeking injunctive relief against its effort to resolve the continuing water crisis.

1 mins

'Garbage dumping outside Davao DENR office a disrespect of law'

MALACANANG on Monday condemned the dumping of garbage in front of the Department of Environment and Natural Resources (DENR) office in Davao City, calling it a violation of environmental laws and a distraction from efforts to address public safety concerns arising from a recent landfill tragedy.

2 mins

Red Cross teams in search, rescue operations in earthquake-hit areas

PHILIPPINE Red Cross RC143 volunteers equipped with ambulances have launched search and rescue operations in North Cotabato, South Cotabato, and Gingoog City, as well as other areas affected by the 7.8 magnitude earthquake that shook the area on Monday morning.

2 mins

Pope Leo celebrates Mass for 1.2 million in Madrid, challenges Europe to acknowledge Christian roots

POPE Leo XIV challenged Europe to acknowledge Christianity’s contributions to its cultural identity Sunday, as he presided over a Mass in Madrid attended by more than a million people and honored Spain's centuries-old traditions of religious devotion and culture.

4 mins

‘Holistic human settlements approach, not just housing units, key to solving PHL housing crisis’

ESTABLISHING a holistic human settlements approach instead of simply building individual housing units is the key to address the country’s housing problem, according to a prominent urban planner.

2 mins

Jollibee franchisee eyes Bataan Freeport expansion

A major franchise operator of quick-service restaurants (QSRs) is set to establish its presence at the free port zone here, the Authority of the Freeport Area of Bataan (AFAB) announced on Thursday, June 4.

1 mins

71% of adult Pinoys say joint military drills improve WPS security—survey

ABOUT 71 percent of adult Filipinos think that joint military exercises or patrols with allied nations help improve the security of the West Philippine Sea (WPS), while 14 percent think that these may be harmful or cause trouble, according to the Tugon ng Masa (TNM) nationwide survey.

2 mins

Health workers want Herbosa, Domingo probed for alleged misuse of public funds

A GROUP of health workers has asked the Office of the Ombudsman to investigate Department of Health (DOH) Secretary Teodoro Herbosa and Undersecretary Albert Francis Domingo for alleged misuse of public funds for personal luxury during their trip to Geneva, Switzerland to attend the 79th World Health Assembly from May 17 to May 23.

2 mins

Ombudsman starts fact-finding probe on 18 Co 'bodyguards'

THE Office of the Ombudsman has summoned the 18 former members of the Philippine Marines for its fact-finding investigation into their corruption allegations involving members of the First Family, several lawmakers and government officials.

2 mins

Beyond public funds: Cebu needs PPPs to survive the strain

INFRASTRUCTURE is the skeleton upon which a thriving economy is built. For Cebu, that skeleton is showing signs of strain.

2 mins

Borrow to build, or borrow to eat?

ANCIENT Mesopotamian farmers borrowed grain, the terms recorded on clay tablets and repaid at harvest.

3 mins

Alexandra Eala: A Filipino champion conquers Birmingham!

As a proud Pinoy glued to my screen late into the night, I witnessed history unfold once again for Philippine tennis.

2 mins

Indonesia market rout deepens as bonds, currency, stocks slide

THE rout in Indonesian markets deepened on Monday with the nation’s bonds, stocks and currency tumbling.

3 mins

IMF chief warns world isn't ready for shocks that are piling up

INTERNATIONAL Monetary Fund Managing Director Kristalina Georgieva said that after facing crisis upon crisis in recent years, the world needs to build foundations that can withstand shocks that have become more frequent.

2 mins

Cambodia scam centers persist despite crackdown, report says

CAMBODIA has failed to dismantle much of its online scam industry despite a yearlong crackdown that authorities said would eliminate it, according to an Amnesty International report that challenges official claims of success.

2 mins

2026 SIPP: Positioning the Philippines as a strategic investment destination

THE approval of the 2026 Strategic Investment Priority Plan (SIPP) through Memorandum Order No. 47 signed by President Ferdinand Marcos Jr. on May 21, 2026 marks an important step in the government’s continuing effort to attract investments in the Philippines through the grant of the investment incentive system under the Corporate Recovery and Tax Incentives for Enterprises (CREATE MORE) Act.

3 mins

Seasoned execs tapped for DOT posts

A MIX of the old hands, and new faces.

2 mins

PHL MAY SEND TEAM TO D.C. TO ADDRESS 'FORCED LABOR' TAG

MALACANANG said the government is now considering deploying a team to Washington to assert the country’s position that it is not tolerating forced labor, which the United States Trade Representative (USTR) claimed is giving unfair advantage to goods coming from the Philippines.

2 mins

FSCC flags pockets of risks, pushes close monitoring

THE interagency body tasked to monitor the health of the Philippine financial system has flagged pockets of risks in the system that warrant close monitoring.

2 mins

PHL embarks on 'FTA spree,' eyes EU trade pact by mid-year

THE Philippines is accelerating efforts to broaden its global economic footprint, with Foreign Affairs Secretary Maria Theresa Lazaro disclosing that Manila is on track to conclude a long-awaited Free Trade Agreement (FTA) with the European Union by mid-2026.

2 mins

CREIT to expand portfolio by yearend

CITICORE Energy REIT Corp. (CREIT) said it expects its next asset infusion to be completed within the year as it expands its portfolio.

1 mins

More firms to buy RE from First Gen

TAN-LED Eton Properties Philippines Inc. (EPPI) and Fly Ace Corp. (Fly Ace) have chosen First Gen Corp. as their renewable energy (RE) supplier.

2 mins

Top PHL firms warned of risks from weak peso

TWO rated companies in the Philippines are among the firms in Southeast and South Asia that are exposed to foreign exchange fluctuations, according to Moody’s Ratings.

