T-bill rates ease at auction as inflation slows
Treasury bill yields fell across all tenors at Monday’s auction, as the sharp deceleration in April inflation heightened expectations of potential monetary policy easing.
Chinabank unifies digital platforms with launch of ‘My CBC Online’
Chinabank has launched My CBC Online, a revamped browser-based banking platform designed to mirror the features and user experience of its recently upgraded mobile app, as part of its ongoing digital transformation strategy.
Phinma posts 27% 1Q net income growth, eyes expansion in education, housing
Diversified conglomerate Phinma Corp. reported a 27 percent year-on-year increase in first-quarter net income, reaching ₱562.62 million from ₱490.53 million in the same period last year, driven by strong performance in education and construction materials despite losses in its construction and property development segments.
Meralco cuts May rates amid power supply stability
Manila Electric Co., the country’s largest power distributor by sales, announced on Tuesday a significant reduction in electricity rates for May, lowering the overall rate to P2.2628 per kiloWatt-hour from P13.0127 in April.
Residential sales, leasing gains lift Filinvest Land 1Q earnings
Filinvest Land Inc., the listed property development arm of the Gotianun Group, posted a 3 percent increase in first-quarter net income to P905 million, driven by stronger residential sales, higher leasing revenues, and improved cost efficiency.
