SM Hotels and Conventions Corporation (SMHCC) has appointed Kits Pinga as the new club general manager of Pico de Loro Beach & Country Club, signaling a renewed commitment to operational excellence and enriched member experiences across its leisure portfolio.

The Asian Infrastructure Investment Bank (AIIB) has approved a USD300 million senior unsecured corporate loan to International Container Terminal Services Inc. (ICTSI), marking its first non-sovereign-backed deal in the Philippines and signaling rising investor confidence in the country’s logistics infrastructure.

The Philippines generated ₱339.76 million in sales leads after a three-city tourism sales mission in India following its participation in the Outbound Travel Market (OTM) 2026 in Mumbai.

The Visayas grid remained under yellow alert from 4 to 8 p.m. today, marking the eighth day this month the alert has been raised, with red alerts also triggered earlier in May. The National Grid Corporation of the Philippines reported low power reserves: available capacity stood at 2,692 MW against a peak demand of 2,503 MW. The strain stems from multiple long-term plant shutdowns—some inactive since as early as 2021—and 15 plants running below full capacity. Major facilities out of service include two units of Therma Visayas Inc. and a plant owned by Meralco Power Gen Corp., together making up over half of the unavailable supply.

Thousands of Lalamove partner drivers in Metro Manila have started receiving ₱5,000 each in government financial aid as part of a massive, three-day distribution drive led by the Department of Social Welfare and Development (DSWD).

SM Offices, the commercial leasing arm of SM Prime Holdings, has achieved full occupancy across its 10-tower, 100,000 square meter Clark Tech Hub in Angeles City, Pampanga.

The Department of Environment and Natural Resources (DENR) confirmed on Wednesday that tree cutting along Quirino Avenue in Manila is authorized. The work is part of the Southern Access Link Expressway Project, developed by San Miguel Corp., and covered by Permit No. 2026-02-24-TCEBP-1609.

Telecom giant PLDT Inc. has officially secured the backing of the Tagbanua Indigenous Cultural Communities (ICC) for its new undersea fiber-optic project, clearing a major path to boost internet reliability across Palawan.

Far Eastern University (FEU) said that its board of trustees has approved setting aside P733.7 million from retained earnings to fund capital expenditures and expansion initiatives.