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Boeing deepens strategy cuts as operations take center-stage – sources
Boeing Co has embarked on deeper-than-expected cuts in its strategy ranks, halving the number of planners working within key divisions as it refocuses energies on tackling industrial pressures, people familiar with the matter said.
Maynilad may consider sourcing water from Manila Bay if desalination cost eases to affordable levels
Maynilad Water Services Inc., the water utility of Metro Pacific Investment Corp., may consider Manila Bay as source of potable water for its concession area in Metropolitan Manila and nearby towns if the cost of desalination comes down or large consumers such as factories start extracting water from the salt-water bay for their needs.
Converge mulls sale-leaseback deal for fiber network, plans dividend payout
With the aggressive fiber network rollout behind it, Converge...
Converge’s Dennis Anthony Uy Plans $1 Billion “Silicon Valley” Project In Pampanga
Dennis Anthony Uy, co-founder of publicly listed Converge ICT,...
Agriculture
DA chief backs gradual, well-timed rice tariff hike
Agriculture Secretary Francisco P. Tiu Laurel Jr. told Congress on Wednesday that the Department of Agriculture (DA) has recommended to the Tariff Commission that any future increase in the rice import duty—from the current 15 percent back to the previous 35 percent—be implemented gradually and timed strategically to minimize its impact on both local and global markets.
Philippines lifts import ban on bird, poultry products from Belgium
The Department of Agriculture (DA) has lifted a temporary ban on the importation of domestic and wild birds, including poultry products, from Belgium, following confirmation that the recent avian flu outbreak has been fully contained.
PH, Egypt in talks to expand agri-trade opportunitiesAgriculture
The Philippines is actively pursuing deeper agricultural trade ties with Egypt, with Agriculture Secretary Francisco P. Tiu Laurel Jr. meeting with Egyptian Ambassador Nader Nabil Zaki on 5 June to explore broader market access for high-value Philippine produce, particularly mangoes and bananas.
KADIWA evolving into ‘Katuparan ng Pangako’ for Cordillera farmers
KADIWA ng Pangulo, a flagship initiative of the Department of Agriculture, has proven to be far more than just a marketplace. For highland vegetable farmers in the Cordilleras, it is rapidly becoming Katuparan ng Pangako—the fulfillment of a promise of President Ferdinand Marcos Jr. for a better deal for farmers.
Corporate
PSBank’s Flexi Loan empowers everyday Filipinos
The Philippine Savings Bank (PSBank) has launched its Flexi Personal Loan, a versatile loan product aimed at empowering individuals to better manage unexpected expenses, offering both financial flexibility and accessibility to a wide market segment.
Disney, Universal sue AI-powered image generator for copyright infringement
Disney and Universal have filed a joint lawsuit against AI-powered imaged generator Midjourney, accusing it of mass copyright infringement for allowing users to generate images resembling characters from Star Wars, Shrek, The Simpsons, and Minions without authorization.
Malayan Insurance named Most Sustainable Insurer in PH
Malayan Insurance Co. Inc. was recognized as the country's “Most Sustainable and Liveable Insurance Company” at the 8th Nation Builders and Mosliv Awards, held at Okada Manila. The accolade was conferred by Sustainability Standards Inc., a global advocate of sustainable development aligned with the United Nations Sustainable Development Goals (SDGs).
Jollibee Group rallies suppliers to drive ambitious global growth
The Jollibee Group convened over 270 international and domestic suppliers for its 2025 Global Supplier Summit, reinforcing its commitment to long-term, value-driven partnerships as it pursues aggressive global expansion and sustainability goals.
Markets
PSE slashes STT under new law
The Philippine Stock Exchange (PSE) announced it will slash the stock transaction tax (STT) to 0.1 percent from the current 0.6 percent starting 1 July 2025, in line with the implementation of the Capital Markets Efficiency Promotion Act (CMEPA).
Market rebounds but remains cautious amid global uncertainty
The Philippine Stock Exchange index (PSEi) ended May at 6,341, marking a 9 percent rebound from its 7 April low but still registering a 3 percent decline year-to-date, the securities unit of the Bank of the Philippine Islands said in a research note Thursday.
SEC chief Lim flags PH stock market as too small, eyes major reforms
Newly appointed Securities and Exchange Commission (SEC) chairman Francis Ed. Lim on Tuesday raised alarm over the limited scale of the Philippine stock market, calling it "too small" relative to regional peers and pledging sweeping reforms to stimulate capital market growth.
Lawyer Francis Lim named new SEC chairman
President Ferdinand R. Marcos Jr. has appointed lawyer Francis Edralin Lim as the new chairperson of the Securities and Exchange Commission. Executive Secretary Lucas P. Bersamin said on Tuesday that Lim will take over from SEC Chairman Emilio Aquino, whose seven-year term ends on June 6.
