Friday, 25 April 2025, 12:53 pm

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    Banks credit wary in 1Q under new BSP survey

    The Bangko Sentral ng Pilipinas (BSP) reported mixed signals in credit conditions for the first quarter of 2025, with implications for the country's economic outlook and monetary policy stance.

    News Dispatch

    Exclusive

    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

    “We cook and eat NFA rice everyday” – Agri chief Tiu-Laurel 

    The Department of Agriculture (DA) strongly rebuked on Tuesday Vice President Sara Duterte over what it described as a “deeply hurtful” and baseless remark suggesting that the government’s P20-per-kilo rice initiative involves substandard rice fit for animals, not people.

    Manila, Seoul strengthen agri-machinery ties with planned KAMIC Hub

    The Department of Agriculture (DA) reaffirmed its commitment to the establishment of the Korea Agriculture Machinery Industry Complex (KAMIC) in Cabanatuan, Nueva Ecija, signaling a significant step forward in the country's agricultural modernization efforts.

    Gov’t launches P20 rice pilot in Visayas amid P4.5-B subsidy push

    The Department of Agriculture (DA) announced on Wednesday the launch of a pilot program offering rice at a subsidized price of P20 per kilogram, with implementation starting in the Visayas region.

    DA chief unveils P20/kilo rice project; pilot test in Visayas

    Agriculture Secretary Francisco P. Tiu Laurel Jr. on Wednesday unveiled an initiative that will fulfill President Ferdinand Marcos Jr.’s campaign promise to lower rice prices to P20 per kilo.

    Corporate

    PNB Profit Peso Bond Fund wins Best Managed Fund Award at Vision 2025

    The Philippine National Bank (PNB) solidified its position as a leader in investment fund management after its Profit Peso Bond Fund was named one of the Best Managed Funds for 2025 at the “Vision 2025: Market Forecast and Fund Excellence” event hosted by the CFA Society of the Philippines.

    Philippine Seven announces leadership changes effective July

    Philippine Seven Corp., the local franchise holder of the global convenience store chain 7-Eleven, announced that its chairman, former Finance Secretary Jose T. Pardo, has informed the Board of his decision to retire as Chairman of the Board and Independent Director in July.

    EastWest declares ₱1.5B dividends following record earnings

    East West Banking Corp. has declared ₱1.5 billion in cash dividends, equivalent to ₱0.68 per share, following its strongest financial performance to date.

    Bloomberry to launch online gaming platform as it eyes broader market reach

    Bloomberry Resorts Corp., operator of Solaire Resort and Casino, announced plans to officially launch its online gambling business by late May or early June, a move seen as a strategic expansion to diversify revenue streams and solidify its market leadership in the Philippine gaming sector.

    Banking & Insurance

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    Markets

    US markets plunge amid rising China trade tensions

    U.S. shares tumbled on Thursday as mounting trade tensions with China overshadowed initial relief from President Donald Trump’s earlier decision to delay higher tariffs on America’s trading partners.

    Economy shows resilience amid global trade shifts

    Finance Secretary Ralph G. Recto on Thursday highlighted the Philippine economy's resilience amid global trade disruptions, emphasizing the government's efforts to attract more investors through the CREATE MORE Act.

    Trade tensions, investor caution push gold prices to record high 

    Gold prices surged to a new record high of USD3,164 per ounce, driven by heightened risk aversion following President Donald Trump’s tariff announcement.

    US FDA official’s resignation hits drug shares

    American drug companies, led by Moderna and Novavax, suffered significant stock market losses on Monday after the top vaccine official of the US Food and Drug Administration (FDA) announced his resignation.

    Travel

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    Energy

    DOE urges power distributors to prioritize affordable electricity

    The Department of Energy (DOE) is calling on all electric distribution utilities (DUs) and electric cooperatives (ECs) across the country to strengthen efforts in balancing energy security with affordability for consumers, underscoring the critical role of cost-effective electricity in national energy policy.

