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Prosecutors in VP Duterte trial withdraw 5 more witnesses
Batangas Rep. Gerville Reyes-Luistro, the ead prosecutor in the impeachment trial of Vice President Sara Duterte, told the Senate that it will not longer call 5 witnesses, including two journalists, in the articles covering grave threats and sedition. She said the withdrawal of witnesses was necessary since they will testify to facts already established during the testimony of previous witnesses. The Senate, acting as impeachment court, granted the prosecution's motion and welcomed it as a step toward the speedy disposition of the vice president’s trial. Presiding officer, Senator Francis Escudero, however, ordered that future withdrawals of witnesses shouldn’t be explained since the defense can’t confront the witnesses, or the manifestations of the prosecution that lead to conclusions of law.
San Miguel launches P30 billion preferred share offer
Conglomerate San Miguel Corporation has launched a P30 billion preferred share offering, with funds set to go toward debt refinancing and key infrastructure projects including the proposed New Manila International Airport in Bulacan. The Securities and Exchange Commission gave approval for the offer the previous Tuesday. The shares will be open for subscription until July 23, with listing on the Philippine Stock Exchange scheduled for August 3.
Converge adds P5 billion to expanded share buyback plan
Converge Information and Communications Technology Solutions Inc., a major fiber internet provider, announced on Wednesday it has expanded its share buyback program with an additional P5 billion to boost shareholder value. The move was approved by the company’s board of directors. Chief financial officer Robert Leo Yu confirmed the extra funds will not disrupt daily operations or planned spending, including ongoing network expansion across the Visayas and Mindanao. He noted the decision reflects strong confidence in the firm’s worth and its ability to reward investors while maintaining heavy investments in national fiber infrastructure, supported by a solid financial position. Actual purchases will depend on market conditions and follow securities rules. Converge shares closed at P9.25 each on Wednesday.
Higher ancillary service costs lift July transmission rates – NGCP
Electricity consumers will see a small rise in transmission charges on their July 2026 bills, driven mainly by higher ancillary service fees, the National Grid Corporation of the Philippines (NGCP) announced on Wednesday.
PH aims for strategic nickel partnership with Indonesia amid supply shifts
The Philippine Nickel Industry Association (PNIA) urged the government to accelerate mining permit efficiencies as Indonesia’s upcoming 2026 quota decisions highlight the global need for a more diversified critical minerals supply chain.
Palay outlook brightens as corn forecast softens
The Philippines is on track for a stronger second-quarter rice harvest but faces a slight decline in corn production, reflecting the diverging fortunes of the country's two staple crops as farmers contend with shifting weather conditions and varying field productivity.
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Prosecutors in VP Duterte trial withdraw 5 more witnesses
Batangas Rep. Gerville Reyes-Luistro, the ead prosecutor in the impeachment trial of Vice President Sara Duterte, told the Senate that it will not longer call 5 witnesses, including two journalists, in the articles covering grave threats and sedition. She said the withdrawal of witnesses was necessary since they will testify to facts already established during the testimony of previous witnesses. The Senate, acting as impeachment court, granted the prosecution's motion and welcomed it as a step toward the speedy disposition of the vice president’s trial. Presiding officer, Senator Francis Escudero, however, ordered that future withdrawals of witnesses shouldn’t be explained since the defense can’t confront the witnesses, or the manifestations of the prosecution that lead to conclusions of law.
San Miguel launches P30 billion preferred share offer
Conglomerate San Miguel Corporation has launched a P30 billion preferred share offering, with funds set to go toward debt refinancing and key infrastructure projects including the proposed New Manila International Airport in Bulacan. The Securities and Exchange Commission gave approval for the offer the previous Tuesday. The shares will be open for subscription until July 23, with listing on the Philippine Stock Exchange scheduled for August 3.
Converge adds P5 billion to expanded share buyback plan
Converge Information and Communications Technology Solutions Inc., a major fiber internet provider, announced on Wednesday it has expanded its share buyback program with an additional P5 billion to boost shareholder value. The move was approved by the company’s board of directors. Chief financial officer Robert Leo Yu confirmed the extra funds will not disrupt daily operations or planned spending, including ongoing network expansion across the Visayas and Mindanao. He noted the decision reflects strong confidence in the firm’s worth and its ability to reward investors while maintaining heavy investments in national fiber infrastructure, supported by a solid financial position. Actual purchases will depend on market conditions and follow securities rules. Converge shares closed at P9.25 each on Wednesday.
