Converge expands Bicol presence with new hubs in Albay, Sorsogon
Converge ICT Solutions Inc. has strengthened its regional presence in the Bicol region by opening two new business centers in Tabaco City, Albay and Irosin, Sorsogon.
Premium segment powers CPG’s 14% profit growth in first half
Century Properties Group Inc. (CPG) reported a 14 percent year-on-year increase in net income to ₱1.22 billion for the first half of 2025, up from ₱1.07 billion in the same period last year, driven largely by stronger sales from its horizontal housing segment.
Meralco warns of likely power rate hike in August
Electricity rates in the Meralco franchise area are poised for an increase this August 2025, the utility announced ahead of its official rate adjustment. The expected hike is primarily attributed to rising generation and transmission charges, which are likely to impact both households and businesses.
Cosco Capital posts 9.3% profit growth in 1H
Cosco Capital, Inc., the listed retail holding company of businessman Lucio L. Co, reported a 9.3 percent increase in its consolidated net income to P7.6 billion for the first half of 2025, up from P6.97 billion during the same period last year.
Liquidity, consumption outlook improve despite YTD decline
Net foreign direct investment (FDI) inflows to the Philippines grew by 21.3 percent year-on-year in May, reaching US$586 million from US$483 million in the same month last year, according to data from the Bangko Sentral ng Pilipinas (BSP).
