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Megaworld to invest P500 million from sale of MREIT shares in 3 townships 

Corporate Context.ph Context.ph -
Megaworld Corp., the property development arm of tycoon Andrew Tan, said Tuesday it plans to invest the P500 million it raised from the sale of MREIT shares in its township projects in Bacolod, Cebu and Pasig.

Smart IoT SIMs helping make Mindanao a safer place

Communications & Technology Context.ph Context.ph -
PLDT Enterprise and Smart Communications (Smart) have teamed up with People in Need (PIN), a global humanitarian organization, to help make Mindanao a safer place.

Treasury partially awards 20-year bond offer; allows average rate to rise above 7 percent

Banking & Insurance Context.ph Context.ph -
The Bureau of the Treasury allowed the average yield on bonds originally issued as a 20-year government debt paper to rise above 7 percent after rejecting most of the bids at Tuesday’s auction.

Globe expunges more than 36,000 rival network SIMS from its systems

Transport & Logistics Context.ph Context.ph -
Globe Telecom has blacklisted 36,549 SIMs from rival networks in the first quarter of 2024, 62 percent more than that excluded from its systems the previous year.

Electronics giant PMM renews deal for supply of renewable energy from First Gen

Energy & Mining Context.ph Context.ph -
Philippine Manufacturing Co. of Murata Inc. (PMM) renewed its agreement with clean energy provider First Gen Corp. for the supply of renewable electricity for its production facility. The supply deal is aligned with the commitment of the Japan-based electronics giant to shift electricity used in all its factories and offices around the world to 100 percent renewable energy by 2050.
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Mixed fuel price adjustments for second straight week: lower diesel, higher gasoline and kerosene 

Energy & Mining 0
For the second week in a row, Filipinos will see mixed changes in fuel prices starting Tuesday. The Department of Energy confirmed Monday that gasoline will go up by P1.56 per liter and kerosene by P1.77 per liter, while diesel will drop by a bigger P3.01 per liter. As of Tuesday morning, only Seaoil has officially announced these new rates, matching the adjustments noted by the DOE. Last week, gasoline rose P1.93 per liter, kerosene P3.30 per liter, and diesel dipped P1.30 per liter.

DICT chief Aguda vows smooth transition amid resignation, continuity of digital programs ensured

Communications & Technology 0
Department of Information and Communications Technology (DICT) Secretary Henry Aguda has committed to a seamless handover following his resignation, assuring the public that key digital programs and department operations will continue without disruption.

ERC approves Negros Power’s P3.73B investment plan to boost power services

Energy & Mining 0
The Energy Regulatory Commission (ERC) has given the green light to Negros Electric and Power Corp.’s (NEPC) P3.73 billion capital expenditure program from 2024 to 2026, paving the way for major upgrades across its service areas in Central Negros.

Philippines targets $57 million agri-investments at Rome forum

Agriculture 0
The Philippines is pitching for more than $57.4 million in new investments across five key farm and food sectors at this week’s Hand-in-Hand Initiative Investment Forum in Rome, according to the Food and Agriculture Organization (FAO). The push builds on the country’s first national investment forum held in March, and marks a major shift toward drawing in private and international financing instead of relying only on traditional aid.
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