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Fuel prices seen rising this week as global oil costs climb

Motorists need to prepare for another round of fuel price increases this week, with both gasoline and diesel expected to become more expensive due to rising global oil prices and renewed tensions in the Middle East.

News Dispatch

Agriculture

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.

Scientists rush to protect global rice supplies 

A global alliance of scientists is stepping up efforts to save rice crops from worsening climate threats as rising heat, drought, and salinity place one of the world’s most important food staples under growing pressure.

PH launches $1B farm modernization program

The Philippines, with support from the World Bank and the United Kingdom, has launched a $1-billion agriculture transformation program aimed at modernizing farming, improving food security, and helping farmers adapt to climate change.

SRA distributes P14.5-M farm equipment to sugar farmers

The Sugar Regulatory Administration (SRA) has distributed 229 units of 4-in-1 knapsack power sprayers worth over P14.5 million to support sugarcane farmers in the Visayas.

Corporate

ABS-CBN 1 Q revenue falls amid weak ad spending

ABS-CBN Corporation reported a slowdown in its Content Production and Distribution business in the first quarter of 2026, reflecting weaker advertising demand and the absence of major entertainment events that boosted earnings a year earlier.

Asia United hits record profit, expands market

Asia United Bank (AUB) posted a record net income of P3.2 billion in the first quarter as the bank sustained strong profitability amid a challenging global economic environment.

Jollibee sees steady growth despite price hikes and rising costs

Jollibee Foods Corporation expects both same-store sales and system-wide sales to grow by a single-digit rate this year, even after implementing price increases across its stores, company executives said.

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.

Banking & Insurance

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Corporate Bulletins

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.

PLDT Home rolls out AI-powered customer support platform nationwide

PLDT is accelerating its digital transformation efforts with the nationwide rollout of an artificial intelligence-powered customer support platform across its Sales and Service Centers.

Security Bank, ACI win Asia-Pacific Payments Award

ACI Worldwide and Security Bank Corporation won the “Best Payment Technology Initiative in Asia Pacific” at the The Asian Banker Global Financial Technology Innovation Awards 2026 for upgrading the bank’s payment system.

EastWest renews Donny Pangilinan deal to reach young Filipinos

East West Banking Corporation has renewed actor and digital personality Donny Pangilinan as its brand ambassador for another year as the bank strengthens its push to connect with younger Filipinos through digital banking.

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

San Beda Alabang shifts to 100% renewable energy with ACEN RES deal

San Beda College Alabang (SBCA) will now run entirely on renewable energy after signing a power supply agreement with ACEN Renewable Energy Solutions (ACEN RES), the retail electricity arm of ACEN Corp.

DENR set public scoping for P13.5-B Magat pumped-storage hydro project in Isabela and Ifugao

The Department of Environment and Natural Resources (DENR), through the Environmental Management Bureau (EMB), has scheduled a public scoping activity for the proposed 97-megawatt (MW) Magat pumped-storage hydro (PSH) project worth P13.5 billion in the provinces of Isabela and Ifugao.

Fuel prices seen rising this week as global oil costs climb

Motorists need to prepare for another round of fuel price increases this week, with both gasoline and diesel expected to become more expensive due to rising global oil prices and renewed tensions in the Middle East.

Globe activates emergency plan to keep services running amid energy crisis

Telecommunications company Globe Telecom said it has activated its business continuity plan (BCP) following the government’s declaration of a State of National Energy Emergency, assuring customers that mobile and internet services will continue operating with minimal disruption.

Transport & Communications

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Property

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.

Profriends, ABC push ahead Westwind expansion

Property Company of Friends, Inc. (Profriends) has renewed its partnership with Archipelago Builders Corporation(ABC) to continue the development of Westwind, a residential project inside Lancaster New City. The agreement covers the construction of Westwind’s second building.

Environment

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Technology

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.

Globe supports Building Code update to boost digital connectivity

Telecommunications company Globe Telecom has expressed support for the government’s review of the National Building Code, saying the update is an opportunity to treat internet connectivity as essential infrastructure in future building and road projects.

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.