BPI posts P33B net profit in 1H on strong lending
Bank of the Philippine Islands (BPI) reported a net income of P33 billion for the first half of 2025, up 7.8 percent from P30.6 billion a year ago, as strong lending activity and higher margins lifted revenues despite rising costs and provisions.
RCBC lists sustainability bond that raised P12.2B
Rizal Commercial Banking Corp. (RCBC), the country’s sixth-largest lender, has successfully listed its Series F ASEAN Sustainability Bonds due 2028 on the Philippine Dealing and Exchange Corp. (PDEx), raising a total of P12.21 billion.
P9.2-B premium project launches at Cebu IT Park
Cebu Landmasters, Inc. (CLI), in partnership with Japan’s NTT Urban Development Asia, has launched The Wave Towers, a P9.2-billion premium residential development in Cebu IT Park, marking a major milestone in the city’s high-end urban living segment.
Over 8,000 barangays prone to landslides, flooding
The Mines and Geosciences Bureau (MGB) has identified 8,170 barangays nationwide as prone to rain-induced landslides and flooding due to Tropical Depression Crising, expected to affect the country from 16 to 19 July.
Globe expands clean energy use with 3,000 sites set for transition by 2028
Globe Telecom is scaling up its commitment to renewable energy, announcing the transition of more than 3,000 low-energy sites in Metro Manila and Region IV-A to 100 percent renewable energy (RE) by 2028.