Higher ancillary service costs lift July transmission rates – NGCP
Electricity consumers will see a small rise in transmission charges on their July 2026 bills, driven mainly by higher ancillary service fees, the National Grid Corporation of the Philippines (NGCP) announced on Wednesday.
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Prosecutors in VP Duterte trial withdraw 5 more witnesses
Batangas Rep. Gerville Reyes-Luistro, the ead prosecutor in the impeachment trial of Vice President Sara Duterte, told the Senate that it will not longer call 5 witnesses, including two journalists, in the articles covering grave threats and sedition. She said the withdrawal of witnesses was necessary since they will testify to facts already established during the testimony of previous witnesses. The Senate, acting as impeachment court, granted the prosecution's motion and welcomed it as a step toward the speedy disposition of the vice president’s trial. Presiding officer, Senator Francis Escudero, however, ordered that future withdrawals of witnesses shouldn’t be explained since the defense can’t confront the witnesses, or the manifestations of the prosecution that lead to conclusions of law.
San Miguel launches P30 billion preferred share offer
Conglomerate San Miguel Corporation has launched a P30 billion preferred share offering, with funds set to go toward debt refinancing and key infrastructure projects including the proposed New Manila International Airport in Bulacan. The Securities and Exchange Commission gave approval for the offer the previous Tuesday. The shares will be open for subscription until July 23, with listing on the Philippine Stock Exchange scheduled for August 3.
Converge adds P5 billion to expanded share buyback plan
Converge Information and Communications Technology Solutions Inc., a major fiber internet provider, announced on Wednesday it has expanded its share buyback program with an additional P5 billion to boost shareholder value. The move was approved by the company’s board of directors. Chief financial officer Robert Leo Yu confirmed the extra funds will not disrupt daily operations or planned spending, including ongoing network expansion across the Visayas and Mindanao. He noted the decision reflects strong confidence in the firm’s worth and its ability to reward investors while maintaining heavy investments in national fiber infrastructure, supported by a solid financial position. Actual purchases will depend on market conditions and follow securities rules. Converge shares closed at P9.25 each on Wednesday.
Higher ancillary service costs lift July transmission rates – NGCP
Electricity consumers will see a small rise in transmission charges on their July 2026 bills, driven mainly by higher ancillary service fees, the National Grid Corporation of the Philippines (NGCP) announced on Wednesday.
PH aims for strategic nickel partnership with Indonesia amid supply shifts
The Philippine Nickel Industry Association (PNIA) urged the government to accelerate mining permit efficiencies as Indonesia’s upcoming 2026 quota decisions highlight the global need for a more diversified critical minerals supply chain.
Palay outlook brightens as corn forecast softens
The Philippines is on track for a stronger second-quarter rice harvest but faces a slight decline in corn production, reflecting the diverging fortunes of the country's two staple crops as farmers contend with shifting weather conditions and varying field productivity.
New Iloilo facility to boost LPG supply in Visayas
The Department of Energy inaugurated Isla LPG Corporation’s new plant in Leganes, Iloilo, which is set to improve LPG supply security across Panay Island and Western Visayas.
Fintech raffle turns smart money moves into big rewards
If using Salmon already feels good, it is about to get even better. Following a playful new ad where every financial win brings bursts of confetti for host Sam YG, Salmon is bringing that same excitement straight to its customers with the launch of the Feels Good Raffle.
Satellite data modernizing DA operations in agri, fisheries sector
The Department of Agriculture is working closely with the Philippine Space Agency to expand the use of space technology and satellite data across the country’s farming and fisheries sectors, aiming to boost productivity, build better resilience to climate change, and deliver faster support to producers.
Manulife China Bank Life expands early cancer screening access
Manulife China Bank Life, the partnership between Manulife Philippines and China Banking Corporation, is launching a new cancer support program to help customers take charge of their health.