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IMF flags legal, cyber risks in digital peso push

The International Monetary Fund (IMF) has urged the Bangko Sentral ng Pilipinas (BSP) to strengthen its legal, operational, and cybersecurity foundations as it advances plans to explore a wholesale central bank digital currency (wCBDC), highlighting the growing complexity of building next-generation financial infrastructure.

News Dispatch

Agriculture

DA, BOC seize P7M smuggled carrots hidden in noodle shipments

The Department of Agriculture (DA) and the Bureau of Customs (BOC) have intercepted more than P7 million worth of smuggled fresh carrots concealed inside shipments falsely declared as processed food products, dealing another blow to agricultural smuggling operations that authorities say threaten both consumers and local farmers.

NDA: Key guidelines for new mandate ready before October

The National Dairy Authority (NDA) expects to finalize the implementing rules for its expanded role under Republic Act 12308, or the Animal Industry Development and Competitiveness Act, before October this year. The law allocates P20 billion annually over 10 years to strengthen the country’s livestock sector.

DA rolls out pineapple shipment to UAE, reopening Middle East market access

The Department of Agriculture (DA) has begun fulfilling fresh pineapple orders from the United Arab Emirates (UAE), marking a major push into the Middle East market and reopening key trade routes despite ongoing logistical challenges.

US crab ban threatens key export lifeline

The Philippines' blue swimming crab industry is facing a major threat to one of its most important export markets, prompting exporters to call for urgent government intervention before a looming US import restriction takes effect.

Corporate

BPI marks 175th year with #BestLifeRun 2026, drawing over 10,000 participants

The Bank of the Philippine Islands (BPI) on Sunday held its #BestLifeRun 2026 Corporate Race along Ayala Avenue, Makati City, gathering more than 10,000 runners from over 200 companies and 50 running clubs.

PNB exec named among top ASEAN investment selectors for 2026

Philippine National Bank (PNB) has announced that Mark Gieron De Mesa, head of wealth solutions, has been included in Citywire Asia’s Top 25 ASEAN Selectors 2026 list. He is one of eight Filipino professionals recognized this year for excellence in fund selection and portfolio management across the region.

Foundation draws work-ready scholars from Bacolod university

In Bacolod City, Negros Occidental, Tubig Pilipinas Foundation Inc. (TPFI) has officially partnered with National University (NU) Bacolod through Project KINABUKASAN, an initiative created to help qualified students from host communities earn college degrees and build careers within their home region. Under this agreement, two scholars from Barangays Abo-Abo and Caliban in Murcia, Negros Occidental will receive full tuition coverage, education allowances, and academic support for courses linked to community and national development, such as Civil Engineering, Architecture, Accountancy, and Computer Science.

SM Hotels assigns Siega to Cebu’s MICE giant

Janytte Siega is stepping into one of the most significant roles in the Philippine meetings and events industry as SM Hotels and Conventions Corp. (SMHCC) taps the seasoned hospitality executive to lead SMX Convention Center Seaside Cebu ahead of its scheduled opening in November 2026.

Banking & Insurance

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Corporate Bulletins

BPI marks 175th year with #BestLifeRun 2026, drawing over 10,000 participants

The Bank of the Philippine Islands (BPI) on Sunday held its #BestLifeRun 2026 Corporate Race along Ayala Avenue, Makati City, gathering more than 10,000 runners from over 200 companies and 50 running clubs.

PNB exec named among top ASEAN investment selectors for 2026

Philippine National Bank (PNB) has announced that Mark Gieron De Mesa, head of wealth solutions, has been included in Citywire Asia’s Top 25 ASEAN Selectors 2026 list. He is one of eight Filipino professionals recognized this year for excellence in fund selection and portfolio management across the region.

SM Hotels assigns Siega to Cebu’s MICE giant

Janytte Siega is stepping into one of the most significant roles in the Philippine meetings and events industry as SM Hotels and Conventions Corp. (SMHCC) taps the seasoned hospitality executive to lead SMX Convention Center Seaside Cebu ahead of its scheduled opening in November 2026.

Globe expands broadband access with new service hub in Angono

Globe has launched a new onsite distribution operations (OSDO) hub in Barangay Mahabang Parang, Angono, Rizal, bringing its broadband services, prepaid products, and direct customer support closer to residents and nearby communities.

Social Responsibility & Sustainability

Foundation draws work-ready scholars from Bacolod university

In Bacolod City, Negros Occidental, Tubig Pilipinas Foundation Inc. (TPFI) has officially partnered with National University (NU) Bacolod through Project KINABUKASAN, an initiative created to help qualified students from host communities earn college degrees and build careers within their home region. Under this agreement, two scholars from Barangays Abo-Abo and Caliban in Murcia, Negros Occidental will receive full tuition coverage, education allowances, and academic support for courses linked to community and national development, such as Civil Engineering, Architecture, Accountancy, and Computer Science.

Biñan school get safe water upgrade from Manila Water

Laguna Water, a subsidiary of Manila Water Non-East Zone, has given refrigerated drinking fountains to six public schools in Biñan, Laguna, in time for the 2026–2027 school year opening and this year’s Brigada Eskwela.

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.

Markets

SEC centralizes SBL admin functions with PSE to speed up processing, cut costs

The Securities and Exchange Commission (SEC) has streamlined the country’s securities borrowing and lending framework by assigning all administrative functions to the Philippine Stock Exchange (PSE), aiming to create a more efficient and integrated short selling market.

Rookie PH opens new stores, unveils school deals

Rookie PH is accelerating its expansion in Metro Manila, opening two new stores and rolling out back-to-school promotions as it seeks to bring global kids’ fashion brands closer to Filipino families ahead of the new school year.

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.

Travel

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Energy

Gasoline prices drop, diesel rise up to P3.50 per liter this week

Consumers can expect mixed fuel price adjustments this week, with gasoline set to become cheaper while diesel rates will climb, according to a local fuel retailer. Based on global trading averages from the past week, gasoline prices are projected to fall by P1.50 to P2 per liter, while diesel costs are seen rising by P3 to P3.50 per liter.

Wind projects power P340B Green Lane surge

The Philippines’ renewable energy drive gathered fresh momentum in the first four months of 2026, with wind power projects dominating investments approved under the government’s Green Lane initiative.

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.

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

Globe delivers broadband services to Visayas families via barangay centers

Globe AT HOME is rolling out community-based broadband centers across the Visayas region to make reliable home internet more accessible and easier to avail for local households. These new facilities are set up directly within barangays, solving a common challenge for families who previously had to travel far to get information, apply for services, or receive assistance with their internet connection needs.

IP Code overhaul targets digital age gaps

The Philippines' intellectual property rulebook was written when dial-up internet was still a novelty. Nearly three decades later, regulators say the law is showing its age.

GCash ditch SMS codes in major anti-fraud push

GCash will complete its transition from SMS-based one-time passwords (OTPs) to in-app authentication by June 22, marking a major cybersecurity upgrade aimed at protecting millions of users from phishing attacks and online fraud.

PLDT acquiring ownership of Radius Telecoms in fiber network deal

PLDT Inc. has entered into a share purchase agreement with Paragon Vertical Corp. to buy its 65.1 percent stake in Radius Telecoms Inc. This covers over 4.6 million common shares plus related beneficial holdings. Once the transaction closes, following required approvals from the Philippine Competition Commission and the National Telecommunications Commission, PLDT will hold 100 percent of Radius. The company said the move will not negatively impact its existing business, finances, or operations.

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.