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T-bill yields rise as inflation pressure builds

Average rates on Treasury bills climbed at Monday’s auction as investors demanded higher returns, adjusting to expectations of further monetary tightening by the Bangko Sentral ng Pilipinas amid rising inflation pressures.

News Dispatch

Agriculture

DA steps in as palay prices drop in some areas

The Department of Agriculture (DA) is taking action to stabilize palay (unhusked rice) prices after declines were reported in several major rice-producing provinces.

Philippine bamboo holds ground, but bugs still bite

In a country increasingly dependent on non-wood forest products as timber supplies tighten, bamboo has become a practical stand-in for everything from furniture and handicrafts to panels and housing materials. It grows quickly, is widely available, and supports rural livelihoods. 

Stronger dry-season rice harvest expected as palay prices recover

The Department of Agriculture (DA) expects a stronger rice harvest this dry season, helped by the recent increase in palay (unmilled rice) prices.

Typhoons drag down Q1 rice, corn output

Rice and corn production declined in the first quarter of 2026, reflecting lingering damage from late 2025 typhoons that disrupted planting schedules and destroyed standing crops across key farming regions.

Corporate

A. Brown secures investment grade for maiden bonds

A Brown Company, Inc. has secured an investment-grade credit rating ahead of its planned maiden bond issuance, signaling market confidence as it taps debt markets to fund expansion across real estate and renewable energy.

Consunji says cement firm on track to return to profit

The Consunji family said its cement company, Concreat Holdings Philippines Inc., is on track to recover from losses and aims to become profitable within three years.

ICTSI posts 23% rise in Q1 2026 net income

The International Container Terminal Services Inc. (ICTSI) reported a 23 percent increase in net income for the first quarter of 2026, driven by higher operating income and stronger port activity.

Manila Water named among Top 10 firms in ATRAM sustainability fund

Manila Water has been included in the Top 10 companies of the ATRAM Philippine Sustainable Development and Growth Fund after a review of firms based on sustainability performance.

Banking & Insurance

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Corporate Bulletins

Manila Water named among Top 10 firms in ATRAM sustainability fund

Manila Water has been included in the Top 10 companies of the ATRAM Philippine Sustainable Development and Growth Fund after a review of firms based on sustainability performance.

Kishida visits Philippines, meets Zubiri and energy partners

Former Japanese Prime Minister Fumio Kishida, now a lawmaker, visited the Philippines as a special envoy of Prime Minister Sanae Takaichi.

UP Innovation Summit opens, targets partnerships growth

The University of the Philippines will launch its inaugural Inoblasyon Innovation Summit on May 5 at the SMX Convention Center Aura, convening leaders from industry, government, and academia in a bid to accelerate collaboration across the country’s innovation ecosystem.

Tanduay rums win top awards at international spirits competition

Rum maker Tanduay earned multiple awards at the International Spirits Competition by Enthusiast Report, highlighting its continued focus on quality and global standards.

Social Responsibility & Sustainability

Manila Water strengthens heat safety measures for workers amid rising temperatures

Manila Water has rolled out additional safety measures to protect its workers and contractors from heat-related illnesses as high temperatures continue across Metro Manila’s East Zone and Rizal Province.

Parañaque fishers get financial training support

Fisherfolk in Barangay La Huerta are getting help to better manage their income through a new financial education program led by the Bangko Sentral ng Pilipinas, the Parañaque city government, and BDO Foundation.

Ilocos Norte, ACEN roll out solar access program

The Provincial Government of Ilocos Norte has launched a first-of-its-kind campaign to bring rooftop solar to households, partnering with ACEN and GCash to make clean energy more accessible and affordable.

Ayala Land affiliate donates land for Laguna civic hub

An affiliate of Ayala Land Inc. has formalized plans for a new civic hub in Laguna, advancing efforts to expand institutional infrastructure in southern Luzon’s fast-growing corridor.

Markets

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.

