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PLDT plans REIT route for data center should direct sale approach peter out

Top News Context.ph Context.ph -
PLDT Inc. is at a crossroad on the subject of its data center business but firm on arriving at a decision by June this year on whether the business is sold off or alternatively retained as a public or listed real estate investment trust (REIT) entity.

Experts urge farmers to test heat-tolerant rice varieties

Agriculture Context.ph Context.ph -
To prepare for projected temperature increases, the Department of Agriculture-Philippine Rice Research Institute (PhilRice) is urging farmers to test the adaptability of rice varieties that can withstand high temperatures in their locality.

IMI widens net loss in 1Q to $3.67 million on weaker revenue, higher interest expenses

Corporate Context.ph Context.ph -
Integrated Micro-Electronics Inc. reported Friday a wider net loss of USD3.67 million in the first quarter, dragged down by weaker revenue, higher interest expenses and bank charges, and wider foreign exchange losses.

Filinvest REiT declares entire 1Q net profit as cash dividend

Corporate Context.ph Context.ph -
Filinvest REIT Corp., the listed real estate investment trust of Filinvest Land Inc., said Friday its board approved the declaration of P304 million of distributable income as cash dividend for shareholders on record 24 May.

MPTC renews bid to purchase government interest at SCTEX

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The Bases Conversion and Development Authority (BCCDA) on Friday said it is open to the idea of selling its stake at the Subic Clark-Tarlac Expressway (SCTEX) to Metro Pacific Tollways Corp. (MPTC) but only if the price is right. 
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DA expands Isabela LGU tie-up to boost ube production, raise farmer incomes

Agriculture 0
The Department of Agriculture is strengthening its partnership with local government units and private stakeholders to scale up ube production, meet rising global demand, and create more export opportunities for Isabela farmers.

GSIS opens new Dagupan branch

Corporate Bulletins 0
The Government Service Insurance System or GSIS has opened its new Dagupan branch, replacing the old facility that had served the province since 1961. The new office at Cityscape Lifestyle Center is flood-free, more spacious, and modern, serving over 73,000 members and pensioners across Pangasinan.

September WESM prices rise 3.1% nationwide, set to reflect in October bills

Energy & Mining 0
Electricity prices at the Wholesale Electricity Spot Market climbed 3.1 percent in September, according to the Independent Electricity Market Operator of the Philippines. The Independent Electricity Market Operators of the Philippines or IEMOP reported Tuesday that the national average hit P7.43 per kilowatt-hour as of September 25, up from August’s P7.21 per kWh. It said the rates will be used to calculate spot-market electricity costs billed this October.

Rockwell joins expanded 4PH to widen homeownership access

Property 0
Rockwell Land Corp. has joined the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, agreeing to offer preferential housing prices and incentives to qualified Pag-IBIG Fund members as the administration seeks to widen access to homeownership among working- and middle-class Filipinos.
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