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Senate elects new leaders as Escudero joins session

The Senate broke a two-day leadership deadlock on Wednesday after former Senate President Francis Escudero joined the chamber’s session, paving the way for the election of Sherwin Gatchalian as the new Senate president and the reorganization of key committees. The leadership change is expected to face legal and procedural challenges from allies of former Senate President Alan Peter Cayetano, who dispute the validity of the proceedings. Among the chamber’s first actions under the new leadership was the designation of a presiding officer for impeachment trials, except in cases involving the President, signaling efforts to restore the Senate’s legislative and constitutional functions after days of paralysis.

News Dispatch

Agriculture

PH sends first commercial carabao mango shipment to Toronto

The Philippines has dispatched its first-ever commercial batch of fresh Carabao mangoes to Toronto, Canada, according to the Department of Agriculture (DA).

Rice, corn stockpiles rise ahead of harvest

The Philippines entered May with larger rice and corn inventories, providing a cushion against supply disruptions and helping ease concerns over food availability as the country moves toward the next harvest cycle.

DA targets August start for new FMR projects

The Department of Agriculture on Wednesday (DA) said that the construction of major farm‑to‑market roads (FMR) under its program is set to begin by August this year, with bidding activities scheduled from June to July. In a briefing in Quezon City, DA assistant secretary and spokesperson Arnel de Mesa, who also chairs the Bids and Awards Committee (BAC) for large FMR projects, said preparations are already underway, including a pre‑procurement conference scheduled soon.

Compliance with imported rice price cap hits 47% amid stricter DA checks

The Department of Agriculture (DA) has expanded market monitoring nationwide to strictly enforce the P50 per kilogram price ceiling for imported rice with 5 percent broken grains. In a statement Tuesday, the agency reported that compliance has steadily improved since the measure took effect, reaching 47.42 percent in the latest round of simultaneous inspections across Metro Manila and other regions. The increase is credited to more frequent checks and stronger presence of law enforcement in public markets.

Corporate

DigiPlus clears key requirement for P12-billion IEC acquisition deal

Online gaming company DigiPlus Interactive Corp. announced Thursday it has met the second set of conditions under its subscription agreement with Hong Kong-listed International Entertainment Corp. (IEC), moving forward with a major expansion plan.

BSP brings money management tools to Zamboanga farming communities

The Bangko Sentral ng Pilipinas (BSP) has brought its economic and financial learning program (EFLP) to Zamboanga City, targeting farmers, fisherfolk, agri-entrepreneurs, cooperative members, rural households, and local agriculture workers.

Maynilad cuts water rates starting July; Manila Water fees unchanges

Starting July 1, 2026, Maynilad customers will see slightly lower monthly water bills, while rates for Manila Water subscribers will stay the same, according to the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO).

Globe fights child malnutrition

Globe Platinum has blended exclusive customer experiences with social purpose through a charity dinner in Cebu, aimed at addressing child hunger and stunting across the Philippines.

Banking & Insurance

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Corporate Bulletins

Healthcare distributors get financing from Security Bank, AC Health units

Security Bank has partnered with AC Health subsidiaries I.E. Medica and MedEthix to offer financing support to their nationwide dealer and distributor network via the bank’s dealer financing program. Accredited partners gain access to short-term credit lines and inventory financing, helping them manage working capital, raise purchasing power, and improve cash flow. This support is designed to strengthen the country’s healthcare supply chain by enabling better inventory management and faster response to demand.

Globe launches affordable cloud storage service

As more Filipinos create and store digital content, limited phone space has become a common issue, often forcing users to delete precious files. To address this, Globe has introduced Globe Cloud, a secure and accessible storage solution unveiled during The Blueprint by Globe event. Designed for everyday users, the service lets customers back up photos, videos, and documents to free up device memory while keeping data safe and accessible anywhere.

SGV adds 3 partners to bolster assurance, tax teams

SGV & Co., the country’s largest professional services firm, has admitted three new partners effective July 1, as it strengthens leadership across its assurance and tax practices amid growing demand for specialized advisory and compliance services.

NKC PH taps First Gen for 1.84-MWp rooftop solar project in Cebu

NKC Manufacturing Philippines Corporation, a local unit of Japan’s Nakanishi Metal Works Group, has partnered with First Gen Group to build and run a rooftop solar power plant at its factory inside the Mactan Economic Zone.

Social Responsibility & Sustainability

Globe fights child malnutrition

Globe Platinum has blended exclusive customer experiences with social purpose through a charity dinner in Cebu, aimed at addressing child hunger and stunting across the Philippines.

