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Aboitiz Foods supports Philippine Army’s outreach for Tarlac community

Social Responsibility & Sustainability Context.ph Context.ph -
Aboitiz Foods, through its subsidiary Pilmico Animal Nutrition Corp., partnered with the Philippine Army’s 3rd Mechanized Infantry Battalion to support a community outreach initiative in Sitio Tangan-Tangan, San Jose, Tarlac. This remote mountain village faces significant challenges in accessing basic services such as food, healthcare, and education.

Former UnionDigital Bank CEO is new DICT chief

Context Dispatch Context.ph Context.ph -
President Ferdinand R. Marcos Jr. has appointed Henry Rhoel R. Aguda, former president and chief executive officer of UnionDigital Bank, as the new secretary of the Department of Information and Communications Technology (DICT). He replaces Ivan John Uy, who resigned earlier this month.Aguda previously served as the Digital Infrastructure Lead at the Private Sector Advisory Council (PSAC), a council created by President Marcos to assist his administration in fostering innovative synergies between the private and public sectors. Aguda's experience spans the banking, technology and telecommunications sectors. Before joining UnionDigital Bank, he served as the board chairman of both City Savings Bank and UBX Philippines. He is a graduate of the University of the Philippines, graduating with cum laude honors in both his Juris Doctor and Bachelor of Science in Mathematics degrees.

Shakey’s Pizza Ventures expands rapidly with P1B investment, focuses on Visayas, Mindanao

Corporate Context.ph Context.ph -
Shakey’s Pizza Ventures Inc. (SPAVI) is on track to significantly boost its footprint across the Philippines, announcing plans to open one store per day as part of its aggressive expansion strategy.

New cooling tech vs vegetable spoilage seen boosting agriculture in Cagayan Valley

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) has introduced the Zero Energy Cooling Chamber (ZEC-C) technology to address the persistent problem of vegetable spoilage, particularly in Cagayan Valley, a major vegetable-producing region.

PLDT Global expands Middle East operations

Transport & Logistics Context.ph Context.ph -
PLDT Global Corporation, the international arm of PLDT Inc., has significantly expanded its operations in the Middle East to enhance connectivity, financial services, and digital empowerment for overseas Filipino workers (OFWs) and businesses.
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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.

AIIB lends $300M to ICTSI for Philippine port projects

Banking & Insurance 0
The Asian Infrastructure Investment Bank (AIIB) has approved a USD300 million senior unsecured corporate loan to International Container Terminal Services Inc. (ICTSI), marking its first non-sovereign-backed deal in the Philippines and signaling rising investor confidence in the country’s logistics infrastructure.
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