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President Marcos picks Robert de Leon as budget chief

President Ferdinand Marcos Jr. has appointed Kim Robert De Leon as the new Secretary of the Department of Budget and Management, Malacañang announced Monday.

News Dispatch

Agriculture

Sugar surplus grows as local demand weakens— PSMA

The Philippine Sugar Millers Association (PSMA) said the country currently has enough refined sugar supply, even as demand for locally produced sugar has weakened.

PhilRice pushes cost-saving farming methods ahead of wet season

The Philippine Rice Research Institute (Philippine Rice Research Institute) is urging rice farmers to adopt practical cost-saving measures as rising global prices of farm inputs continue to increase production expenses during the wet season planting period.

Private traders’ high palay prices limit NFA purchases – DA 

The Department of Agriculture (DA) said strong buying activity from private traders has pushed palay prices higher, limiting the National Food Authority’s (NFA) ability to buy rice stocks from farmers.

DA warns rice price cap violators of jail, fines

The Department of Agriculture (DA) has warned rice retailers, traders, and importers that violating the government’s newly imposed price ceiling on imported rice could lead to jail time, hefty fines, and even business closures under the Price Act.

Corporate

SEC warns public vs fake MocaMoca lending platforms

The Securities and Exchange Commission (SEC) has warned the public against dealing with fake online lending platforms posing as MocaMoca and Copperstone Lending Inc., citing reports of fraud, harassment, and possible misuse of personal data.

MRSGI 1Q profit nearly doubles on strong food retail sales

Metro Retail Stores Group Inc. (MRSGI), the retail company led by the Gaisano family, reported that its net income nearly doubled in the first quarter of the year to P25.84 million from P13.38 million a year earlier, driven mainly by strong performance in its food retail business.

Converge, Danao City partner to boost digital services

Broadband and technology provider Converge ICT Solutions Inc. has partnered with the Danao City local government to strengthen the city’s digital infrastructure and improve public services.

Beckham stars in Lenovo campaign promoting AI tech

Lenovo has launched “Maximum David,” a new global campaign featuring David Beckham that highlights how artificial intelligence (AI) technology can improve creativity, productivity, and performance in sports, business, and everyday life.

Banking & Insurance

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Corporate Bulletins

Converge, Danao City partner to boost digital services

Broadband and technology provider Converge ICT Solutions Inc. has partnered with the Danao City local government to strengthen the city’s digital infrastructure and improve public services.

Beckham stars in Lenovo campaign promoting AI tech

Lenovo has launched “Maximum David,” a new global campaign featuring David Beckham that highlights how artificial intelligence (AI) technology can improve creativity, productivity, and performance in sports, business, and everyday life.

Jollibee named among TIME’s  most influential companies

Jollibee Group has been included in the inaugural TIME100 Companies: Industry Leaders list and ranked among the Top 10 Food & Drink companies worldwide, highlighting the Filipino fast-food giant’s growing global influence.

BPI’s VYBE expands cash-in access through M Lhuillier partnership

The Bank of the Philippine Islands’ e-wallet, Bank of the Philippine Islands VYBE, has partnered with M Lhuillier to make digital financial services more accessible to Filipinos by offering free cash-in transactions in more than 3,000 branches nationwide.

Social Responsibility & Sustainability

Moms turns side hustles into thriving businesses

Filipino mothers are increasingly becoming “mompreneurs,” turning home-based side hustles into sustainable businesses with the help of digital technology and online communities.

Baguio boosts smart city push with AI partnership

Baguio City is stepping up its digital transformation efforts after partnering with PLDT and Smart to launch “AI-in-a-Box,” a program designed to help local governments use artificial intelligence to improve public services.

 SBMA launched expanded relief package for stakeholders

 The Subic Bay Metropolitan Authority (SBMA) is rolling out a new set of relief measures aimed at easing economic pressures on stakeholders in the Subic Bay Freeport Zone (SBFZ). The announcement follows a public consultation held on May 11, 2026, at the Subic Bay Exhibition and Convention Center (SBECC).

