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Context Dispatch
Guteza recants flood control testimony
Orly Guteza, former bodyguard of ex-Congressman Rizaldy Co., has recanted his September 2025 testimony before the Senate Blue Ribbon Committee, where he claimed he helped deliver suitcases of money in connection with the flood control controversy. Guteza said his affidavit was prepared by former Congressman Mike Defensor and his son-in-law, Mark, and was later revised by Senator Rodante Marcoleta. He said the meeting took place on Sept. 24, 2025, at a Japanese restaurant near the Senate. Guteza also claimed Defensor offered him cash and educational scholarships for his children in exchange for his testimony. Also, in his new 4-page affidavit notarized on August 13 in Pasig City, Guteza claimed he was tapped to testify because Co’s executive assistants might be expelled from the Iglesia ni Cristo if they admitted their role in moving the money.
Transport & Logistics
SM Warehouses sees e-commerce fueling logistics demand
SM Prime Holdings Inc. expects sustained demand for warehouse and logistics facilities as e-commerce, faster delivery expectations, and last-mile distribution reshape the Philippine supply chain.
Banking & Insurance
Global Dominion, Go Negosyo launch livelihood initiative to boost MSMEs and local credit access
As persistent market pressures, soft domestic demand, and tight liquidity continue to squeeze Filipino households and micro, small, and medium enterprises (MSMEs), Global Dominion Financing, Inc. has partnered with Go Negosyo to deploy "Trabaho at Negosyo," a nationwide economic intervention designed to expand capital access, business mentorship, and income-generating opportunities across regional markets.
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