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NG delivers sustained revenue growth, matures beyond one-off windfalls as 4-month surplus hits P1.67 trillion

The National Government (NG) has demonstrated strong annual revenue collection of just under 14 percent, record-breaking efficiency and a pivot from "windfalls" to core tax sustainability in the past four years, according to Bureau of the Treasury (BTr) data.

News Dispatch

Agriculture

DA, NFA secure milling services in Bicol to boost palay purchases, food security

The Department of Agriculture (DA) and National Food Authority (NFA) have contracted six rice millers in Albay and Sorsogon to process over 114,000 bags of palay into roughly 74,600 bags of rice. Worth P19.1 million, the project aims to expand government rice reserves, free warehouse space, and support the low-cost rice program amid rising inflation.

NTA aasures purchase of all tobacco leaf harvests despite oversupply 

The National Tobacco Administration (NTA) confirmed it has secured commitments from traders and manufacturers to buy all flue-cured Virginia (FCV) tobacco produced this season in the Ilocos Region and Abra, even though supply is well above demand.

NFA taps rice mills to boost Mindanao palay output

The National Food Authority (NFA) has partnered with 15 rice mills in Soccsksargen under an emergency program to strengthen food security and free up warehouse space to buy palay from about 1,100 farmers in Central Mindanao, the Department of Agriculture (DA) announced Tuesday.

British Chamber backs pork import reforms, lower tariffs

The British Chamber of Commerce of the Philippines said the government’s decision to maintain lower tariffs on pork imports and revisit the Minimum Access Volume (MAV) system could strengthen agricultural trade between the United Kingdom and the Philippines while helping stabilize domestic food prices.

Corporate

Ayala, CP Axtra expand Makro’s reach

The Ayala Group has signed a cooperation deal with Thailand’s CP Axtra to improve Makro malls in Thailand, combining Ayala’s property expertise with CP Axtra’s retail network.

VITRO, BBIX PH forge powerful new connection

VITRO, BBIX PH forge powerful new connection Corporate bulletin VITRO Inc., the country’s leading data center provider, has teamed up with BBIX Philippines to create a direct link between BBIX and the VITRO Internet Exchange (VIX), strengthening the local digital ecosystem. This partnership allows faster, more efficient data traffic exchange. Businesses and users connected to either network will enjoy better routing, shorter delays, and easier access to local and global content and services. A 100G connection is already active at VITRO Makati 2, with plans to expand capacity as needed. VIX brings strong local reach, serving over 98 million internet users and hosting major companies and carriers. BBIX adds global expertise and access to worldwide cloud platforms, content providers, and tech services. Together, they combine local strength and global reach to improve internet performance nationwide. Officials from both firms noted the collaboration will deliver smoother online experiences, support the growing digital economy, and help bridge connectivity gaps across the Philippines. Both remain committed to upgrading infrastructure to meet rising demand for data and cloud services.

AEV wins ‘A-’ rating amid expansion push

Aboitiz Equity Ventures, Inc. (AEV) has secured an “A-” foreign currency long-term issuer rating with a “Stable” outlook from Japan Credit Rating Agency, Ltd., reinforcing the conglomerate’s investment-grade standing as it accelerates expansion across power, banking, infrastructure, and consumer businesses.

SMC Tollways 1Q 2026 profit rises 7% on strong traffic, lower costs

SMC Tollways Corp. reported a 7 percent growth in net income for the first quarter of 2026, reaching P12.62 billion, up from P2.44 billion in the same period last year. Consolidated total revenue rose 4 percent to P5.66 billion, fueled by higher vehicle volume across all expressway networks.

