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PhilWeb returns to profitability in first half 2026

Corporate Context.ph Context.ph -
PhilWeb Corp. announced Tuesday it has returned to profitability in the first half of the year, posting net income of P60.96 million — a turnaround from the P41.76 million loss recorded in the same period last year.

Converge backs DTI push to accelerate MSME digitalization 

Communications & Technology Context.ph Context.ph -
Converge ICT Solutions Inc. is strengthening its push to help micro, small, and medium enterprises (MSMEs) adopt digital technologies as it partners with the Department of Trade and Industry (DTI) to expand access to connectivity, digital tools, and artificial intelligence.

GMR eyes wider Philippine airport presence

Transport & Logistics Context.ph Context.ph -
Indian infrastructure giant GMR Group is looking to expand its Philippine footprint as it positions its newly opened Alluri Sitarama Raju International Airport in Andhra Pradesh as a gateway connecting India with Southeast Asia.

2027 budget targets recovery as economy slows

Economy Context.ph Context.ph -
The government is betting on an economic rebound in 2027, building its proposed P7.2-trillion national budget around faster growth, easing inflation, and a gradual recovery in investment after a bruising year.

DOTr opens bidding for P1.24-B airport projects in Tacloban, Busuanga

Transport & Logistics Context.ph Context.ph -
The Department of Transportation (DOTr) has launched competitive bidding for three airport development projects in Tacloban City, Leyte and Busuanga, Palawan, with a total approved budget exceeding P1.24 billion.
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Gov’t pushes to strip systems loss charges from power bills, balancing consumer relief and utility risks 

Energy & Mining 0
Energy policy craftsmen are actively working to fulfill President Ferdinand Marcos Jr.’s directive to eliminate system loss charges from monthly electricity bills, pursuing a sustained policy push aimed at lowering energy costs across the country. The initiative targets both technical losses inherent in power distribution and non-technical losses caused by electricity theft, alongside the value-added tax (VAT) currently applied to these unconsumed kilowatt-hours.

ACEN net income surges 411% to P3.9B in H1 2026

Corporate 0
ACEN Corp. posted a 411 percent jump in consolidated net income to P3.9 billion in the first half of 2026, from P763 million a year earlier, the Ayala Group energy firm said Tuesday.

Special safeguard duty imposed to protect local producers from import surges 

Agriculture 0
To shield domestic livestock producers from market disruption caused by foreign supply spikes, the Department of Agriculture has activated special safeguard duties on select imported meat products. Issued under Department Order No. 24, series of 2026, by Agriculture Secretary Francisco Tiu Laurel Jr., the directive establishes temporary protective tariffs after government monitoring confirmed that incoming import volumes crossed official safety thresholds.

Jollibee first-half net income drops 17% despite strong 2Q rebound

Corporate 0
Jollibee Foods Corp. reported a 17 percent decline in first-semester net income this year, falling to P4.92 billion from P5.91 billion in the same period last year, even as a solid second-quarter performance could not offset earlier pressures.
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