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PH global debt position widens  to $54.9B on lower cash reserves, market drops

The countey’s net global debt position widened to $54.9 billion at the end of March 2026, driven by a drop in the nation's foreign cash reserves and falling global bond values, preliminary central bank data showed.

News Dispatch

Agriculture

DA, DILG launch tax break rules for eligible farm warehouses

The Department of Agriculture (DA) and Department of the Interior and Local Government (DILG) have issued joint guidelines granting real property tax exemptions to qualified farm storage facilities, to cut operational costs and draw more investments in post-harvest infrastructure.

Philippines expands fruit exports to Middle East with first MD2 pineapple shipment to UAE

The Department of Agriculture (DA) has broadened the country’s agricultural reach in the Gulf region, with 18 metric tons of premium MD2 pineapples arriving in Dubai on June 28. Sourced from farms in Tampakan, South Cotabato, the 1,500-box shipment entered through the Port of Khor Fakkan and is now being distributed across the UAE.

Philippine ube sector holds growth potential but faces development gaps – USDA

A new assessment by the United States Department of Agriculture Foreign Agricultural Service (USDA-FAS) reveals that the Philippines’ ube, or purple yam, value chain holds significant growth opportunities, yet requires coordinated action to address critical structural and operational challenges.

PH-Japan project upgrades grains quality testing system

The Department of Agriculture (DA) and the National Food Authority (NFA) will upgrade the country’s grain quality testing system through a P184.2-million project funded jointly by the Philippine and Japan.

Corporate

MWSS: Angat Dam level below critical mark, but supply remain managed

The Metropolitan Waterworks and Sewerage System (MWSS) on Wednesday assured the public that authorities are fully monitoring Angat Dam’s water situation, even as its level fell below the 160-meter critical mark. As of 8 a.m. Wednesday, data from the National Power Corporation (NPC) recorded the dam’s elevation at 159.9 meters.

San Miguel Corp funnels 95% of 2025 revenue back into the economy

San Miguel Corporation (SMC) distributed P1.43 trillion of its P1.5 trillion total revenue in 2025 back into the Philippine economy, according to its latest Sustainability Report. That amount represents about 95 percent of what the company earned last year.

SAFC appoints new CEO to  drive next growth phase

South Asialink Finance Corp. (SAFC) has named Maricel D. Dejongoy as its new President and Chief Executive Officer, betting on an experienced insider to lead the lender's next phase of growth and deepen its financial inclusion efforts.

Safeguarding the future: Why AI scale-up demands a fearless internal audit

As organizations aggressively scale up artificial intelligence and advanced technologies, the necessity of internal audit has shifted from a routine compliance check to a critical strategic safeguard. A joint forum marking International Internal Audit Awareness Month—spearheaded by the Internal Audit Groups of PLDT Inc., Smart Communications, Inc., the MVP Group, and JG Summit Holdings—brought together industry leaders to address a pivotal corporate challenge: ensuring rapid technological systems work as intended without causing harm. 

Banking & Insurance

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Corporate Bulletins

SAFC appoints new CEO to  drive next growth phase

South Asialink Finance Corp. (SAFC) has named Maricel D. Dejongoy as its new President and Chief Executive Officer, betting on an experienced insider to lead the lender's next phase of growth and deepen its financial inclusion efforts.

Alliance Select names food industry veteran as GM

Alliance Select Foods International Inc. has appointed food industry executive Kirby J. Rasos as its new general manager, tapping a veteran business leader to oversee daily operations as the listed seafood processor pursues its next phase of growth.

RCBC earns FinanceAsia citation for digital banking push

Rizal Commercial Banking Corp. (RCBC), the country’s 6th largest lender by assets, has earned regional recognition for its digital banking strategy, underscoring how lenders are increasingly competing on technology and financial inclusion as digital adoption accelerates across the Philippines.

