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Anticipated operating expense hikes push PAL 1Q income 25% lower to $81 million

Transport & Logistics Context.ph Context.ph -
Philippine Airlines (PAL) on Thursday reported comprehensive income dropping 25 percent to USD81 million in the first three months this year from USD108.2 million in the same period in 2023.

MPTC seen rounding Jasamanga transaction in three months

Transport & Logistics Context.ph Context.ph -
Metro Pacific Tollways Corp. (MPTC) anticipates completing its acquisition of a 35 percent stake in an Indonesian state-owned toll road operator by July or August this year.

Palay output lower than initially estimated—PSA data

Agriculture Context.ph Context.ph -
Palay production in the first quarter was down 1.97 percent to 4.69 million metric tons, the latest estimate of the Philippine Statistics Authority showed.

PLDT completes subscription to 34.9% of Radius Telecom

Corporate Context.ph Context.ph -
PLDT Inc., the largest integrated telecommunications group in the country, said Thursday it has completed its investment in Radius Telecoms Inc., an indirect subsidiary of energy distributor Manila Electric Co.

Higher interest income, lower expenses drive PNB profit in 1Q

Banking & Insurance Context.ph Context.ph -
Philippine National Bank, the country’s seventh largest bank by assets, reported Thursday a 10 percent increase in its first-quarter net income to P5.31 billion on account of higher interest income and fee-based revenue, and lower expenses and provisions for impairment, credit and other losses.
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Semirara Mining claims DOE bidding rules block participation, threaten coal supply and public revenues 

Energy & Mining 0
Semirara Mining and Power Corporation (SMPC) has criticized the Department of Energy (DOE) over auction rules governing the Semirara coal mine, claiming that procedural flaws and onerous conditions effectively prevent the long-time operator from participating in the bidding process.

PCCI presses for actionable reforms on energy, food security

Economy 0
The Philippine Chamber of Commerce and Industry (PCCI) is calling for concrete policy responses to the country’s energy and food security challenges, warning that mounting business costs, global economic volatility, and trade disruptions are putting pressure on local enterprises’ competitiveness.

Central bank projects continued dollar shortfall through 2027 amid global headwinds

Top News 0
The Bangko Sentral ng Pilipinas expects the country to spend significantly more dollars than it receives over the next two years, projecting a balance of payments deficit of $9.2 billion in 2026 and $8.5 billion in 2027.

DENR deploys tech network to monitor El Niño

Environment 0
The Department of Environment and Natural Resources (DENR) has rolled out a monitoring network to keep a close watch on El Niño’s effects across the country, helping communities prepare early instead of reacting after damage is done. Using automated weather stations, satellite mapping, and digital risk modeling, the system delivers real-time data that turns complex climate information into clear, usable warnings for local governments, communities, and families.
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