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PhilMech hits 2024 mechanization targets, boosts rice farming efficiency

Agriculture Context.ph Context.ph -
The Philippine Center for Postharvest Development and Mechanization (PhilMech), under the Department of Agriculture (DA), met its rice mechanization targets in 2024, delivering thousands of machines and expanding its support program for farmers, cooperatives, and local government units (LGUs).

Metro Retail deepens support for local farmers

Corporate Context.ph Context.ph -
Metro Retail Stores Group, Inc. is reinforcing its commitment to local agriculture by expanding its partnership with Gulay Farmers, a non-profit organization that links smallholder farmers to formal retail markets. 

PAL names Richard Nuttall as new president

Corporate Context.ph Context.ph -
Philippine Airlines (PAL) said Wednesday it has appointed Richard Nuttall, a British national and seasoned executive in the aviation industry, as its new president effective 29 May, signaling the flag carrier’s intent to strengthen its leadership and sharpen its international growth strategy.

Tesla misses 1Q earnings estimates as sales slide

Corporate Context.ph Context.ph -
Tesla Inc. reported weaker-than-expected first-quarter earnings on Tuesday, highlighting a sharp decline in automotive revenue that underscored the mounting pressures facing the electric vehicle...

President Marcos leads launch of $350M VITRO data center

Communications & Technology Context.ph Context.ph -
President Ferdinand Marcos Jr. on Wednesday led the inauguration of VITRO Sta. Rosa, the Philippines’ largest and first hyperscale data center—an advanced facility poised to accelerate artificial intelligence (AI) adoption and drive economic activity and investment.
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SM Prime, Ticketmaster launch PH digital ticketing platform

Sports & Entertainment 0
SM Prime Holdings, Inc. has partnered with Ticketmaster to launch SM Ticketmaster, a new digital ticketing platform set to replace SM Tickets and expand online ticketing services across the Philippines amid rising demand for live entertainment.

 Senator Aquino wars new ad rules burden MSMEs

Markets 0
Senator Bam Aquino has once again criticized the Department of Trade and Industry (DTI), raising concerns that a proposed regulation requiring permits for advertisements and promotional campaigns could create an additional bureaucratic burden for micro, small, and medium enterprises (MSMEs) and online sellers.

Jollibee balances prices, quality amid inflation pressures 

Corporate 0
Despite rising global inflation and mounting geopolitical risks, Jollibee Foods Corp. is determined not to compromise on product quality or portion sizes, even as it navigates higher operating costs.

Philippine Competition Commission raises fines

Economy 0
The Philippine Competition Commission (PCC) has dramatically increased penalties for anti-competitive practices and non-compliance under its newly issued Memorandum Circular No. 26-002, signaling a more aggressive approach to market discipline.
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