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Spot market electricity prices jump more than 22% in June

Electricity prices at the Wholesale Electricity Spot Market (WESM) surged by 22.7 percent in June, driven primarily by a dip in available power supply and frequent grid alerts.

News Dispatch

Agriculture

DA rolls out mechanical dryers ahead of 2027 wet season rice harvest

The Department of Agriculture (DA) is set to complete the distribution of 380 mechanical drying systems across the country in time for the 2027 wet season harvest — the largest deployment of such facilities in the nation’s history.

Japan backs new BARMM aquaculture and halal feed mill project

The Government of Japan and the United Nations Food and Agriculture Organization (FAO) have launched a new aquaculture initiative in the Bangsamoro region to boost local livelihoods, curb fish production losses, and help rehabilitate inmates.

Nebraska eyes bigger farm partnership with Philippines

The Philippines could unlock fresh opportunities to modernize its agriculture sector as the US state of Nebraska seeks to expand cooperation in livestock, biofuels, and agricultural technology to help strengthen the country's food security and rural economy.

Rice imports rise 20% over six months; DA vows measures to protect local farmers

The Philippines imported 2.75 million metric tons of rice in the first six months of 2026, a 20.1 percent increase from the 2.29 million MT recorded in the same period last year, the Department of Agriculture (DA) announced Wednesday in Quezon City.

Corporate

SJDM Bulacan declares PrimeWater persona non grata over water crisis

The local government of San Jose del Monte (SJDM) City in Bulacan formally declared PrimeWater Infrastructure Corp. persona non grata under Resolution No. 2026-07-529 during its July 8, 2026 regular session.

Basic Energy budgets P1 billion second-half capital expense

Basic Energy Corporation plans to spend as much as P1 billion in capital outlays for the remainder of 2026, marking a significant jump from the P100–P200 million recorded in 2025, when the firm only carried out pre-development work for its project pipeline. Chief executive officer Oscar de Venecia Jr. confirmed this during a recent event in Taguig City, noting that around P500 million has already been spent so far this year.

ICTSI completes Brazil logistics acquisition: posts strong Q1 2026 results

International Container Terminal Services Inc. (ICTSI) has fully acquired São Paulo-based logistics firm Companhia Regional de Armazéns Gerais e Entreposto Aduaneira (CRAGEA) through its wholly owned unit IRB Holding Ltda., after securing all regulatory approvals.

PLDT Global posts 26% Q1 revenue growth driven by hyperscaler demand

PLDT Global Corporation, the international arm of PLDT, recorded a 26 percent year-on-year rise in total net service revenues for the first quarter of 2026, marking a strong start to the year.

Banking & Insurance

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Corporate Bulletins

SM Investments earns top ESG, governance honors in regional survey

SM Investments Corporation (SMIC), parent of the SM Group, has been recognized in Alpha Southeast Asia’s 16th Annual Poll of Southeast Asia's Top Companies as the Philippines’ Best in Strategic CSR & ESG Reporting.

Lenovo hits record 7th in 2026 Gartner Supply Chain ranking

Lenovo climbed to 7th place globally in the 2026 Gartner Supply Chain Top 25—its highest rank ever, up from 8th in 2025.

Jollibee Group leads PH Sustainability Rankings again

Jollibee Group has ranked first among Philippine companies in the Brand Finance Sustainability Perceptions Index for the second year running, leading across all environmental, social and governance categories.

Tanduay: For Gen Z’s casual, creative drinking style

Gen Z prefers relaxed, authentic get-togethers over rigid plans—choosing home visits over fancy bars, and enjoying creative, unconventional drinks that feel true to their taste.

Social Responsibility & Sustainability

Skills, not just steaks, on Pilmico’s cutting board

In business, the sharpest investment isn't always a new production line or gleaming machinery. Sometimes, it is handing someone a knife—after the proper training, of course.

AIA, BPI AIA launch new health plans, support Kythe Foundation

AIA Philippines and BPI AIA have introduced two new health insurance products—AIA Critical Protect Plus and BPI AIA MultiCare Protect—while donating to the Kythe Foundation to help children with cancer.

McDonald’s Philippines joins Brigada Eskwela, deploys 10,000 volunteers

McDonald's Philippines has partnered once more with the Department of Education's Brigada Eskwela ahead of the new school year, sending over 10,000 staff volunteers to support more than 700 public schools nationwide.