Banking & Insurance

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Corporate Bulletins

VITRO, BBIX PH forge powerful new connection

VITRO, BBIX PH forge powerful new connection Corporate bulletin VITRO Inc., the country’s leading data center provider, has teamed up with BBIX Philippines to create a direct link between BBIX and the VITRO Internet Exchange (VIX), strengthening the local digital ecosystem. This partnership allows faster, more efficient data traffic exchange. Businesses and users connected to either network will enjoy better routing, shorter delays, and easier access to local and global content and services. A 100G connection is already active at VITRO Makati 2, with plans to expand capacity as needed. VIX brings strong local reach, serving over 98 million internet users and hosting major companies and carriers. BBIX adds global expertise and access to worldwide cloud platforms, content providers, and tech services. Together, they combine local strength and global reach to improve internet performance nationwide. Officials from both firms noted the collaboration will deliver smoother online experiences, support the growing digital economy, and help bridge connectivity gaps across the Philippines. Both remain committed to upgrading infrastructure to meet rising demand for data and cloud services.

MPower to supply Calamba Medical Center with relianle, cost-effective electriicity

MPower, the retail electricity arm of Meralco, will provide power supply to Calamba Medical Center (CMC) in Laguna to meet its growing energy needs. Under the agreement, five service accounts will be covered by the Retail Aggregation Program and one under the Competitive Retail Electricity Market, giving the hospital access to competitive rates and greater supply flexibility.

PhilEnergy 2026 targets Philippines’ pressing energy challenges

As the Philippines grapples with rising electricity prices, volatile oil costs, and mounting pressure to transition to cleaner energy, industry leaders are positioning the 4th edition of PhilEnergy Expo 2026 as a critical platform for shaping the country’s energy future.

GSIS names new trustee, honors outgoing member’s service

The Government Service Insurance System (GSIS) has welcomed Rolando Toledo to its board of trustees, while commending outgoing trustee Beatriz Torno for her long-standing public service. This move supports the state pension fund’s goal to strengthen governance and improve services for members and retirees.

Social Responsibility & Sustainability

Home Credit boosts employee financial welness amid resilience gap

While financial literacy among Filipino adults rose to 74 percent in 2025 (up from 69 percent in 2021), only 30 percent have enough savings for emergencies, per the latest Bangko Sentral ng Pilipinas survey.

 Ayala Land hits the brakes on cars, not fun

Ayala Land, Inc. is bringing its popular Car-Free Sundays to Davao and Negros, giving residents a rare chance to reclaim city streets for people instead of traffic. 

foodpanda Philippines distributes P62M rider incentives

foodpanda Philippines has distributed over P62 million in incentives to its Ka-panda delivery partners from March to May 2026 through nationwide add-on incentive quests aimed at boosting rider earnings and engagement.

MPIF assesing Tubbataha Reefs health in exploration dive

Metro Pacific Investments Foundation (MPIF) is holding the Shore It Up! Tubbataha Exploration Dive until May 27, 2026, by bringing together experts to assess the health of the Tubbataha Reefs Natural Park — a critical Philippine marine sanctuary and global biodiversity site in the Sulu Sea.

Markets

Inflation jitters weigh on Philippine peso, stocks

The peso and Philippine equities continued to face mounting pressure as investors grappled with persistent inflation concerns, global market volatility, and cautious sentiment over the domestic outlook.

Filipinos shift toward affordable, convenience-led retail

The Philippine retail landscape is undergoing a clear shift as consumers increasingly prioritize affordability and convenience, driving a rebound for neighborhood sari-sari stores while traditional supermarkets continue to lose ground.

 Senator Aquino wars new ad rules burden MSMEs

Senator Bam Aquino has once again criticized the Department of Trade and Industry (DTI), raising concerns that a proposed regulation requiring permits for advertisements and promotional campaigns could create an additional bureaucratic burden for micro, small, and medium enterprises (MSMEs) and online sellers.

Peso near lows as markets turn defensive

The Philippine peso is again nearing record lows as persistent inflation, geopolitical tensions, and strong US dollar demand continue to pressure local markets. Rizal Commercial Banking Corp. chief economist Michael Ricafort said the peso could retest historic weakness after falling 1.8% this week and approaching the April 30 intraday low of P61.75 against the dollar.

