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AUB posts strong earnings in 2024, eyes expansion

Asia United Bank (AUB) continues to see robust earnings growth, with a 36 percent increase in net income to P11.3 billion in 2024, up from P8.3 billion in the previous year. 

Basic Energy, RENOVA seal joint development deal for Mabini Wind Project

Listed firm Basic Energy Corp. and RENOVA Inc. have completed the Joint Development and Shareholders’ Agreement, marking a key milestone in their partnership for RDG Wind Energy Corp. This agreement follows Basic’s fulfillment of the stipulated conditions precedent and includes minor amendments to clarify equity allocation between the two companies.

DA pushes for better roads, bridges to boost food security

Agriculture Secretary Francisco P. Tiu Laurel Jr. will seek an audience with the Department of Public Works and Highways (DPWH) to discuss improving the country’s road and bridge infrastructure. The goal is to ensure the smooth flow of agricultural goods, lower transport costs, and strengthen food security.

New ATC tower boosts efficiency at Clark Airport

CLARK FREEPORT ZONE — Clark International Airport Corp. (CIAC) president Jojit Alcazar on Monday said that the new air traffic control (ATC) tower, expected to be operational by 2Q 2025, will significantly enhance air traffic management at Clark International Airport. The tower, built by MSV Construction and Northern Builders, will address visibility issues and improve operational efficiency, particularly as air traffic volume is set to rise.

Record-breaking remittances boost economy in 2024

Personal remittances from overseas Filipinos (OFs) surged to a historic high of USD3.73 billion in December 2024, marking a three percent increase from the previous year. The robust inflows helped push full-year remittances to USD38.34 billion, the highest ever recorded, reflecting a three percent growth over 2023's USD37.21 billion.

Just in

Sugar surplus grows as local demand weakens— PSMA

The Philippine Sugar Millers Association (PSMA) said the country currently has enough refined sugar supply, even as demand for locally produced sugar has weakened.

Visayas grid on yellow alert again amid power plant outages

The Visayas power grid was placed under yellow alert on Monday, marking the sixth alert for the region this month due to ongoing power plant outages and reduced electricity supply.

PAL, Qatar Airways expand partnership to boost Philippines–Europe travel links and loyalty benefits

The Philippine Airlines and Qatar Airways have expanded their strategic partnership to make travel between the Philippines, the Middle East, and Europe more seamless starting June 1, 2026.

Trinoma expansion poised to transform commuter traffic 

Ayala Malls is supercharging Trinoma with The Exchange at Trinoma, a new 40,000-square-meter retail and office wing designed to tap into rising commuter traffic and commercial activity at Quezon City’s upcoming Unified Grand Central Station.
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