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Consumer confidence falls in Q2 2026 amid price worries; business sentiment improves in May

The Bangko Sentral ng Pilipinas (BSP) on Friday reports that consumer confidence declined substantially in the second quarter of 2026, while business sentiment improved in May, reflecting differing expectations amid global and domestic economic conditions.

News Dispatch

Agriculture

PH, Denmark launch project to modernize offshore fishing industry

The Department of Agriculture (DA) has partnered with Denmark to introduce a pilot project aimed at modernizing the Philippines’ offshore fishing sector. Signed through the Bureau of Fisheries and Aquatic Resources (BFAR) and the Danish Fishing Technology Cluster, this cooperation marks a new milestone as both countries celebrate 80 years of diplomatic relations.

Spanish Know-How Backs Philippine Dairy Expansion 

The Philippines is tapping Spanish dairy expertise to help accelerate efforts to raise local milk production, as government and industry partners move to address one of the country's most persistent agricultural supply gaps.

Philippines, Lao PDR expand agricultural cooperation to boost trade and food security

The Philippines and Lao People’s Democratic Republic have strengthened their bilateral agricultural ties through an updated Memorandum of Understanding (MOU).

Lanao del Norte water research center to get major upgrades

The National Fisheries Research and Development Institute has launched a rehabilitation program for its Brackishwater Fisheries Research and Development Center in Lanao del Norte, converting it into an Aquaculture Business Technology Incubation Center. Announced Tuesday, the project covers improvements to the training hall, two research ponds, and the laboratory.

Corporate

EastWest opens new branch at LIMA Estate in Lipa City

East West Banking Corporation (EastWest) has expanded its network with the opening of a new branch at The Outlets at LIMA Estate in Lipa City, Batangas.

Globe retains A’ rating in 2025 CDP Supplier Engagement assessment

Globe has kept its top ‘A’ rating in the 2025 CDP Supplier Engagement Assessment (SEA) for the second year running, underscoring its commitment to transparency, climate action, and responsible business practices throughout its value chain.

BPI conducts financial literacy sessions for MMMA graduating cadets

The Bank of the Philippine Islands (BPI), in partnership with BPI Foundation’s Bayan Program, has organized financial literacy and wellness workshops for over 280 graduating cadets of MOL Magsaysay Maritime Academy (MMMA).

Top Line raises P1.5 billion for Visayas expansion

Listed fuel distributor and retailer Top Line Business Development Corp. (TOP) has raised P1.5 billion from an oversubscribed follow-on offering of perpetual preferred shares, providing fresh capital to expand fuel importation and storage capacity as it bets on rising energy demand in the Visayas.

Banking & Insurance

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Corporate Bulletins

EastWest opens new branch at LIMA Estate in Lipa City

East West Banking Corporation (EastWest) has expanded its network with the opening of a new branch at The Outlets at LIMA Estate in Lipa City, Batangas.

BPI conducts financial literacy sessions for MMMA graduating cadets

The Bank of the Philippine Islands (BPI), in partnership with BPI Foundation’s Bayan Program, has organized financial literacy and wellness workshops for over 280 graduating cadets of MOL Magsaysay Maritime Academy (MMMA).

iACADEMY transforms learning spaces into professional launchpads

iACADEMY, the Makati-based private educational institution, has reaffirmed its position as the nation’s leading innovative school. Established 24 years ago, it received the “Most Innovative School” award at the Global Brands Awards in 2025, following its first distinction as “Most Innovative Education Provider” in 2020. This recognition makes it the only Philippine school to have received this honor twice, standing alongside global leaders such as Harvard University, MIT, and Nanyang Technological University.

Converge, CEU partner to upgrade digital infrastructure across campuses

Leading broadband provider Converge ICT Solutions Inc. has formalized a strategic partnership with Centro Escolar University (CEU) to roll out premium dedicated internet access (DIA) services across all six of its campuses.

Social Responsibility & Sustainability

Vietnam firms pledge P50M aid for Mindanao quake relief

Vietnamese companies VinFast, V-Green, VinEnergo, and Green GSM have committed more than P50 million in emergency assistance for communities affected by the devastating 7.8-magnitude earthquake that struck Mindanao on June 8, 2026, signaling both humanitarian support and deepening regional investment ties with the Philippines.

Ayala units expand financial literacy programs to community areas across Luzon

The Bank of the Philippine Islands (BPI), through its foundation arm, is advancing financial inclusion by rolling out financial education initiatives in communities near ACEN’s renewable energy project sites. The partnership covers areas in Quezon, Laguna, and Zambales provinces, targeting around 3,000 direct beneficiaries.

BDO advances financial empowerment for OFWs amid Migrant Workers’ Day observance

Leading Philippine financial institution BDO Unibank, together with its digital remittance partner Xoom, has extended support to overseas Filipino workers (OFWs) as the country commemorates Migrant Workers’ Day.

