Friday, 31 July 2026
7 hours ago
RCBC first-half 2026 profit falls 22% on higher credit provisions
The Yuchengco family-backed Rizal Commercial Banking Corp. reported a 22 percent decline in first-half net income as it set aside more provisions for potential credit losses amid heightened geopolitical uncertainties.
7 hours ago
Lepanto clears key hurdle in 12-year bid to renew Benguet mine permit
Lepanto Consolidated Mining Co. has cleared a major hurdle in its 12-year effort to renew the mining permit covering its operations in Mankayan, Benguet after securing the consent of indigenous communities whose approval is required under Philippine law.
7 hours ago
Rockwell spends nearly P28B to secure near-total control of Alabang Town Center
The Lopez family-backed Rockwell Land tightened its grip on Alabang Town Center by buying out most of the remaining shareholders, bringing its total investment in the 17.5-hectare commercial estate to about P28 billion.
11 hours ago
CashKO ramps up microinsurance drive to curb medical poverty
CashKO, the microinsurance subsidiary of Philippine insurtech firm RuralNet, said it has expanded its tailored insurance offerings to more than 6.1 million underserved Filipinos across 81 provinces as it seeks to narrow the country's protection gap and reduce the financial impact of serious illness on low-income households.
11 hours ago
QUICK LOOK | June exports, imports post double-digit growth
Philippine export sales climbed to a record $8.77 billion in June 2026, rising 24.1 percent from a year earlier, as electronics continued to drive outbound shipments, according to the Philippine Statistics Authority (PSA).
12 hours ago
AUB H1 earnings edge up as lending lifts core income growth
Asia United Bank Corp. posted a modest increase in first-half net income as sustained lending growth and higher core banking revenues offset a sharp increase in provisions for potential credit losses, underscoring the lender's focus on balancing expansion with prudent risk management.
13 hours ago
Malampaya gas supply deal seen easing power costs for consumers
Prime Energy has signed an Interim Natural Gas Supply Arrangement with South Premiere Power Corp. (SPPC) to supply indigenous Malampaya gas to the 1,200-megawatt Ilijan Power Plant in Batangas, a move the company said will help lower electricity costs by reducing dependence on more expensive imported fuel.
13 hours ago
Colliers PH urges faster housing approvals as pockets of demand remain strong
The government should accelerate the issuance of Licenses to Sell (LTS) for residential projects as approval delays threaten to limit housing supply in markets where buyer demand remains strong, according to Colliers Philippines.
14 hours ago
MVP: EDC could be ‘good addition’ to Meralco but says no talks with Lopez
Manila Electric Co. chair and CEO Manuel V. Pangilinan said Energy Development Corp. (EDC) would be a strategic addition to Meralco PowerGen Corp.’s expanding renewable energy portfolio, but stressed his group is not in current talks with the Lopez family.
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