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PCAFI urges Congress to reform agri import tariffs, MAV system

Agriculture Context.ph Context.ph -
The Philippine Chamber of Agriculture and Food, Inc. (PCAFI) is calling on Congress to prioritize amendments to key provisions on agricultural imports, specifically advocating for reforms in tariff utilization and the Minimum Access Volume (MAV) system—moves seen to significantly impact domestic agricultural productivity and competitiveness.

DA rolls out Gulayan sa Bayan for food security

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) has formally released policy guidelines for the proposed Gulayan sa Bayan (GSB) program, which aims to improve food security and address malnutrition through the establishment of community-based vegetable nurseries nationwide.

Fuel prices set for second week of rollbacks

Energy & Mining Context.ph Context.ph -
Fuel prices are expected to drop again on Tuesday, July 9, providing relief for both businesses and households. According to Jetti Petroleum Inc., gasoline prices may fall by P0.70 to P0.90 per liter while diesel could see a reduction of P0.10 to P0.30 per liter.

PSEi forecasts trimmed amid weak FDI, tepid growth outlook

Top News Context.ph Context.ph -
The Philippine stock market faces a more subdued outlook for 2025 as leading brokerages sharply lower their year-end forecasts for the Philippine Stock Exchange index (PSEi), citing disappointing foreign direct investment (FDI) inflows and muted corporate earnings growth.

DITO allots ₱15B for 5G broadband reach expansion

Transport & Logistics Context.ph Context.ph -
DITO Telecommunity Corp. is earmarking ₱15 billion in capital expenditure this year to accelerate the nationwide rollout of its 5G infrastructure and strengthen its mobile broadband services across the Philippines.
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China’s pig import restrictions have no impact on trade – DA

Agriculture 0
The Department of Agriculture (DA) and Bureau of Animal Industry (BAI) said that China’s restrictions on imports of Philippine pigs, wild boar, and related products do not affect the country’s current trade performance, as the Philippines does not export these items to China at present.

Visayas grid under yellow alert; think tank urges decentralized power setup

Energy & Mining 0
The Visayas grid remained under yellow alert from 4 to 8 p.m. today, marking the eighth day this month the alert has been raised, with red alerts also triggered earlier in May. The National Grid Corporation of the Philippines reported low power reserves: available capacity stood at 2,692 MW against a peak demand of 2,503 MW. The strain stems from multiple long-term plant shutdowns—some inactive since as early as 2021—and 15 plants running below full capacity. Major facilities out of service include two units of Therma Visayas Inc. and a plant owned by Meralco Power Gen Corp., together making up over half of the unavailable supply.

SEC revokes broker’s license over fraudulent practices

Corporate 0
The Securities and Exchange Commission (SEC) has canceled the registration of Mount Peak Securities Inc. as a broker-dealer due to serious violations of securities laws, including fake financial reports, use of dummy accounts, and forged client documents. This development helps protect investors and upholds integrity in the local capital market.

ACEN JV, Ocean Sun sign MOU for floating solar project in Asia

Energy & Mining 0
ACEN-Silverwolf Pte Ltd, a joint venture of ACEN Renewables International and Silverwolf Capital, has signed a non-binding memorandum of understanding with Ocean Sun AS to explore rolling out floating solar technology across key Asian markets. Disclosed recently, the agreement sets the stage for a potential formal partnership focused on building large-scale solar installations on freshwater reservoirs and inland water bodies, pending necessary approvals and final contracts. This collaboration combines ACEN-Silverwolf’s strong regional renewable energy experience with Ocean Sun’s patented, specialized technology designed for efficiency and durability in freshwater settings. The deal is significant as it supports ACEN’s broader goal of reaching 20,000 MW of renewable capacity by 2030 and achieving net-zero emissions by 2050, while advancing cost-effective clean energy solutions across the region.
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