Razon-led firms mount quake relief drive in Mindanao

Companies and foundations linked to tycoon Enrique K. Razon Jr. have launched a coordinated humanitarian response following  the magnitude 7.8 earthquake that struck southern Mindanao on June 8, mobilizing logistics, utilities, and community resources to support relief operations in General Santos City and Sarangani.

Markets

Tanduay retains World’s Top Rum spot for 9th straight year

Tanduay, the Philippine rum brand owned by tycoon Lucio Tan, has kept its title as the world’s best-selling rum for nine consecutive years, according to Drinks International Magazine.

Hormuz risk keeps peso, PSEi on edge

Philippine financial markets are heading into the week on a cautious footing as renewed threats by Iran to potentially close the Strait of Hormuz inject fresh volatility into global oil supply expectations and inflation outlooks, according to Rizal Commercial Banking Corp. chief economist Michael Ricafort.

Mynt IPO May Put Philippine Stocks Back in Play

The planned initial public offer of Mynt, the company behind GCash, could do more than raise fresh capital. It may provide the Philippine stock market with the kind of growth story it has been missing.

Markets brace for twin central bank signals

Philippine financial markets are heading into a pivotal week, with investors largely keeping their powder dry ahead of policy decisions from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve that could shape the direction of stocks, bonds and the peso in the weeks ahead.

Travel

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Energy

MORE’s modernized power grid saves Iloilo from massive outages

Iloilo's modernized power grid may have spared the city the worst of a two-month wave of Visayas outages, a new economic report suggests. 

ERC reforms seek to spur next investment wave

The Energy Regulatory Commission (ERC) is rolling out regulatory reforms aimed at unlocking fresh investments in the power sector, easing grid bottlenecks, and accelerating the Philippines' shift toward renewable energy as electricity demand continues to climb.

BOI fast-tracks permits for major wind investment project

The government is moving to clear regulatory bottlenecks for a proposed 300-megawatt wind farm in Nueva Ecija, signaling a stronger push to turn policy support for renewable energy into projects that break ground rather than stall in paperwork.

VinEnergo, SunAsia seal $1.5B Philippine solar venture

Vietnam's VinEnergo and Philippine renewable energy developer SunAsia Energy Inc. have forged a strategic partnership to develop three large-scale solar projects worth more than $1.5 billion in projected lifetime revenues, underscoring growing regional investment in the country's clean energy sector.

Transport & Communications

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Property

DHSUD clear complaints backlog via conciliation push

The Department of Human Settlements and Urban Development (DHSUD) is accelerating efforts to resolve long-standing disputes between homebuyers and developers, clearing more than 1,100 complaint cases in less than two months under its Zero Backlog Program.

DOJ tightens net on rogue property brokers

The Department of Justice (DOJ) is stepping up efforts to crack down on illegal real estate activities, signaling a tougher enforcement stance as authorities seek to strengthen market integrity and restore public trust in property transactions.

RLC infuses six properties worth ₱10.62 billion into REIT

Robinsons Land Corporation (RLC), led by the Gokongwei group, will inject six of its shopping mall properties collectively valued at ₱10.62 billion into its real estate investment trust, RL Commercial REIT Inc. (RCR).

DMCI sets 2027 launch for Batangas beach resort

DMCI Homes is targeting a February 2027 opening for Solmera Beach Park Resort in San Juan, Batangas, as it expands into large-scale leisure and events-driven tourism developments outside Metro Manila.

Environment

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Technology

PLDT leads industry-wide effort stopping cable theft, protecting telecom infra

PLDT Inc. is stepping up its campaign against cable theft to maintain reliable connectivity and digital services for Filipino households and businesses.

Globe fuses mobile, home internet with new loyalty offers

Globe has launched a combined mobile and home internet package to make daily digital life smoother and more rewarding for users across the Philippines. The service brings together reliable mobile connectivity and high-speed fiber internet to support work, study, streaming, gaming and family communication both at home and on the go.

Salmon implements proactive security measures to counter rising digital fraud

Salmon, one of the country’s leading fintech applications, has strengthened its security infrastructure to address the growing complexity of fraud threats in the Philippines.

Delivery complaints drop 88% as DICT expands digital reforms

The Department of Information and Communications Technology (DICT) reported Thursday that complaints against courier services have fallen by nearly 88 percent over six months, thanks to its Oplan Bantay Padala initiative.

Health & Science

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Opinion

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.

Ghosts of 1949 haunt today’s Senate

The Philippine Senate has a remarkable talent for proving that history never really leaves the chamber. It merely changes surnames.

Silent senators forfeit democracy’s mantle

The Senate has been regarded as the last bastion of democratic dissent—a chamber where statesmen stood their ground, challenged power, and refused to let their voices be drowned out by political pressure or executive overreach. It was where difficult questions were asked, unpopular truths were spoken, and silence was treated not as a virtue but as a surrender.

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.