GT Capital donates prime real estate to boost Cavite education

In Philippine real estate, 15 hectares is usually enough space for condominiums, commercial strips, and the occasional traffic headache. GT Capital Holdings, Inc., however, has decided the land is better used for classrooms, libraries, and future blue eagles.

Markets

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.

Blue chips signal medium-term PSEi opportunity 

The Philippine stock market remains cautiously constructive as investors weigh short-term macro headwinds against improving medium-term earnings visibility.

PSEi faces volatility amid foreign selling pressure

The Philippine stock market is navigating a mixed outlook as the PSEi contends with renewed foreign selling, offset partially by improving domestic investor sentiment and anticipated foreign inflows into the local bond market.

PSEi range-bound amid global risks, weak peso

The Philippine stock market is expected to stay under pressure in the near term, as global uncertainties and a weak peso continue to dampen investor sentiment, according to 2TradeAsia.com.

Travel

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Energy

Visayas grid on yellow alert again amid power plant outages

The Visayas power grid was placed under yellow alert on Monday, marking the sixth alert for the region this month due to ongoing power plant outages and reduced electricity supply.

Gas and diesel prices set to rise again as PH fuel stocks decline — DOE

Fuel prices are set to move upward again this week, with gasoline and diesel increasing for the third straight week, while kerosene will get another price cut, according to the Department of Energy (DOE).

Alsons to convert Sarangani diesel plant into solar facility 

Alsons Consolidated Resources (ACR), through Alsons Power, will transform its 55-megawatt diesel power plant in Alabel, Sarangani into a 98.7-megawatt solar power facility as part of its renewable energy expansion.

Vena Group launched P24B  Ilocos solar projects

Vena Group has begun construction on two major renewable energy projects in Ilocos Norte, part of its 15-project pipeline, signaling another milestone in the Philippines’ drive to expand clean energy capacity and attract green investments.

Transport & Communications

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Property

Trinoma expansion poised to transform commuter traffic 

Ayala Malls is supercharging Trinoma with The Exchange at Trinoma, a new 40,000-square-meter retail and office wing designed to tap into rising commuter traffic and commercial activity at Quezon City’s upcoming Unified Grand Central Station.

McDonald’s opens first store at Ascenda estate

Ascenda, Ayala Land’s 204-hectare mixed-use estate in Toril, Davao City, has marked a key milestone in its development with the opening of McDonald’s Ascenda, the estate’s first commercial locator along the Maharlika Highway.

Rockwell Land Q1 profit surges on growth

Rockwell Land Corp., the listed property developer of Lopez Inc., reported a 67 percent increase in net income attributable to the parent company for the first quarter, driven by residential sales and recognition of revenue from the Alabang Commercial Center (ACC).

Belle eyes Clark as next casino hub

Belle Corp., the gaming and high-end leisure unit of SM Investments, is looking at Clark as the Philippines’ next major integrated resort destination amid rising tourism demand and improving infrastructure in Central Luzon.

Environment

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Technology

PLDT ready to face new satellite internet rivals in PH

PLDT Inc. said it is prepared to compete against new satellite connectivity providers expected to enter the Philippine market this year, stressing that the company remains confident in the strength and reach of its existing network services.

TELUS Digital trims attrition amid AI expansion drive

TELUS Digital Philippines said its employee-centered approach to artificial intelligence adoption helped lower attrition and strengthen workforce engagement in 2025.

TP ICAP op me new Philippine operations hub 

British financial markets infrastructure and data provider TP ICAP has expanded its Philippine footprint with the opening of a new facility at the Philippine Economic Zone Authority-accredited ECOPRIME Building in Bonifacio Global City.

ManageEngine upgrades Log360 with AI-driven security automation

ManageEngine, the enterprise IT management division of Zoho Corporation, has announced a major upgrade to its Log360 security platform, adding built-in security orchestration, automation, and response (SOAR) capabilities aimed at helping companies respond faster to cyber threats.

Health & Science

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Opinion

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.

Fuel crisis or policy gap?

Airline executives were caught off guard when President Ferdinand Marcos Jr. warned that Philippine carriers may be forced to cut flights—or even ground planes—due to a possible jet fuel shortage tied to the escalating U.S.-Israeli conflict with Iran.

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.