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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.

Xurpas cancels P10-M share subscription deal

Corporate Context.ph Context.ph -
Xurpas Inc. has cancelled a planned issuance of 100 million shares to PPARR Management & Holding Corp., scrapping a capital infusion deal that was originally intended to raise P10 million for general working capital needs.

BMW deploys 125-vehicle for ASEAN 2026 Summit

Corporate Bulletins Context.ph Context.ph -
BMW Philippines completed its role as the official premium mobility partner for the ASEAN 2026 Summit by deploying a 125-vehicle fleet to transport heads of state, diplomats and senior officials during the regional event hosted by the Philippines.

SPAVI profit drops as expansion push continues

Corporate Context.ph Context.ph -
Shakey’s Pizza Asia Ventures Inc. reported slower earnings growth in the first quarter of 2026 as the restaurant group continued expanding despite weak consumer spending and rising operating pressures.
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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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