Context.ph

3189 POSTS

Global Dominion posts record 2025 results, targets wider MSME support

Global Dominion Financing, Inc. (GDFI) rounded 2025 with record performance, reporting total assets of P18.6 billion, up 32 percent from 2024, and net income rising 10 percent to P882 million. Total revenue reached P5.12 billion, while net customer loans hit P16.24 billion and total equity more than tripled to P4.27 billion. The firm lent P11.82 billion to 28,985 borrowers nationwide, with business and personal loans seeing strong growth. Under new president and CEO Samuel Cariño, who took office in June 2026, GDFI will expand its digital tools including its award-winning MyLoans App and AI systems, alongside its 196 branches across the country, to better serve underserved Filipino entrepreneurs and small businesses.

LWUA releases ₱32 billion in loans to boost nationwide water security

The Local Water Utilities Administration (LWUA) has released a cumulative total of ₱31.741 billion in loans as of April 2026, marking a significant push to expand and improve clean water access across the Philippines.

SEC fines Fast Coin Lending P1 million for unfair practices

The Securities and Exchange Commission has fined Fast Coin Lending Corp. P1 million for illegal debt collection tactics and excessive interest charges.

DENR honors late marine biologist Dr. Kent Carpenter as key figure in Philippine marine conservation

The Department of Environment and Natural Resources (DENR) has extended its deepest condolences to the family, friends, colleagues, and the global marine science community following the passing of world-renowned marine biologist Dr. Kent E. Carpenter, whose groundbreaking work greatly advanced the protection of the Philippines’ diverse marine life.

Marcos Jr. signs EO 119 modernizing gov’t data rules and set data reaidency framework 

President Ferdinand R. Marcos Jr. has signed Executive Order No. 119, updating the country’s outdated government data system and putting in place a formal data residency framework to better protect official information while drawing more investments to the digital economy. The new policy replaces Memorandum Circular No. 78, a 1964 guideline designed for paper records, with a modern system built to suit current digital tools including cloud computing and artificial intelligence.

Just in

Locsin urges Padilla to reconsider Duterte support

Actress Angel Locsin has made a deeply personal appeal to Senator Robinhood Padilla to reconsider his support for the Duterte family, offering an early glimpse of how the impeachment proceedings against Vice President Sara Duterte are beginning to test relationships beyond politics. 

TransCo, IEMOP sign deal to manage RE incentive funds

State-run National Transmission Corp. (TransCo) and the Independent Electricity Market Operator of the Philippines (IEMOP) have signed an agreement formalizing how funds for renewable energy incentives are collected and handled.

ERC extends consumer protection measures until October

The Energy Regulatory Commission (ERC) has extended key consumer protection rules for the country’s electricity sector through to the end of October 2026, moving past the original end-of-month deadline.

NFA raises palay buying price, halts rice imports in Iloilo 

The Department of Agriculture has announced two key measures to support rice farmers: a higher minimum purchase price for palay and a temporary ban on rice import arrivals in Iloilo during the upcoming harvest period.
spot_img