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Jollibee declares P1.29 billion cash dividend for shareholders on record May 9

Corporate Context.ph Context.ph -
Jollibee Foods Corp., the country’s largest fast food chain, said Tuesday it declared a cash dividend worth a total P1.29 billion.

AMBS, ABS-CBN partner to bring iconic Kapamilya shows and TV Patrol on AllTV 

Sports & Entertainment Context.ph Context.ph -
Advanced Media Broadcasting System (AMBS) and ABS-CBN Corporation today announced their partnership that will officially bring iconic Filipino entertainment programs and relevant news to more audiences via free-to-air channel ALLTV.

Construction business drives Megawide earnings back in the black

Corporate Context.ph Context.ph -
Megawide Construction Corp. said Tuesday that robust growth in its construction business helped it book a P269 million net profit last year, a sharp reversal from the P1.87 billion loss it recorded in 2022.

Suntrust board approves $38 million loan from LET Group

Corporate Context.ph Context.ph -
Suntrust Resort Holdings Inc., co-developer of the Westside City Resorts World project at the Entertainment City, has obtained a 10-year USD38 million loan from China's LET Group Holdings Ltd.

Agricultural stakeholders weigh in on AO 20

Agriculture Context.ph Context.ph -
Agricultural stakeholders on Monday expressed divergent views on Administrative Order 20 streamlining the policies and procedures on the importation of agricultural products and removal of non-tariff barriers to address the rising price of agricultural commodities.
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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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