Meralco recognized for leading Luzon’s consumer choice programs

The Manila Electric Company (Meralco) has received recognition from the Energy Regulatory Commission (ERC) for registering the highest number of participants in customer choice programs across Luzon.

Social Responsibility & Sustainability

Park Inn trains PDLs for hospitality careers, fresh starts

SM Hotels and Conventions Corp. (SMHCC) is expanding its social impact beyond hotel operations by equipping Persons Deprived of Liberty (PDLs) with hospitality skills that could help them secure jobs and rebuild their lives after release.

McDonald’s, Megawide expand partnership for early learning programs

As the new school year approaches, McDonald's Philippines, Ronald McDonald House Charities (RMHC) Philippines and Megawide Foundation have renewed their commitment to early childhood education with the reopening of the refurbished Ronald McDonald Bahay Bulilit Learning Center in Barangay Mambog IV, Bacoor City.

GCash, Wovoka launch million-tree drive for climate, livelihood 

GCash's sustainability platform GForest and climate technology developer Wovoka Philippines have launched a five-year initiative to plant more than one million native trees and mangroves, tapping digital finance to accelerate ecosystem restoration while creating green jobs in climate-vulnerable communities.

Vietnam firms pledge P50M aid for Mindanao quake relief

Vietnamese companies VinFast, V-Green, VinEnergo, and Green GSM have committed more than P50 million in emergency assistance for communities affected by the devastating 7.8-magnitude earthquake that struck Mindanao on June 8, 2026, signaling both humanitarian support and deepening regional investment ties with the Philippines.

Markets

Lazada deepens MSME drive via digital skills partnership

Lazada Philippines is stepping up its support for micro, small and medium enterprises (MSMEs), expanding partnerships with government agencies and relaunching its LazGrow Together program to help more Filipino entrepreneurs compete in the country's fast-growing digital economy.

Calmer oil, cheaper fuel buoy local equities

Philippine shares could finally catch their breath this week.

Tanduay retains World’s Top Rum spot for 9th straight year

Tanduay, the Philippine rum brand owned by tycoon Lucio Tan, has kept its title as the world’s best-selling rum for nine consecutive years, according to Drinks International Magazine.

Hormuz risk keeps peso, PSEi on edge

Philippine financial markets are heading into the week on a cautious footing as renewed threats by Iran to potentially close the Strait of Hormuz inject fresh volatility into global oil supply expectations and inflation outlooks, according to Rizal Commercial Banking Corp. chief economist Michael Ricafort.

Travel

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Energy

Lucio Tan Group taps First Gen for over 32 MW of geothermal power on major shift to clean energy 

Diversified conglomerate Lucio Tan Group (LTG) has partnered with leading renewable energy producer First Gen, marking its strategic move to diversify energy sources and reduce dependence on fossil fuels.

AboitizPower breaks ground on 60-MW Naga project to boost Visayas grid reliability

Aboitiz Power Corporation has officially started construction of its Naga Battery Energy Storage System (BESS), a major facility designed to strengthen power supply stability and meet rising energy demand across the Visayas region.

Court upholds SOCOTECO II rejection of Meralco proposal

A South Cotabato regional trial court has dismissed a petition seeking to overturn the South Cotabato Electric Cooperative II (SOCOTECO II) board's rejection of Manila Electric Co.'s proposed joint venture, ruling that the dispute falls under the jurisdiction of the National Electrification Administration (NEA).

Meralco targets new income record; eyes gas-fired plants in VisMin

The Manila Electric Co. (Meralco) is confident it can exceed last year’s record net income of ₱50.57 billion, citing rising electricity demand and stronger business performance.

Transport & Communications

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Property

Office demand up but property firms stay cautious—Colliers

Return-to-office momentum is building across Metro Manila, but companies are still keeping a tight grip on expansion plans, tempering what could have been a stronger office market recovery, according to Colliers Philippines.

Megaworld lease renewals jump as office demand holds

Property giant Megaworld Corp. booked a surge in office lease renewals in the first half of 2026, signaling that demand for well-located, integrated workspaces remains robust even as companies continue to recalibrate their workplace strategies.