Julie’s Bakeshop powers sustainability via smarter energy strategy  

Julie’s Bakeshop is taking a bigger bite out of its energy costs after tapping Vivant Energy Corp.'s retail electricity arm, COREnergy, to power its commissary operations, underscoring how energy procurement is becoming a competitive advantage for Philippine manufacturers.

Markets

SAMA debut gives Filipino brands regional growth springboard

The launch of the Strategic Asia Marketing Alliance (SAMA) Philippines is opening a new gateway for Filipino brands seeking to expand across Southeast Asia, giving businesses access to a regional network of independent marketing agencies through a single local partner.

Peso holds ground while politics tests market confidence 

The peso appears to have found its footing, but investors know that calm currencies do not always guarantee calm 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.

Travel

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Energy

PCCI backs ERC reforms to boost investment climate

The Philippine Chamber of Commerce and Industry (PCCI) has thrown its support behind the Energy Regulatory Commission's (ERC) latest reforms, saying the measures could improve the country's investment climate by lowering electricity costs, expanding consumer choice, and speeding up regulatory approvals.

MCC grant boosts Philippine reforms, energy investment prospects

The Philippines has secured a USD60 million Threshold Program grant from the US Millennium Challenge Corp.

Alternergy powers up Tanay wind project ahead of launch

Alternergy Holdings Corp. has reached a major milestone in its flagship Tanay Wind Project, successfully energizing the transmission facilities that will connect the 128-megawatt renewable energy project to the Luzon grid, bringing commercial operations a step closer.

DOE pauses GEA-5 offshore wind auction 

The Department of Energy (DOE) has suspended all activities for the fifth Green Energy Auction (GEA-5), which was set to award incentives for up to 3,300 megawatts of fixed-bottom offshore wind capacity.

Transport & Communications

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Property

SM Prime unveils P7 billion SM Seaside Cebu Arena

SM Prime Holdings Inc. officially introduced its new SM Seaside Cebu Arena to business and industry partners on Thursday, advancing development at its South Road Properties (SRP) estate.

Pag-IBIG cuts housing loan rates, raises borrowing cap 

The government is making homeownership more affordable after the...

North property boom builds on Pax Silica optimism

Residential property demand is gathering pace north of Metro Manila, with land values in key Central Luzon growth corridors climbing far faster than in the more established southern market as infrastructure upgrades and industrial investments reshape the country's next housing hotspots.

Filinvest Land turns over Bicutan lot to DOTr for key railway hub

Property developer Filinvest Land Inc. (FLI) has formally handed...

Environment

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Technology

Globe honored by DICT as PH nears 100% internet access

Decades of efforts to connect the Philippines’ over 7,000 islands are nearing success, with full nationwide internet access expected by end-July, DICT Secretary Henry Aguda announced during the close of 2026 National ICT Month and the agency’s 10th anniversary.

BSP launches book reviewing decades of financial crises and resilience in the Philippines

The Bangko Sentral ng Pilipinas (BSP) released its new publication Risk and Resilience in the Philippine Financial System: How Much Has Changed on 3 July 2026, coinciding with the central bank’s 33rd anniversary celebrations at its Manila headquarters.

GCash cracks down on QR scams, gambling networks

GCash has stepped up its campaign against digital fraud, shutting down more than 6,700 fraudulent merchant accounts and illegal gambling sites linked to the country's QRPh payment system as online scammers adopt increasingly sophisticated tactics to target consumers.

Canadian firms eye Philippine tech talent, digital expansion

Canadian companies' planned USD130.89 million (P8.03 billion) investments in the Philippines could mark the next phase of growth for the country's IT and business process management (IT-BPM) industry, with demand shifting toward higher-value digital services, artificial intelligence (AI), cybersecurity, and global capability operations.

Health & Science

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Opinion

Phoenix pumps more assets into the recovery tank

Every gas station has two values: the fuel it...

Upper-middle income, yet many Filipinos still feel left behind

The Philippines has earned an economic promotion. The World Bank now classifies it as an upper-middle-income economy, a milestone reached after years of growth and a steady post-pandemic recovery under President Ferdinand Marcos Jr.

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.

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.