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CDO water district agrees to come back to negotiating table

Corporate Context.ph Context.ph -
The Cagayan de Oro Bulk Water Inc. (COBI) on Thursday welcomed the Cagayan de Oro Water District (COWD) intent to return to the negotiating table and craft a mutually agreeable settlement to their diverging claims.

Thirty percent of security breaches online are ransomware events – Kaspersky

Communications & Technology Context.ph Context.ph -
Ahead of International Anti-Ransomware Day on Friday, May 12, software security experts at Kaspersky reveal a concerning trend in which ransomware attacks account for every third cyber incident in 2023. 

Ayala Land 1Q net income rises 39%

Corporate Context.ph Context.ph -
Property developer Ayala Land Inc. on Wednesday reported net income of P6.29 billion in the first three months this year, 39 percent more than previous year’s P4.51 billion, mainly the result of consumer activity and high demand on its properties. 

SM Group reports 6% rise in 1Q net income to P18.4 billion

Corporate Context.ph Context.ph -
SM Investments Corp., the holding firm of the Sy family, reported net income growing 6 percent to P18.4 billion in the first three months this year from only P17.3 billion last year, as group retail income fell on moderated spending by consumers. 

Alternergy board green lights P4-billion loan bid from undisclosed lenders

Energy & Mining Context.ph Context.ph -
The board of directors at Alternergy Holdings Corp. has approved its bid to secure up to P4 billion worth of loans from lenders to support the construction of the company’s new renewable power projects this year.
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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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