Diesel, Kerosene Down; Gasoline Up
Oil companies announce price cuts for diesel and kerosene on May 12, while gasoline sees a slight increase. The adjustments reflect global market trends and Middle East developments.
Category : Business
AI Reshaping Jobs in the Philippines, Experts Warn
Experts at a PIDS forum highlight AI's impact on Philippine jobs, reducing demand for routine work and increasing need for digital skills.
BSP: Aug inflation seen at 4.1-4.9%
The Bangko Sentral ng Pilipinas projects August inflation between 4.1% and 4.9%, citing faster bank lending and liquidity growth in March 2026.
DPWH completes school building in Zamboanga Sibugay
The DPWH has completed a two-classroom school building in Olutanga, Zamboanga Sibugay, funded under the 2025 GAA, addressing classroom shortages.
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Davao Transport Modernization to Deploy Over 1,000 Buses
The Davao Public Transport Modernization Project will deploy over 1,000 modern buses, creating an integrated network serving 185 barangays and hiring 3,000 drivers.
Man Arrested for Phone Theft in Cebu Boarding House
A 28-year-old man was arrested after stealing a phone and cash from a boarding house in Barangay T. Padilla, Cebu City on May 10, 2026.
Lapu-Lapu City Revives P20-Per-Kilo Rice Program
Lapu-Lapu City relaunched its P20-per-kilo rice program on May 11, 2026, benefiting nearly 1,000 vulnerable residents with subsidized rice to combat rising prices.
Top Line Q1 2026 Revenue Surges 75.4%
Cebu-based fuel distributor Top Line reports P1.76B revenue in Q1 2026, up 75.4% YoY, driven by commercial fuel trading and retail expansion.
Globe Q1 Core Net Income Up 9% on GCash Growth
Globe Telecom reports 5% revenue growth in Q1 2026 to P42B, with GCash parent Mynt contributing 30% of pre-tax income. Core net income up 9% to P4.9B.
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Jollibee Q1 net income falls 38.8% on cost pressures
Jollibee Foods Corp. reported a 38.8% decline in first-quarter net income to P1.47 billion, as rising commodity and supply chain costs from Middle East tensions offset double-digit sales growth.
Silent Tensions Undermine Family Businesses
Family businesses often fail not from dramatic crises but from unspoken tensions. Governance structures are key to preventing long-term damage and preserving unity across generations.
ABS-CBN Responds to Lopez Complaint
ABS-CBN addresses reports of a complaint filed by board director Federico Lopez, calling public accusations painful distractions and urging focus on company recovery.
Cebu launches P20 per kilo rice program for residents
The Cebu Provincial Government will launch President Marcos Jr.'s 'Benteng Bigas Meron Na' program on May 20, 2026, offering subsidized rice at P20 per kilo to residents.
ERC Suspends Green Energy Charges for Two Months
The ERC suspends GEA-All collection for May-June 2026, a move praised by consumers amid the energy crisis. Consumer groups also urge removal of VAT on electricity.
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Converge Global Business Elevates IT-BPM with Digital Infrastructure
Converge Global Business gathered industry leaders at the Elevating Connections forum to discuss how robust digital infrastructure and partnerships sustain the Philippines' IT-BPM competitiveness.
TransUnion boosts credit literacy in Philippines
TransUnion Philippines launches Credit Engage to improve credit literacy as 56% of Filipinos plan to apply for new credit, partnering with BSP for education modules.
DSWD 7 Uses CBMS for Social Pension Verification
DSWD Field Office 7 adopts CBMS as official targeting tool for Social Pension Program, ensuring data-driven and transparent beneficiary selection in Central Visayas.
DSWD Job Order Employee Arrested as Drug Courier
Police arrested a DSWD job order employee suspected of being a drug courier and stash keeper, seizing 500 grams of shabu worth P3.4 million in Mandaue City.
PhilHealth Eyes Broader Animal Bite, Leptospirosis Benefits
PhilHealth seeks to expand benefits for animal bite victims and leptospirosis, covering more cases and increasing medical aid ahead of the rainy season.
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Carbon Vendors Fear Livelihood Loss Amid Redevelopment
Jocelen Dee, a mother of five and Carbon vendor, struggles to survive on P500 daily after JVA. She faces intimidation and fears displacement.
Angeles City Mayor Leads Farm Inputs Distribution
Mayor Carmelo Lazatin II led the distribution of rice seeds, fertilizers, and planting materials to local farmers under the city's Rice and High Value Crops Programs to boost food security.
Lapu-Lapu City Relaunches P20-Per-Kilo Rice Program
Lapu-Lapu City relaunches its P20-per-kilo rice program, benefiting 64,241 vulnerable residents amid rising commodity prices.
CIDG Raids Beauty Clinic in Angeles City, Arrests 3
CIDG and AFP raid a beauty clinic in Angeles City, arresting three women including a Vietnamese for selling unregistered beauty products worth PhP 247,250.
Rising Electricity Costs Force Cebu Residents to Adapt
Soaring electricity bills in Cebu drive households and small businesses to cut appliance use, adjust routines, and rethink budgets amid persistent heat and economic pressure.
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BSP Reaffirms Commitment to ASEAN+3 Regional Cooperation
The Bangko Sentral ng Pilipinas joined ASEAN+3 central banks in reaffirming regional cooperation during the 29th Finance Ministers' and Central Bank Governors' Meeting in Samarkand.
Filipino Optimism Drops as Prices Rise
SWS survey shows net personal optimism fell to +23 in March 2026, the lowest since September 2020, as high inflation and low incomes strain Filipino households.
Diesel and Kerosene Prices to Drop Big in Philippines
Diesel and kerosene prices will roll back by P9.57 and P13.30 per liter respectively on May 12, while gasoline rises by P0.47 per liter, Pilipinas Shell announced.
Soaring Power Bills Force Cebu Residents to Adjust
Rising electricity costs in Cebu push households and small businesses to cut appliance use and tighten budgets amid heat and economic strain.
Cebu's Food Centers to Boost Farmers, Fisherfolk Income
Cebu province launches 'People's Food Centers' to eliminate middlemen, lower consumer prices, and ensure fair profits for local farmers and fisherfolk.
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Two Dead, Two Injured in Separate Motorcycle Crashes in Cebu
Two men died and two women were injured in separate motorcycle accidents in Barili and Sibonga, Cebu on May 10, 2026.
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