Peso slides, stocks stall as caution builds

Philippine financial markets are in a consolidation phase, with the peso and equities under pressure as tighter monetary conditions and inflation concerns weigh on sentiment.

Women entrepreneurs drive economy but need more support to scale

Filipina entrepreneurs—many of them mothers—play a major role in the Philippine economy, owning 66 percent of existing businesses and 62 percent of newly registered enterprises. Despite this strong presence, many women-led micro, small, and medium enterprises (MSMEs) struggle to grow due to limited access to funding, low digital adoption, and the challenge of balancing business and family responsibilities.

Peso stalls, stocks drift amid global uncertainty

The Philippine peso edged weaker last week, pausing after two consecutive weeks of gains as the dollar-peso pair settled into a narrow trading band.

Travel

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Energy

SMPC plans “sustainable mine strategy” as Semirara coal contract nears expiry

Semirara Mining and Power Corp. (SMPC) says it is preparing a sustainable mining plan as it seeks to continue operating the Semirara coal resource in Antique, even as the government moves ahead with a bidding process for the site.

Gasoline, diesel prices up; kerosene down

Motorists will see mixed fuel price changes this week, with gasoline and diesel prices going up slightly, while kerosene continues to get cheaper.

Philex flags recovery path as Silangan nears launch

Philex Mining Corporation (PSE: PX) opened 2026 with a weaker first-quarter performance but pointed to improving operations ahead, as restoration works at its Padcal mine progress and its long-delayed Silangan project moves closer to production.

ACEN funds battery project with internal loan

ACEN Corp., the renewable energy arm of the Ayala Group, has extended a short-term loan of up to P850 million to its wholly owned subsidiary, Palauig Solar 1 Inc., to support the rollout of a battery energy storage project in Zambales.

Transport & Communications

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Property

Megaworld sustains growth as townships drive stability

Property giant Megaworld Corporation posted a 6 percent rise in net income in the first quarter of 2026, reaching P6.2 billion from P5.8 billion a year earlier, supported by steady gains across its leasing, hotel, and residential businesses.

Affordable housing fuels Metro Manila condo recovery

Metro Manila’s residential condominium market is beginning to show signs of recovery, largely fueled by sustained demand for affordable housing—even as vacancy rates remain elevated, according to Colliers Philippines.

SMHCC taps Lucas to lead SMX, launch SMXCITE

SM Hotels and Conventions Corp. (SMHCC) has named industry veteran Sherwin Lucas as general manager of SMX Convention Center Manila, entrusting him as well with leading the rollout of SMXCITE (SMX Center for International Trade and Exhibitions), the company’s flagship venue slated to rise within the Mall of Asia Complex by 2027.

Ayala Land leans on recurring income growth 

Ayala Land Inc., one of the country’s largest property developer, reported first-quarter 2026 net income of P5.4 billion on revenues of P37.5 billion, as the property giant sharpened its focus on recurring income streams and disciplined capital deployment amid a more cautious operating environment.

Environment

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Technology

Singapore infrastructure cyber incident highlights third-party security gaps

A recent cybersecurity incident involving Shanghai Tunnel Engineering Company Singapore (STECS) has raised concerns about risks linked to third-party contractors in critical infrastructure projects.

Globe provides aid, connectivity support as Mayon unrest continues

Telecom company Globe Telecom has rolled out relief and connectivity support for communities in Albay as Mayon Volcano remains under Alert Level 3 due to ongoing unrest.

Organizations push ahead with AI despite risks — study

A new global study by TrendAI shows that many organizations are rolling out artificial intelligence (AI) even when they have serious security and compliance concerns.

Globe boosts network readiness to minimize outages during power disruptions

Globe Telecom Inc. is strengthening its network operations to keep customers connected during power outages and reduce service interruptions.

Health & Science

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Opinion

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.

Choked Hormuz puts global food supply at risk

Food, not fuel, may prove the first and most immediate casualty of the Middle East conflict as disruption grips the Strait of Hormuz, a narrow sea lane with an outsized role in feeding the world.

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.