Travel

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Energy

Aboitiz, DOE, NPC join forces for nuclear site studies

The Department of Energy (DOE) confirmed having signed a memorandum of understanding (MOU) with Aboitiz Power Corp. and the National Power Corp. (NPC) to conduct comprehensive studies on potential nuclear power plant sites across the Philippines, including the Bataan Nuclear Power Plant (BNPP).

Public scooping set for Surigao coal mining project

The Department of Environment and Natural Resources – Environmental Management Bureau (DENR-EMB) will hold a public scoping on June 2, 2026, for a proposed coal mining project in Lingig, Surigao del Sur.

SteelAsia hires returning OFWs for mill expansion

Steel manufacturing giant SteelAsia Manufacturing Corp. has hired 106 repatriated overseas Filipino workers (OFWs) across its four mills as it ramps up plans to expand domestic steel production.

Primelectric cuts rates across Visayas power markets

Primelectric Holdings Inc. is banking on cheaper power supply deals and market efficiencies to deliver the lowest electricity rates in the Visayas amid volatile global fuel prices.

Transport & Communications

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Property

Ayala Malls reimagines spaces for work, community

Ayala Malls is repositioning its malls as multi-use community hubs with the launch of Our Common Place, an initiative that transforms retail environments into flexible spaces for work, rest, connection, and social support.

Filinvest Land leasing revenues rise amid mall growth

Filinvest Land, Inc. said its mall business continued to strengthen in the first quarter, with leasing revenues climbing 17 percent year-on-year to P744 million as higher tenant occupancy and stronger consumer traffic boosted recurring income.

Filreit adds Gatestone as new tenant in Alabang office hub

Filinvest REIT Corp. (Filreit) has welcomed Gatestone and Co., a global customer experience and digital transformation company, as its newest international tenant.

Filinvest boosts liquidity through aggressive inventory sales

Filinvest Land, Inc. strengthened its balance sheet in the first quarter of 2026 after cutting unsold residential inventory by P4.1 billion, highlighting the company’s push to improve capital efficiency amid a more selective property market.

Environment

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Technology

Philippine Contact Centers accelerate AI-driven industry shift

Artificial intelligence adoption is accelerating across the Philippine customer experience industry, fueling a sweeping transformation as the Contact Center Association of the Philippines officially rebranded into the Customer Xperience Association of the Philippines (CXAP).

Globe launches new connectivity solutions to ease cost pressures for consumers, businesses 

Globe Telecom Inc. introduced a wide range of mobile, home, and enterprise solutions on Tuesday, designed to help Filipinos cope with economic challenges and rising expenses.

PEZA eyes advanced manufacturing growth

Philippine Economic Zone Authority (PEZA) underscored the critical role of advanced manufacturing sectors—particularly electronics, automotive, and die and mold industries—in driving investments, exports, and employment as it intensifies efforts to build a more resilient industrial ecosystem.

DITO launches StreamZone data bundles with streaming perks nationwide

DITO Telecommunity has expanded its prepaid lifestyle offerings with DITO StreamZone, a new set of data packages made specifically for video streaming users across the Philippines.

Health & Science

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Opinion

Senate descends to institutional absurdity

If anyone still believed the Philippine Senate had reached rock bottom, the May 25 session suggested there was, in fact, a trapdoor beneath the floor.

Senate power shift risks Estrada-style backlash

The sudden leadership shake-up in the Senate ahead of the impeachment trial of Vice President Sara Dutertel may yet prove a poisoned chalice—a glittering prize that offers control today but threatens political liability tomorrow.

A house divided: Lopez family rift tests corporate governance

“Every kingdom divided against itself is brought to desolation, and every house divided against itself will not stand.” In the Lopez corporate universe, the verse now reads less like scripture and more like a live governance case file—complete with injunctions, contested boardrooms, and competing versions of who nearly switched off the lights.

The Days Ahead

Several things have changed over the past month. The global economy is now poised to face another severe slowdown and rising inflation as a result of the Middle East conflict. While the impact on countries may differ in magnitude, the oil supply shock will squeeze economic activity and raise prices significantly.

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.