DA reforms El Niño Task Force amid threat of prolonged dry spell
The Department of Agriculture (DA) has reactivated its El Niño task force to prepare for a likely moderate-to-strong dry spell hitting in the fourth quarter of 2026 and lasting into early 2027. DA Secretary Francisco Tiu Laurel Jr. emphasized urgent, coordinated steps to shield crops, farmer incomes, food supply, and prices from harm.
PH market for soups, ready meals seen growing; US exporters have big potential
The Philippine market for packaged soups and ready meals hit $176 million in retail sales in 2025, and is projected to rise to $237 million by 2030, according to the US Department of Agriculture in Manila, citing data from Euromonitor International.
Rooftop solar payback period shortens sharply – report
The payback time for rooftop solar systems in the Philippines has dropped significantly as electricity prices rise and panel costs fall, making the technology far more attractive to users, according to global energy think tank Ember.
Airfares to drop further in June as CAB cuts fuel surcharge
Airfares are set to decrease next month after the Civil Aeronautics Board (CAB) announced a reduction in fuel surcharges, following a drop in global jet fuel prices.
Ginebra sustains growth in Q1 2026, builds on strong 2025 results
Ginebra San Miguel Inc. (GSMI) posted continued growth in the first quarter of 2026 despite tough business conditions. Revenues rose 3% year-on-year to ₱16.7 billion, while operating income went up 15 percent to ₱2.8 billion. Gross profit increased 11 percent to ₱4.5 billion, and net income grew 9 percent to ₱2.3 billion, supported by better pricing, lower raw material costs, and improved production efficiency.