Century Properties raises P3B to fund expansion plan

Century Properties Group Inc. (CPG) has tapped the domestic debt market to bolster its expansion plans, raising P3 billion through five-year fixed-rate corporate notes as it positions itself for long-term growth amid resilient demand for housing.

Ayala Land expands Lio Estate as long-stay demand grows

Ayala Land Inc. (ALI) is stepping up investments in its 320-hectare Lio Estate in El Nido, Palawan, betting that the next wave of tourism growth will be driven less by short vacations and more by long-stay living, remote work and integrated island communities.

Environment

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Technology

PH breaks ground on $25.6M National Cybersecurity Center with Korean Grant

The Department of Information and Communications Technology (DICT), together with the Korea International Cooperation Agency (KOICA), has officially started construction of the Philippines’ National Cybersecurity Center (NCSC), aimed at boosting the country’s defense against online threats.

Digital loans become everyday money tool for Filipinos 

Digital borrowing is becoming a regular part of household money management in the Philippines, with more Filipinos turning to mobile lending apps not just for emergencies but also to cover everyday expenses and short-term cash needs, according to a new industry study.

iGaming fraud shifts to post-onboarding, AI-driven threats rise

Sumsub, a global identity verification provider, has released its 2026 iGaming Fraud Report, drawing on data from more than 3 million verification attempts collected over 2024 to early 2026.

Globe powers seamless connectivity for Baragatan sa Palawan 2026

Globe delivered reliable and enhanced network support throughout Baragatan sa Palawan 2026, the province’s largest annual celebration, keeping residents, visitors, vendors, and local government units connected.

Health & Science

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Opinion

The great fork heist and other national priorities

At long last, the public can sleep soundly. The National Capital Region Police Office has announced the arrest of a 43-year-old man accused of attempting to make off with 26 forks and seven silver spoons from a Manila hotel—the estimated value of the alleged loot is P12,658.14.

Reframing the South China Sea conversation 

For more than a decade, the South China Sea has been ASEAN's diplomatic traffic jam. Everyone knows there is a problem. Everyone agrees it matters. Yet the moment the conversation turns to China, the convoy grinds to a halt.

Ghosts of 1949 haunt today’s Senate

The Philippine Senate has a remarkable talent for proving that history never really leaves the chamber. It merely changes surnames.

Silent senators forfeit democracy’s mantle

The Senate has been regarded as the last bastion of democratic dissent—a chamber where statesmen stood their ground, challenged power, and refused to let their voices be drowned out by political pressure or executive overreach. It was where difficult questions were asked, unpopular truths were spoken, and silence was treated not as a virtue but as a surrender.

Sports & Entertainment

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Exclusive

Visayas roots, Singapore routes: Top Line redraws its map

Singapore is no longer just a distant dot on Top Line Business Development Corp.’s growth chart. It has become a very literal marker of how far the company has travelled in 12 years, from a Visayas-based real estate developer to an emerging energy player now thinking in global supply routes.

Sunlight Air chooses precision over size aloft

In an aviation industry often driven by scale and speed, Sunlight Air is taking a more measured route. The boutique carrier is building its business around efficiency, discipline, and destination depth, convinced that smarter operations can deliver both commercial returns and environmental gains.

PSAC urges stronger funding for Philippines startups 

The Private Sector Advisory Council is raising a clear warning. In a recent meeting with the Department of Trade and Industry, PSAC said the Philippine startup scene is slipping behind Southeast Asian peers, not for lack of ideas but for lack of capital that actually moves.

Tariffs rattle, AI thrives: Gruppo EMS builds ahead 

Amid escalating US-China trade tensions and renewed tariff uncertainty from Washington, EMS Group of Companies is expanding production, accelerating its push into artificial intelligence hardware, and positioning the Philippines as an increasingly strategic alternative manufacturing base for global electronics firms.