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Monday, 09 June 2025, 2:40 pm

    Environment

    Aboitiz lender helps fortify LGUs against disaster

    Context.ph Context.ph -
    City Savings Bank (CitySavings), the thrift subsidiary of Aboitiz-led Union Bank of the Philippines (UnionBank), has linked up with Komunidad and Aboitiz Foundation in a partnership reinforcing disaster risk reduction programs for two local government units (LGUs). 

    US touts climate leadership as oil and gas output hits record

    Reuters Reuters -
    U.S. Vice President Kamala Harris sought to claim the mantle of global climate leadership for the United States on Saturday in a speech to the COP28 summit, listing a slew of initiatives to cut emissions and harness renewable energy in the world's largest oil and gas producer.

    Indonesia, ADB, owners agree to shutter first coal-fired power station early

    Reuters Reuters -
    Indonesia and the Asian Development Bank have agreed a provisional deal with the owners of the Cirebon-1 coal-fired power plant to shutter it almost seven years earlier than planned, the ADB's senior climate change energy specialist told Reuters.

    COP28 summit opens with hopes for early deal on climate damage fund

    Reuters Reuters -
    As global leaders gather in Dubai for the world's U.N. climate conference, delegates hope to clinch an early victory on a disaster fund on Thursday before the summit turns its focus to fossil fuels and other divisive topics.

    Plastic waste-producing large enterprises told to mind EPR Act

    Context.ph Context.ph -
    The Department of Environment and Natural Resources (DENR) reiterated its calls for large-scale entrepreneurs and companies to comply with the Extended Producer Responsibility (EPR) Act.
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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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    Agriculture

    ‘Doble Kayod’: Agri chief pushes for accelerated reforms

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    Agriculture Secretary Francisco Tiu Laurel Jr. on Monday rallied officials and staff of the Department of Agriculture to intensify their efforts and deliver swift, tangible results, following an effective endorsement from President Ferdinand Marcos Jr. of the programs and direction of the agency.
    Corporate Bulletins

    New alliance brings automated accounting to Security Bank clients

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    Security Bank has entered a strategic partnership with Juan Accounting Software, the country's only fully localized accounting and tax compliance platform, to provide enhanced financial tools to micro, small, and medium enterprises (MSMEs). The collaboration is designed to accelerate financial digitization among small businesses and boost operational efficiency.
    Top News

    PH faces trade headwinds as Japan’s economy contracts

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    Japan, the Philippines' third-largest trading partner, saw its economy contract by 0.2 percent year-on-year in the first quarter of 2025, according to revised government data released recently. While the updated figure marks an improvement from the earlier 0.7 percent decline estimate, it highlights a reversal from the 2.2 percent growth logged in 4Q 2024 and marks the first annual contraction in a year.
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