GSIS defends investment soundness amid review of stake in gaming firm
The Government Service Insurance System (GSIS) on Wednesday affirmed the actuarial soundness and financial strength of its investment portfolio, including its recent stake in DigiPlus Interactive Corp., amid public scrutiny over the state-owned firm’s investment choices.
Calbayog Water launches first septage treatment plant in Calbayog City
Calbayog Water, a Manila Water non-East Zone operating unit under Manila Water Philippine Ventures (MWPV), has officially launched its first Septage Treatment Facility (SpTP) in Barangay Dinagan, Calbayog City, Samar—marking a significant milestone in the city’s sanitation and environmental protection efforts.
Bifrost Cable Lands in Davao
Converge ICT Solutions Inc. announced the successful landing of the trans-Pacific Bifrost Cable System in Davao, a key milestone in positioning the Philippines as a major hub in the global digital infrastructure map.
Forex reserves dip slightly to $105.7B in July
The country's gross international reserves (GIR) edged down to US$105.7 billion at end-July 2025 from US$106.0 billion the previous month, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP).
SMIC earns ₱42.6B in 1H 2025, driven by banking, property, retail
SM Investments Corporation (SM Investments) reported a consolidated net income of P42.6 billion for the first half of 2025, a 6 percent year-on-year increase from P40.2 billion, driven by broad-based gains across its banking, retail, and property businesses. Consolidated revenues grew 6 percent to P319.2 billion from P301.4 billion in the same period last year.