DOE, Ayala Land launch weekly energy-saving drive

The Department of Energy (DOE) and Ayala Land, Inc. have launched a nationwide campaign encouraging Filipinos to cut electricity consumption for one hour each week, as the government intensifies efforts to promote energy efficiency and strengthen energy security.

BPI’s Best Life Run returns June 7, unites over 100 firms for wellness

The Bank of the Philippine Islands (BPI) will hold its 3rd Best Life Run on June 7, gathering more than 100 companies to promote workplace wellness as it marks its 175th anniversary. Launched internally in 2023 as an employee activity, the event opened to corporate partners and the public in 2024, growing from a simple fitness drive into a platform that encourages well-being across industries.

Gokongwei Foundation’s ‘Iskolar ni Juan’ techvoc program opens career paths for young Filipinos

The Gokongwei Brothers Foundation (GBF), in partnership with food and beverage industry leader Universal Robina Corp. (URC), operates the Iskolar ni Juan scholarship program to provide young Filipinos—especially those unable to afford college education—with a clear alternative pathway toward stable employment.

Markets

SEC director arrested in NBI extortion sting

The Securities and Exchange Commission (SEC) said Wednesday that one of its directors has been arrested by the National Bureau of Investigation (NBI) in an entrapment operation over the alleged extortion of a private corporation.

Investors seek shelter as risks crowd horizon

A growing list of economic and geopolitical concerns is pushing investors into defensive mode, with the Philippine Stock Exchange index (PSEi) struggling to regain momentum after slipping below a key support level.

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.

Travel

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Energy

Angeles Power secures P2B loan for Tarlac solar project expansion

Angeles Power Inc. (API), parent firm of listed renewable energy player Raslag Corp., has obtained a P2 billion loan from the Bank of the Philippine Islands to fund its 49.9-megawatt Paldo solar facility in Tarlac.

Acwa, Nickel Asia power arm pursue 5,000 MW RE, gas projects in PH

Acwa Power Philippines and Emerging Power Inc. (EPI), the power generation unit of Nickel Asia Corp., have signed a deal to jointly develop up to 5,000 megawatts of renewable energy and natural gas-fired power facilities across the country.

DOE eyes faster permits as EV demand accelerates

The Department of Energy (DOE) is moving to cut red tape for electric vehicle (EV) charging stations, pushing for a joint memorandum circular with key government agencies to dramatically shorten permitting timelines as EV adoption gains momentum nationwide.

Top Line fuels expansion with preferred shares sale

Cebu-based fuel distributor and retailer Top Line Business Development Corp. is tapping the capital markets anew, securing regulatory approval for a preferred shares offering of up to P1.5 billion as it accelerates plans to expand fuel infrastructure and strengthen its position in the Visayas energy market.

Transport & Communications

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Property

SM Prime hits pause on P18B bond sale

SM Prime Holdings Inc. has put the brakes on a planned bond offering of up to P18 billion, opting to wait for more favorable market conditions as it seeks funding for an ambitious expansion and redevelopment program across the country. 

Bond bonanza gives Filinvest fresh firepower

Filinvest Land Inc. (FLI) has secured fresh ammunition for its expansion plans after raising P9 billion from a retail bond offering that drew overwhelming investor demand, underscoring confidence in the property developer's ability to navigate a challenging real estate market. 

Keen & Worth eyes 2027 turnover for Ongpin Tower

Keen & Worth Property Developers Inc. is gearing up for the 2027 completion of its flagship project, Ongpin Tower, as it seeks to establish itself as a new player in the country’s high-end residential market.

Fisher Mall expands beyond retail with government services

Fisher Mall is strengthening its position as a one-stop destination by expanding access to government services, retail essentials, wellness offerings, and entertainment facilities under one roof.

Environment

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Technology

Fiber expansion drives Globe’s 6% rise in Home broadband revenues 

Globe Telecom Inc. is accelerating the expansion of its fiber infrastructure to keep up with rising demand for high-speed internet, a move it sees as key to its long-term growth.

NPC expands AI oversight as privacy risks grow

The National Privacy Commission (NPC) is ramping up efforts to strengthen data protection and govern emerging technologies, unveiling plans to expand its regional presence and deepen oversight of artificial intelligence as it marked its 10th anniversary during National Data Privacy Awareness Week 2026.

Puregold, GCash push digital shift for stores 

Puregold Price Club, Inc. and GCash are expanding digital payment and financial management tools for sari-sari stores, a move aimed at accelerating financial inclusion and helping thousands of small retailers modernize their operations.

Oracle’s surge bolsters fortune of Larry Ellison

Oracle shares surged nearly 8 percent on Monday as investors doubled down on a powerful Wall Street wager that the artificial intelligence boom will require vast amounts of cloud capacity and computing power. 

Health & Science

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Opinion

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.

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.

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.