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Remittances climb in May, fueling household spending and domestic growth 

Money sent home by overseas Filipinos continued its upward trajectory in May, providing a steady lifeline to millions of households and giving a welcome boost to the broader economy.

News Dispatch

Agriculture

Palay outlook brightens as corn forecast softens

The Philippines is on track for a stronger second-quarter rice harvest but faces a slight decline in corn production, reflecting the diverging fortunes of the country's two staple crops as farmers contend with shifting weather conditions and varying field productivity.

Satellite data modernizing DA operations in agri, fisheries sector

The Department of Agriculture is working closely with the Philippine Space Agency to expand the use of space technology and satellite data across the country’s farming and fisheries sectors, aiming to boost productivity, build better resilience to climate change, and deliver faster support to producers.

NFA opens P355.4M post-harvest facility in Iloilo

The National Food Authority (NFA) has launched a modern P355.4 million post-harvest facility in Dumangas, Iloilo, to cut grain losses, raise rice buffer stocks, and strengthen national food securit

DA lifts FMD-related meat import ban on Hungary

The Department of Agriculture has lifted a temporary ban on imports of foot and mouth disease-susceptible animals and their products from Hungary, following approval through Department Circular No. 34 signed on July 8.

Corporate

SEC overhauls rules for local credit rating agencies

The Securities and Exchange Commission has proposed updated regulations for credit rating firms to boost transparency, credibility, and investor confidence in the Philippine corporate bond market.

San Miguel launches P30 billion preferred share offer

Conglomerate San Miguel Corporation has launched a P30 billion preferred share offering, with funds set to go toward debt refinancing and key infrastructure projects including the proposed New Manila International Airport in Bulacan. The Securities and Exchange Commission gave approval for the offer the previous Tuesday. The shares will be open for subscription until July 23, with listing on the Philippine Stock Exchange scheduled for August 3.

Converge adds P5 billion to expanded share buyback plan

Converge Information and Communications Technology Solutions Inc., a major fiber internet provider, announced on Wednesday it has expanded its share buyback program with an additional P5 billion to boost shareholder value. The move was approved by the company’s board of directors. Chief financial officer Robert Leo Yu confirmed the extra funds will not disrupt daily operations or planned spending, including ongoing network expansion across the Visayas and Mindanao. He noted the decision reflects strong confidence in the firm’s worth and its ability to reward investors while maintaining heavy investments in national fiber infrastructure, supported by a solid financial position. Actual purchases will depend on market conditions and follow securities rules. Converge shares closed at P9.25 each on Wednesday.

PH aims for strategic nickel partnership with Indonesia amid supply shifts

The Philippine Nickel Industry Association (PNIA) urged the government to accelerate mining permit efficiencies as Indonesia’s upcoming 2026 quota decisions highlight the global need for a more diversified critical minerals supply chain.

Banking & Insurance

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Corporate Bulletins

Fintech raffle turns smart money moves into big rewards 

If using Salmon already feels good, it is about to get even better. Following a playful new ad where every financial win brings bursts of confetti for host Sam YG, Salmon is bringing that same excitement straight to its customers with the launch of the Feels Good Raffle.

Manulife China Bank Life expands early cancer screening access

Manulife China Bank Life, the partnership between Manulife Philippines and China Banking Corporation, is launching a new cancer support program to help customers take charge of their health.

Lalamove launches in Riyadh, supporting Saudi Vision 2030 and Filipino communities

Leading on-demand delivery platform Lalamove has officially launched in Riyadh, Saudi Arabia, marking a major step in its Middle East expansion and bringing familiar services closer to Filipinos living and working in the Kingdom.

Smart expands 5G standard postpaid service to over 100 stores nationwide 

Smart Communications has made its Smart Home WiFi Postpaid service available in more than 100 stores across the Philippines, bringing 5G-powered home internet to over 1.3 million households in 3,200 barangays.

Social Responsibility & Sustainability

AXA expands volunteer drive into lasting community partnerships

AXA Philippines is transforming employee volunteerism into a long-term community development strategy, mobilizing more than 2,000 employees nationwide during this year's AXA Week for Good (AWFG) while expanding livelihood, sustainability and education initiatives with nonprofit partners.

The only race where plastic bottles keep running

At most fun runs, the only thing getting recycled is the promise, "I'll start training next week." At the fifth Vermosa Green Run in Cavite, plastic bottles stole the spotlight by proving they deserved a second lap.

GCash expands digital giving as donations surge nationwide

GCash is widening its digital philanthropy platform after raising more than P8 million for earthquake relief efforts in Mindanao and adding 14 new non-government organizations (NGOs) to its in-app donation hub, GBayanihan.

Skills, not just steaks, on Pilmico’s cutting board

In business, the sharpest investment isn't always a new production line or gleaming machinery. Sometimes, it is handing someone a knife—after the proper training, of course.

