Context.ph

RFM Corp., the Concepcion family-led food and beverage conglomerate, reported a 12 percent rise in net income to P1.4 billion in 2024, up from P1.26 billion the previous year, on the back of steady revenue growth and strong performance in key product segments.

Malacañang on Thursday abruptly terminated the services of Jeffrey Ian G. Dy as undersecretary of the Department of Information and Communications Technology (DICT), in a move signaling a swift policy reset under the department’s new leadership.

Pru Life UK is significantly expanding its Adopt-a-Madrasah initiative in Mindanao, strengthening its market position and commercial strategy as the country's first licensed takaful operator.

Philippine National Police Chief Rommel Marbil has ordered the relief of Anti-Kidnapping Group head Director General Elmer Ragay after the reported death of a Chinese businessman and his driver who were reportedly victims of abduction—one of several kidnapping cases that Filipino-Chinese business community had reported to have happened in recent months. PNP spokeswoman Brig. General Jean Fajardo told reporters that the PNP chief wasn’t satisfied with Ragay’s performance and named Col. David Poklay, a former deputy director of the PNP Criminal Investigation and Detection Group, as replacement.

The Bangko Sentral ng Pilipinas (BSP) reduced its benchmark interest rate by 25 basis points to 5.5 percent at its rate-setting meeting Tuesday, citing easing inflation and the need to support domestic consumption and credit growth amid global headwinds.