2 mins

D&L upbeat on prospects after inflation eases in May

CHEMICAL manufacturer D&L Industries Inc. is more optimistic about business prospects in the succeeding quarters as the prices of crude and coconut oil have retreated.

2 mins

DOE scrutinizing 9 bids for OSW projects under GEA

THE Department of Energy (DOE) said Monday that nine bids passed the initial stage of the Philippines’s first Green Energy Auction (GEA-5) for fixed-bottom offshore wind (OSW).

2 mins

Investors look past inflation, prep for higher rates

MOST Treasury bill (T-bill) yields went up on Monday, with the 364-day hitting a new 2.7-year high, as investors continued to price in higher interest rates despite the slower-than-expected inflation print in May.

2 mins

Global investing access for Pinoys via US market

MARKETS have a way of reminding us that uncertainty is part of the investment journey. Over the past several months, both local and global markets have experienced periods of volatility brought about by various factors.

3 mins

State think tank flags tax ‘incentives paradox’

THE Congressional Policy and Budget Research Department (CPBRD) has flagged the tax perks dangled to foreign investors would become stale once the global minimum effective tax rate that Manila agreed to in 2023.

2 mins

Tax perks for high-tech industries under SIPP

THE Philippines is steering fiscal incentives toward high-tech industries to drive growth under the newly-approved 2026 Strategic Investment Priority Plan (SIPP).

1 mins

Deaf students, marginalized children gather for fellowship camp in Puerto Galera

OVER 60 Deaf volunteer students and marginalized children gathered in celebration of unity, inclusion, and personal growth at the 15th Deaf and Hearing Camp in Puerto Galera, Oriental Mindoro.

1 mins

‘Bigger, more exciting:’ MoCAF set for beefed-up 5th run

THE Modern and Contemporary Art Festival (MoCAF) returns for its fifth year this July with the promise of becoming the biggest edition to date, featuring a broadened lineup of galleries and expanded programs.

2 mins

GMA Regional TV turns up the heat with star-studded regional festivities

AS summer sizzles across the country, GMA Regional TV turns up the heat even more by bringing the network's stars closer to audiences through a series of exciting regional events, making May truly unforgettable month for fans nationwide.

1 mins

POPE LEO XIV ACKNOWLEDGES STIFF COMPETITION WITH BAD BUNNY IN SPAIN AND WEIGHS IN ON SOCCER RIVALRY

Pope Leo XIV ackowledged Saturday he is competing for attention with another VIP in Madrid this weekend, and the pontiff declared his preference in Spain's biggest soccer rivalry.

1 mins

Sister(s) Act

WORKING alongside your siblings might sound like something many normally would not want to do, but for showbiz sisters Angela Morena, Stephanie Raz and Micaella Raz, it is something they are truly happy about.

2 mins

'Scary Movie' tops box office, slaying 'Masters of the Universe' and adding to low-budget streak

The summer box office is booming—but not because of the usual suspects.

3 mins

SM Hotels appoints Janytte Siega as GM of upcoming SMX Convention Center Seaside Cebu

SM Hotels and Conventions Corporation (SMHCC) announces the appointment of Janytte Siega as General Manager of SMX Convention Center Seaside Cebu, the country's largest upcoming convention and exhibition venue located within the SM Seaside Cebu complex, set to open in November 2026.

1 mins

Break 100 unveils next-generation indoor golf Experience at Wack Wack

BREAK 100 Indoor Golf & Multisports officially unveiled its newest branch at the Wack Wack Golf & Country Club Sports Center with an exclusive VIP and media preview, introducing a next-generation indoor golf and multisports destination set to revolutionize the local sports and lifestyle scene.

2 mins

3rd free chemo center in Pampanga opens in Angeles City

Cancer cases in Pampanga, have been steadily rising, with breast, lung, and colorectal cancers among the most common.

2 mins

Pack your bags: The great BDO Travel Sale returns this June

The ultimate travel event of the season is back, and it’s bringing a major upgrade to how you plan your next vacation.

1 mins

Laughter and music fill the air with Tom Franek at Quezon Club

JUNE gets more fun as comedian-musician Tom Franek makes his way back to the Philippines for an exhilarating evening of laughter, performances, and more.

1 mins

Trump has separated dozens of children from parents for second time, AP finds

ELEVEN-YEAR-OLD Ederson Galicia Alva had just stepped off the plane and into the Miami airport's dim hallways when federal agents pulled his mother aside for questioning. Again.

10+ mins

Dy, Go spearhead charge at Negros Occidental leg

MARQAELA DY and Vanya Go led the charge at the start of the International Container Terminal Services Inc. Negros Occidental Junior Philippine Golf Tour Championship on Monday as the race for the remaining slots to the North vs. South Elite Junior Finals berths reached fever pitch.

1 mins

Gregorio hails Alas's emphatic win

WITH Philippine Sports Commission (PSC) chairman Patrick “Pato” Gregorio and Candon City Mayor Eric D. Singson at courtside, Alas Pilipinas put on an undaunted performance and pushed forward in the Asian Volleyball Confederation (AVC) Women’s Volleyball Cup.

2 mins

Coach Tim on Holt’s Game 3 explosion: Impactful!

STEPHEN HOLT was firing on all cylinders in Game 3 on Sunday night that gave Barangay Ginebra San Miguel a 116-102 triumph over Tropang 5G in Game 3 and a 2-1 lead in the Philippine Basketball Association Commissioner's Cup at the SM Mall of Asia Arena.

1 mins

Rick Adelman’s lasting legacy

IN a profession often dominated by loud personalities and oversized egos, Rick Adelman built a Hall of Fame coaching career by doing something remarkably uncommon: he trusted the game.

3 mins

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