Philippine agriculture started the economy on a stronger footing in the first quarter, growing 1.9 percent, with better weather conditions and intensified government interventions helping the sector recover from a full-year contraction in 2024.
Palay production in the first quarter of 2025 is expected to reach 4.72 million metric tons, with higher yields offsetting a decrease in rice planting area, according to the latest estimate of the Philippine Statistics Authority (PSA).
Security Bank Corp. has appointed executive vice president John David “JD” Yap as its new chief financial officer (CFO), starting June 13, 2026. He takes over from senior vice president Allen Reyes, who will leave the bank on June 12 to pursue other career opportunities.
MPower, the retail electricity arm of Meralco, will provide power supply to Calamba Medical Center (CMC) in Laguna to meet its growing energy needs. Under the agreement, five service accounts will be covered by the Retail Aggregation Program and one under the Competitive Retail Electricity Market, giving the hospital access to competitive rates and greater supply flexibility.
The Bangko Sentral ng Pilipinas (BSP) hosted its first-ever Corporate Governance (CG) Summit on Monday in Manila, gathering leaders from universal, commercial, and digital banks alongside regulators and industry experts. The event, themed “Navigating the Future: Governance in Action,” aims to raise governance standards and ensure strong oversight as the financial sector faces rapid changes.
The Philippine manufacturing sector is set for a major boost with the launch of Philippine Manufacturing Week 2026, a unified B2B platform combining two major industry gatherings: the Auto Parts and Vehicles Expo Philippines (APVE Expo 2026) and the Philippine Die and Mould Machineries and Equipment Exhibition (PDMEX 2026).