Markets

Earnings season tests market amid rate concerns

Philippine shares are expected to trade cautiously in the coming weeks as the second-quarter earnings season begins, shifting investors' focus from recent market gains to whether corporate profits can withstand persistent inflation, the prospect of further monetary tightening, and rising geopolitical risks.

SAMA debut gives Filipino brands regional growth springboard

The launch of the Strategic Asia Marketing Alliance (SAMA) Philippines is opening a new gateway for Filipino brands seeking to expand across Southeast Asia, giving businesses access to a regional network of independent marketing agencies through a single local partner.

Peso holds ground while politics tests market confidence 

The peso appears to have found its footing, but investors know that calm currencies do not always guarantee calm markets.

Lazada deepens MSME drive via digital skills partnership

Lazada Philippines is stepping up its support for micro, small and medium enterprises (MSMEs), expanding partnerships with government agencies and relaunching its LazGrow Together program to help more Filipino entrepreneurs compete in the country's fast-growing digital economy.

Travel

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Energy

Alsons Power bullish on PH retail energy sector amid rule changes

Alsons Power Group sees strong growth ahead for its retail electricity supply business, following recent regulatory changes that open the market to more users.

ERC suspends grid delivery fee for energy storage during emergencies

The Energy Regulatory Commission has approved the temporary waiver of delivery service charges for energy storage systems during declared national energy emergencies.

First Gen confirms $5B non-binding offer for EDC from Indonesian firm

First Gen Corp. has disclosed to the Philippine Stock Exchange that Indonesian company PT Barito Renewables Energy submitted an unsolicited, non-binding offer to acquire its geothermal subsidiary Energy Development Corp. for around $5 billion.

Updated national radiological plan boosts PH nuclear emergency readiness

The Department of Energy has completed revisions to the National Radiological Emergency Preparedness and Response Plan, strengthening the country’s ability to respond to nuclear and radiological incidents.

Transport & Communications

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Property

Government bets P140 million on bigger World Trade Center

The government is stepping up its push to capture a larger share of the lucrative meetings, incentives, conferences and exhibitions (MICE) market, injecting an additional P140 million into the expansion of the World Trade Center Metro Manila (WTCMM) to strengthen the country's business tourism infrastructure.

DOF says property tax reform gives LGUs flexibility on rates

The Department of Finance (DOF) sought to dispel concerns over the newly enacted Real Property Valuation and Assessment Reform Act (RPVARA), saying the measure does not automatically raise property taxes and instead gives local governments wide latitude to cushion any impact on taxpayers.

Iloilo emerges as Philippines’ next provincial office powerhouse

Iloilo is no longer merely an alternative to Metro Manila and Cebu. It is increasingly becoming a destination in its own right for businesses seeking growth, talent, and room to expand, according to a new Colliers Philippines market report.

SM Prime unveils P7 billion SM Seaside Cebu Arena

SM Prime Holdings Inc. officially introduced its new SM Seaside Cebu Arena to business and industry partners on Thursday, advancing development at its South Road Properties (SRP) estate.

Environment

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Technology

Lenovo slashes business AI setup to one week with new ready-to-use agents

Lenovo is tearing down the biggest roadblock to corporate artificial intelligence by enabling businesses to launch secure, fully functioning AI systems in as little as a single week.

Philippines powers ahead as AI adoption accelerates

The Philippines is quickly carving out a place as one of Southeast Asia's most enthusiastic adopters of artificial intelligence, with Filipinos increasingly using Google's Gemini for work, creativity and customer service rather than just casual online queries.

IBPAP warns insider fraud threatens outsourcing industry’s credibility

The Information Technology and Business Process Association of the Philippines (IBPAP) is calling for tougher action against insider cybercrime, warning that fraudulent acts committed by a small number of employees could damage the country's reputation as one of the world's leading outsourcing destinations.

IBPAP expects AI readiness to boost revenue

The Philippine information technology and business process management (IT-BPM) industry is recalibrating its growth strategy, shifting its focus from expanding headcount to building an artificial intelligence-ready workforce as it targets more than USD50 billion in annual revenues by 2028.

Health & Science

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Opinion

Cockfighting returns to New World, history refuses to stay caged

Cockfighting has always occupied a peculiar corner of the Filipino psyche. It is at once sport, spectacle, business, culture—and depending on whom you ask, either cherished heritage or a tradition overdue for reckoning.

Phoenix pumps more assets into the recovery tank

Every gas station has two values: the fuel it...

Upper-middle income, yet many Filipinos still feel left behind

The Philippines has earned an economic promotion. The World Bank now classifies it as an upper-middle-income economy, a milestone reached after years of growth and a steady post-pandemic recovery under President Ferdinand Marcos Jr.

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.

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.