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Saturday, 14 June 2025, 12:27 pm

    Corporate

    Empire East bets on transit hubs in P25-B residential push

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    Empire East Land Holdings Inc., a subsidiary of Megaworld Corp., announced on Tuesday a P25-billion capital expenditure plan over the next five years, targeting the development of residential communities anchored on master-planned, transit-oriented locations.

    Converge director Francis Lim resigns to lead SEC

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    Converge ICT Solutions Inc. (PSE: CNVRG) has officially accepted the resignation of Atty. Francis Ed. Lim from its board of directors, effective 9 June 2025, following his appointment as chairman of the Securities and Exchange Commission (SEC) by President Ferdinand R. Marcos Jr.

    Mitsubishi deepens PH roots with P18-B investment pledge

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    Mitsubishi Motors Philippines Corp. (MMPC) has reiterated its commitment to the Philippine automotive sector and overall economic development during a meeting with the Board of Investments (BOI), led by executive director Corazon Halili-Dichosa.

    BPI lists P40B SINAG bonds on PDEx

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    The Bank of the Philippine Islands, the country’s third largest lender by assets, has listed its P40 billion Supporting Inclusion, Nature, and Growth (SINAG)...

    New SEC chair steps down from listed firms’ boards

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    Lawyer Francis Ed. Lim has stepped down from the boards of several publicly listed companies following his appointment as chairman of the Securities and Exchange Commission (SEC), the primary regulatory body overseeing the corporate sector and capital markets.
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    BOP swings into $3B deficit in Q1 amid trade woes

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    The Philippines posted a balance of payments (BOP) deficit of US$3 billion in the first three months this year, a reversal from the US$238 million surplus posted during the same period in 2024, according to data released by the Bangko Sentral ng Pilipinas (BSP). The deterioration underscores mounting external pressures on the economy, with significant implications for macroeconomic stability and international investor sentiment.
    Agriculture

    Cold storage for rice seeds now in key provinces

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    The Department of Agriculture (DA) has expressed its gratitude to the South Korean government for its sustained support—channeled through Official Development Assistance (ODA) Korea—toward the Philippines’ efforts to modernize its rice sector, a key pillar of President Ferdinand Marcos Jr. 's broader food security agenda.
    Markets

    Stocks slide as Israel-Iran conflict reignites

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    Wall Street wrapped up the week on a sour note as renewed tensions between Israel and Iran rattled global markets on Friday. 
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