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Security Bank profit rises amid higher provisions

Corporate Context.ph Context.ph -
Security Bank Corp. posted stronger first-quarter earnings as higher revenues and tighter cost controls boosted core profitability, even as the lender increased provisions to cushion against evolving market risks.

PLDT profit up in Q1 as data fuels growth

Corporate Context.ph Context.ph -
PLDT Inc. posted a modest earnings increase in the first quarter of 2026 and signaled disciplined spending for the year, as strong demand for data, broadband, and enterprise digital services offset lingering weakness in legacy businesses.

Goldilocks shifts Cebu plant to solar power

Energy & Mining Context.ph Context.ph -
Goldilocks Bakeshop has partnered with First Gen to operate a new solar power facility for its production plant in Lapu-Lapu City, Cebu, marking a major step in the bakery chain’s sustainability efforts.

Gov’t sets ₱50/kg cap on imported rice amid rising inflation

Agriculture Context.ph Context.ph -
The government is ready to immediately enforce a ₱50-per-kilo price cap on imported rice to help ease the burden of rising food prices on Filipino consumers, the Department of Agriculture (DA) said.

Converge hits ₱11.2B revenue, surpasses 3M subscribers in 1Q 2026

Corporate Context.ph Context.ph -
Converge ICT Solutions Inc. posted ₱11.2 billion in revenue in the first quarter of 2026 as its subscriber base grew past three million, driven largely by strong demand for prepaid fiber internet.
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Central bank projects continued dollar shortfall through 2027 amid global headwinds

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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.

NOW Telecom seeks review of P4-B NTC fee assessment, cites calculation discrepancies

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NOW Telecom Co. Inc. is contesting a P4.043-billion assessment on supervision and regulation fees from the National Telecommunications Commission, filing a formal request to review and reconcile charges dating back to 2005.

Meralco raises October electricity rates by ₱0.32 per kWh after consecutive price cuts 

Energy & Mining 0
Following back-to-back price cuts in previous months, the Manila Electric Company (Meralco) on Monday announced an electricity rate increase of ₱0.3191 per kilowatt-hour (kWh) for October. The adjustment pushes the overall rate for a typical household to ₱15.0615 per kWh, up from ₱14.7424 per kWh in September.
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