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Net metering entities rise sharply over nine years – ERC

Energy & Mining Context.ph Context.ph -
The number of businesses and households embracing the net metering program has improved tremendously to 13,189 qualified end-users as at end-May this year from only 200 in 2015, the Energy Regulatory Commission (ERC) said on Monday. 

T-bill rates average higher at auction on BSP inflation outlook

Banking & Insurance Context.ph Context.ph -
Treasury bill yields were higher at the auction Monday, lifted by the Bangko Sentral ng Pilipinas’ inflation projection for June that suggests monetary authorities could keep interest rates higher for longer.

Globe completes latest round of telco towers sale to Frontier Towers

Transport & Logistics Context.ph Context.ph -
Globe Telecom on Monday bared the transfer of 187 cell towers to Frontier Towers worth P2.38 billion.

3G pioneer Nokia helping PLDT Enterprise boost its 5G network services

Transport & Logistics Context.ph Context.ph -
Nokia, the Espoo, Finland-headquartered communications and information technology firm who pioneered the 3G broadcast standard, on Monday committed in joint venture with PLDT Enterprise to provide 5G private wireless network solutions to businesses in the Philippines.   

Jollibee aims to triple net income in 5 years primarily through overseas expansion

Corporate Context.ph Context.ph -
Ernesto Tanmantiong, president and chief executive officer of Jollibee Foods Corp., aims to triple the net income of the Philippines’ largest restaurant group within the next five years. 
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PhilExport urges MSMEs to turn trade deals into export wins

Trade & Investments 0
The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.

DA asks Senate to back P198.4-B 2027 budget to protect farmers, secure food

Agriculture 0
The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.

DOE stands firm on new coal bidding rules to bolster national energy strategy 

Energy & Mining 0
The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.

Vingroup plans $500M EV plant in Philippines, EVIS role unclear

Mobility 0
The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.
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