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PetroEnergy tightens grip on Petrowind

Corporate Context.ph Context.ph -
PetroEnergy Resources Corp. (PERC) is moving to consolidate its stake in renewable energy after signing a Share Purchase Agreement to acquire BCPG Wind Cooperatief U.A.’s entire 40 percent equity interest in PetroWind Energy Inc. (PWEI).

OPMC eyes bigger, longer Linapacan play

Corporate Context.ph Context.ph -
Oriental Petroleum and Minerals Corp. is gearing up for the next chapter of the West Linapacan project as its joint venture moves to secure a new petroleum service contract ahead of the current concession’s expiration.

PCC clears Metro Pacific takeover of coconut firm

Corporate Context.ph Context.ph -
The Philippine Competition Commission (PCC) has cleared Metro Pacific Agro Ventures Inc.’s takeover of Franklin Baker Company of the Philippines, paving the way for a major consolidation in the country’s coconut industry.

US inflation surprise spurs Wall Street rally

Markets Context.ph Context.ph -
U.S. stocks jumped Thursday after a long-delayed inflation report delivered a clear upside surprise, snapping Wall Street out of a four-session slide and reigniting hopes for interest-rate cuts.

Budget boost paves way for more farm-to-market roads in 2026 

Agriculture Context.ph Context.ph -
Agriculture Secretary Francisco P. Tiu Laurel Jr. welcomed Congress’ decision to more than double funding for farm-to-market roads (FMRs), calling it a “game-changing investment” for farmers, food supply chains, and rural economies as lawmakers finalize the 2026 national budget.
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Strong El Niño effects seen worsening in 2027; gov’t steps up preparations

Economy 0
The Philippines is already experiencing a strong El Niño, but its impact could worsen in early 2027 as rainfall declines across more provinces, prompting the government to accelerate preparations for possible drought, water shortages and agricultural losses.

AMLC report cited in ill-gotten wealth charge in VP impeachment trial

Context Dispatch 0
A tabulation presented by the Anti-Money Laundering Council (AMLC) to the Senate, sitting as an impeachment court, showed covered and suspicious transactions involving Vice President Sara Duterte’s accounts from 2007 to 2025. The records reflected total inflows of P1.41 billion, outflows of P1.06 billion, and P1.26 billion in transactions with undetermined inflow or outflow. The report also showed inflows from China and other countries amounting to hundreds of millions of pesos involving Cale88 Foods Corp., owned by Duterte’s husband, Atty. Manases Carpio, with whom she has an absolute community of property. The AMLC report forms part of the prosecution’s evidence on alleged ill-gotten wealth, as prosecutors contend their salaries and business income are insufficient to explain their accumulated wealth.

Split fuel price adjustments hit pumps; diesel down, gasoline and kerosene up

Energy & Mining 0
The various fuel retailers are implementing mixed price adjustments at the pump this week, ending a brief period of across-the-board rollbacks.

Group pushes urgent backing for rooftop project across ASEAN

Energy & Mining 0
The Asian Photovoltaic Industry Association calls for stronger regional support for rooftop solar and energy storage as core to building more resilient, flexible power systems.
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