Energy
Floating solar gets a lift in revised DOE auction plan
The Department of Energy (DOE) has expanded the target capacity under the 4th Green Energy Auction (GEA4) to 10,653 MW, up from 10,478 MW, highlighting a policy shift to bolster floating solar deployment.
SPC secures green light for 48 MW Iloilo solar project
Listed energy firm SPC Power Corp. is embarking on an aggressive expansion into renewable energy and battery energy storage systems (BESS), with a target of adding 500 megawatts (MW) of capacity to its portfolio by 2029.
GEA 5 to deliver major offshore wind push
The Department of Energy (DOE) launched on Wednesday the fifth round of its Green Energy Auction (GEA 5), targeting the deployment of 3,300 megawatts (MW) of fixed-bottom offshore wind (OSW) capacity between 2028 and 2030.
Prime Infra commits to 2GW PSH completion under GEA3
Prime Infrastructure Capital Corp. (Prime Infra) affirmed the assured completion of its 2,000 MW pumped storage hydro (PSH) projects awarded under the Department of Energy’s (DOE) third Green Energy Auction (GEA3), representing nearly one-third of the 6,680.887 MW capacity offered.
Property
DMCI Homes thrives on cautious buyer shift
DMCI Homes Inc., the residential arm of listed engineering giant DMCI Holdings Inc., reported sustained buyer interest in its residential development, even as industry analysts warn of a supply glut in parts of Metro Manila.
SM Hotels eyes strong growth with 7 hotels
SM Hotels and Convention Corp., the hospitality arm of SM Prime Holdings Inc., is set to significantly expand its national footprint, unveiling plans to launch seven new hotels by the end of 2029. This aggressive five-year expansion will increase its hotel count from 10 to 17 and raise room capacity by 51 percent, to 3,923 from 2,602 rooms.
BDO CEO gets P35M in property dividends
Nestor V. Tan, president and chief executive officer of BDO Unibank Inc.,has received P35 million worth of shares as property dividends issued by the banking arm of the SM Group.
IDC Homes plans twin JV projects in Palawan, Misamis
Italpinas Development Corp. said its board has authorized its subsidiary, IDC Homes Inc., to enter into two joint property development projects in Palawan and Misamis Oriental.
Technology
Disney, Universal sue AI-powered image generator for copyright infringement
Disney and Universal have filed a joint lawsuit against AI-powered imaged generator Midjourney, accusing it of mass copyright infringement for allowing users to generate images resembling characters from Star Wars, Shrek, The Simpsons, and Minions without authorization.
$25M deepfake heist exposes gaps in global ID verification
iProov, a global leader in biometric identity verification, has identified a newly active cybercriminal group codenamed “Grey Nickel” targeting the financial sector through sophisticated, AI-powered attacks designed to bypass digital identity verification systems.
Gen Z digital habits prime targets for hackers
Cybercriminals are increasingly exploiting Gen Z’s digital lifestyle—turning fast fashion, nostalgia, FOMO, and oversharing into attack vectors, according to cybersecurity firm Kaspersky. In response, the company has launched Case 404, an interactive game designed to help Gen Z users recognize cyberthreats in their everyday online habits.
Lenovo unveils AI-powered desktops and monitors for smarter workspaces
Lenovo has unveiled its new ThinkCentre M Series Gen 6 desktops and ThinkVision T Series Gen 40 monitors, designed to enhance productivity, multitasking, and manageability in corporate and commercial environments.
Opinion
A Promise the Nation Can’t Comprehend
For years, the Philippines has looked ahead with optimism, banking on its so-called “demographic sweet spot.” With around two-thirds of the population between the ages of 15 and 65, the country seemed poised for rapid economic growth—a young, able-bodied workforce ready to fuel productivity and progress.
Vote smart or pay the price
You can feel it in the air, even if no one says it out loud. The world is tilting, and tension is building between countries that no longer trust each other. The US and China—two giants locked in a stare-down—are turning tariffs into weapons. Everyone knows what comes next: slower global growth, just when the world is finally getting back on its feet after the pandemic.
The Duterte Arrest: A Complicated Affair of Sovereignty and Justice
Here we are again, watching the political drama unfold with the arrest of former President Rodrigo Duterte. It’s strange how something that’s supposed to be about justice often turns into a series of complex, tangled arguments, full of political posturing and personal pride.
Ayuda: A lifeline for struggling Filipinos
The latest surveys are in, and they’ve made something pointedly clear: Filipinos are firmly standing behind the government’s social assistance programs.
