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Group urges DOE to fully implement VAT exemption on local natural gas to lower power bills

A consumer advocacy group is calling on the Department of Energy (DOE) to quickly issue clear rules to enforce a new tax exemption that could help reduce electricity costs for consumers.

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Visayas roots, Singapore routes: Top Line redraws its map

Singapore is no longer just a distant dot on Top Line Business Development Corp.’s growth chart. It has become a very literal marker of how far the company has travelled in 12 years, from a Visayas-based real estate developer to an emerging energy player now thinking in global supply routes.

Agriculture

DA centralizes farm reform programs under single office

The Department of Agriculture (DA) has created a single project management office (PMO) to oversee two major reform programs funded by the World Bank. The move aims to improve coordination, speed up implementation, and strengthen oversight.

Corporate

Globe trims hybrid debt, strengthens balance sheet

Globe Telecom Inc. has completed a significant step in its capital management strategy after concluding a tender offer for its USD600 million 4.2 percent Senior Perpetual Capital Securities, resulting in the repurchase of a large portion of the outstanding debt instrument.

Banking & Insurance

EastWest charts cautious growth with digital drive

EastWest Bank is doubling down on prudent expansion, sharpening its focus on wealth management, hyper-local growth, and digitalization as it navigates a more uncertain economic landscape.
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Markets

Peso stalls, stocks drift amid global uncertainty

The Philippine peso edged weaker last week, pausing after two consecutive weeks of gains as the dollar-peso pair settled into a narrow trading band.

Travel

MCIA meets hotels on Middle East crisis impact

Aboitiz InfraCapital Cebu Airport Corp. convened tourism stakeholders to assess the potential impact of the ongoing Middle East crisis on Cebu’s travel sector, as rising global jet fuel prices threaten to dampen demand.
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Energy

FDC Green solar project cleared for operations

DC Green Energy Corp. (FDC Green), a wholly owned subsidiary of Filinvest Group’s utility arm FDC Utilities, Inc. (FDCUI), has secured a Certificate of Compliance (COC) from the Energy Regulatory Commission (ERC) for its 20.774-megawatt peak (MWp) ground-mounted solar facility at the PHIVIDEC Industrial Estate, signaling readiness to supply power to the grid.

Transport & Communications

Tesla profit up even as AI push intensifies

Tesla, Inc., the U.S.-based electric vehicle and clean energy company led by billionaire Elon Musk, reported higher first quarter earnings, as gains from its core auto business were partly offset by aggressive spending on artificial intelligence, robotics, and factory expansion.
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Property

Wave 4 portfolio bolster MREIT profit momentum

MREIT Inc., the real estate investment trust arm of Megaworld Corp., posted its strongest quarterly performance to date in the first quarter, as a recently completed acquisition and improved operating efficiency combined to drive broad based growth in earnings, revenues, and margins.

Environment

DENR recognizes Boracay Water’s Nabaoy Watershed project successfully restored

The Department of Environment and Natural Resources (DENR) has confirmed that Boracay Water successfully established and maintained its 20-hectare watershed rehabilitation site in Sitio Mananga, Barangay Nabaoy, Malay, Aklan.
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Technology

Intel launches new AI-powered laptops in Manila

Intel on Thursday announced the release of new laptops powered by its latest Core Ultra Series 3 processors, now available across the Philippines. The devices, made by major brands like ASUS, Acer, Dell, HP, Lenovo, and MSI, aim to deliver faster performance, better graphics, and improved energy efficiency.

Health & Science

Tennis power secret lives inside racket strings

In tennis, winners are usually credited to timing, technique, and nerve. But a growing body of science is pointing to something far less visible and surprisingly influential.
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Opinion

A house divided: Lopez family rift tests corporate governance

“Every kingdom divided against itself is brought to desolation, and every house divided against itself will not stand.” In the Lopez corporate universe, the verse now reads less like scripture and more like a live governance case file—complete with injunctions, contested boardrooms, and competing versions of who nearly switched off the lights.

The Days Ahead

Several things have changed over the past month. The global economy is now poised to face another severe slowdown and rising inflation as a result of the Middle East conflict. While the impact on countries may differ in magnitude, the oil supply shock will squeeze economic activity and raise prices significantly.

Fuel crisis or policy gap?

Airline executives were caught off guard when President Ferdinand Marcos Jr. warned that Philippine carriers may be forced to cut flights—or even ground planes—due to a possible jet fuel shortage tied to the escalating U.S.-Israeli conflict with Iran.

Choked Hormuz puts global food supply at risk

Food, not fuel, may prove the first and most immediate casualty of the Middle East conflict as disruption grips the Strait of Hormuz, a narrow sea lane with an outsized role in feeding the world.