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Updated national radiological plan boosts PH nuclear emergency readiness

The Department of Energy has completed revisions to the National Radiological Emergency Preparedness and Response Plan, strengthening the country’s ability to respond to nuclear and radiological incidents.

Prosecutors in VP Duterte trial withdraw 5 more witnesses

Batangas Rep. Gerville Reyes-Luistro, the ead prosecutor in the impeachment trial of Vice President Sara Duterte, told the Senate that it will not longer call 5 witnesses, including two journalists, in the articles covering grave threats and sedition. She said the withdrawal of witnesses was necessary since they will testify to facts already established during the testimony of previous witnesses. The Senate, acting as impeachment court, granted the prosecution's motion and welcomed it as a step toward the speedy disposition of the vice president’s trial. Presiding officer, Senator Francis Escudero, however, ordered that future withdrawals of witnesses shouldn’t be explained since the defense can’t confront the witnesses, or the manifestations of the prosecution that lead to conclusions of law.

San Miguel launches P30 billion preferred share offer

Conglomerate San Miguel Corporation has launched a P30 billion preferred share offering, with funds set to go toward debt refinancing and key infrastructure projects including the proposed New Manila International Airport in Bulacan. The Securities and Exchange Commission gave approval for the offer the previous Tuesday. The shares will be open for subscription until July 23, with listing on the Philippine Stock Exchange scheduled for August 3.

Converge adds P5 billion to expanded share buyback plan

Converge Information and Communications Technology Solutions Inc., a major fiber internet provider, announced on Wednesday it has expanded its share buyback program with an additional P5 billion to boost shareholder value. The move was approved by the company’s board of directors. Chief financial officer Robert Leo Yu confirmed the extra funds will not disrupt daily operations or planned spending, including ongoing network expansion across the Visayas and Mindanao. He noted the decision reflects strong confidence in the firm’s worth and its ability to reward investors while maintaining heavy investments in national fiber infrastructure, supported by a solid financial position. Actual purchases will depend on market conditions and follow securities rules. Converge shares closed at P9.25 each on Wednesday.

Higher ancillary service costs lift July transmission rates – NGCP

Electricity consumers will see a small rise in transmission charges on their July 2026 bills, driven mainly by higher ancillary service fees, the National Grid Corporation of the Philippines (NGCP) announced on Wednesday.

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Alsons Power bullish on PH retail energy sector amid rule changes

Alsons Power Group sees strong growth ahead for its retail electricity supply business, following recent regulatory changes that open the market to more users.

ERC suspends grid delivery fee for energy storage during emergencies

The Energy Regulatory Commission has approved the temporary waiver of delivery service charges for energy storage systems during declared national energy emergencies.

First Gen confirms $5B non-binding offer for EDC from Indonesian firm

First Gen Corp. has disclosed to the Philippine Stock Exchange that Indonesian company PT Barito Renewables Energy submitted an unsolicited, non-binding offer to acquire its geothermal subsidiary Energy Development Corp. for around $5 billion.

SEC overhauls rules for local credit rating agencies

The Securities and Exchange Commission has proposed updated regulations for credit rating firms to boost transparency, credibility, and investor confidence in the Philippine corporate bond market.
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