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BSP data showed P104.8bn net earnings from local banks in 1Q26 (+3%), while NPL (or debts overdue by at least 90 days) was 3.37%.

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Fitch lowered outlook on banking sector. Fitch downgraded its sector outlook on local banks to ‘deteriorating’ from ‘neutral’, citing the Philippine’s vulnerability to higher inflation & weaker economic growth with the Middle East conflict.

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These latest adjustments are seen to exert upward pressure on electricity bills this month.

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Latest WESM rates up. Independent Electricity Market Operator of the Phils. (IEMOP) reported the systemwide Wholesale Electricity Spot Market (WESM) rate jumped 38.5% to P7.79/kWh in May due to tighter supply conditions amid extreme summer heat.

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The Operating Agreement shall be submitted to MGB for clearance.

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$NIKL unit signed Operating Agreement for Zambales mineral claim. NIKL’s fully-owned unit, Samar Nickel Mining Resources Corp. entered into an Operating Agreement with San Juanico Resources,

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granting Samar Nickel the right to operate San Juanico’s mineral claim holdings under MPSA 265-2008-III, covering 3.432mn ha. In Candelaria & Sta. Cruz, Zambales, believed to contain nickel ore & other associated minerals.

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The accord is subject to Pagcor clearance. PLUS is a holder of HK$1.6bn convertible bonds issued by International Entertainment Corp. (IEC).

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$PLUS unit-NCLI entered collaboration for online gaming project of LaVie Casino Manila. New Coast Leisure (NCLI), & PLUS’ fully-owned, Total Gamezone Xtreme Inc. (TGXI),

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entered into a 2-year Cooperation Agreement for non-exclusive collaboration on integration, aggregation, provision, technical support & operation of approved online games & gaming content through the online gaming platform & operations of LaVie Resort & Casino Manila.

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covering idle machineries & equipment used in the operations of sugar refinery in Nasugbu, Batangas, in favor of Infinity Multi-Agri Dev’t. Corp. for P600mn. Full payment is seen by Dec. 2026.

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$ROX unit raises P600mn from sale of sugar refinery equipment. ROX’s fully-owned unit, Central Azucarera don Pedro, Inc. (CADPI), signed a Deed of Absolute Sale (DoAS)

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$ASLAG gets CoC for Pampanga solar photovoltaic facility. ASLAG has received from ERC the Certificate of Compliance (CoC) for RASLAG-IV in Magalang, Pampanga, with rated capacity of 36.646MWp/26.4MWac. This facility has been operational & generating electricity since Oct. 2024.

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$MEG unloaded MREIT shares to raise P3.4bn. MEG sold 246mn MREIT shares at P13.75/share, or P3.384bn via a block sale last 9 June 2026. Proceeds shall be settled 11 June.

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$RLC unit-Bahaideals tandem. RLC Residences of RLC teamed-up with digital real estate platform, Bahaideals to give access to homebuyers. The collab supports RLC’s international marketing initiatives.

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TEL holds 38% of Maya & has been aiming to raise its block to secure a controlling share.

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Talks with KKR on Maya IPO ongoing. $TEL chief Manuel V. Pangilinan (MVP) said discussions are ongoing with KKR & Co., on Maya’s planned IPO. MVP noted once the issues are addressed, Maya’s IPO plan may proceed, as KKR may opt for a trade sale instead.

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Ex-date 15 Jun. 2026
PRF4A P16.76975, payable 07 Jul.
PRF4B P16.993, payable 07 Jul.
PRF4C P17.71525, payable 07 Jul.

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US shares lower. Renewed US-Iran tensions weighed on equities, after Pres. Trump said the US would attack Iran again if no peace deal is secured. DJIA -953 points, 49,918 (-1.87%), Nasdaq Comp. -509 points, 25,169 (-1.98%).

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The structural code provides that buildings should withstand a magnitude 8 earthquake.

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Compliance on building code at the center of OCD’s scrutiny. Office of Civil Defense (OCD) spokesperson Junie Castillo said building-code enforcement is being scrutinized, given the 7.8 magnitude earthquake that struck Mindanao.