    Manila Water subsidiaries pioneer power aggregation in Laguna, eyes sustainability gains

    Manila Water Co. Inc. on Thursday said that its subsidiaries, Laguna Water and Laguna Aquatech, have successfully transitioned to the electricity Retail Aggregation Program (RAP), marking the program’s first implementation outside Metro Manila.

    PXP Energy widens 1Q loss on weaker Galoc output

    Oil and gas exploration company PXP Energy Corp. reported a wider net loss for the first quarter of 2025, with losses ballooning to ₱9.2 million, a significant increase from ₱2.6 million in the same period last year.

    Sanyo Denki powers shift to full renewable energy with First Gen partnership

    Sanyo Denki Philippines, Inc., the local manufacturing arm of Japan’s Sanyo Denki Co. Ltd., has signed a landmark deal with First Gen Corp. to source 100 percent of its electricity from renewable energy (RE), marking a major step in its global sustainability push.

    Transport & Communications

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    Property

    Filinvest Development stays focused on 5-year growth plan

    Filinvest Development Corp. (FDC) is committed to its five-year...

    Eton Properties allots P900M for strategic enhancements amid strong core performance

    Eton Properties Philippines Inc., the real estate arm of the Lucio Tan Group, announced a P900-million capital expenditure plan for 2025, targeting township redevelopment and property enhancement initiatives aimed at boosting long-term asset value and customer experience.

    SM Leisure offers Pico Terraces as permanent address

    SM Leisure Resort Residences, a subsidiary of listed property developer SM Prime Holdings Inc., is reintroducing its expansive Hamilo Coast in Batangas—not just as a weekend escape, but as a permanent address—with the launch of Pico Terraces, a mid-rise residential enclave nestled within 2.3 hectares of prime seaside real estate.

    Italpinas doubles profits on strong provincial sales

    Boutique property developer Italpinas Development Corp. (IDC) reported a 102 percent increase in net income for 2024, reaching ₱376.8 million, up from ₱186.3 million the previous year.

    Environment

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    Technology

    President Marcos leads launch of $350M VITRO data center

    President Ferdinand Marcos Jr. on Wednesday led the inauguration of VITRO Sta. Rosa, the Philippines’ largest and first hyperscale data center—an advanced facility poised to accelerate artificial intelligence (AI) adoption and drive economic activity and investment.

    Boomi CEO Warns of Infrastructure Crisis in New Book

    As businesses rush to adopt artificial intelligence, a sobering message from Boomi CEO and chairman Steve Lucas cuts through the hype: outdated digital infrastructures are sabotaging AI success. In his new book, Digital Impact: The Human Element of AI-Driven Transformation (Wiley), released Monday, Lucas argues that most organizations are pouring millions into AI while struggling under decades-old systems, fragmented data, and disconnected apps.

    Summer Scams Surge: Officials Urge Vigilance

    As summer unfolds in the Philippines, the Philippine National Police – Anti-Cybercrime Group (PNP-ACG), in partnership with Scam Watch Pilipinas, is warning travelers to be cautious of a wave of seasonal travel scams.

    MediaTek launches Dimensity 9400+ to strengthen AI-driven mobile ecosystem

    MediaTek has officially introduced the Dimensity 9400+, the latest system-on-chip (SoC) in its flagship Dimensity lineup, aiming to redefine on-device AI, gaming, and connectivity performance for premium Android smartphones.

    Health & Science

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    Opinion

    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.

    Philippines’ removal from FATF Grey List: A fresh start

    After years of playing catch-up, the Philippines is finally off the Financial Action Task Force ’s Grey List. It’s like stepping out of a dimly lit room into the sun, but don’t get too comfortable. Sure, the weight’s off—this is a breath of fresh air—but don’t think for a second that the hard work is over; it is just beginning.

    Sports & Entertainment

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