Dizon files more complaints vs. contractors over alleged DPWH bid rigging
Public Works Secretary Vince Dizon has lodged two additional complaints before the Philippine Competition Commission (PCC) for a preliminary inquiry into alleged bid rigging and project manipulation involving two contractors and three project contracts in Davao Occidental and La Union.
BPI expands digital reach with Pay&Go tie-up
The Bank of the Philippine Islands (BPI), through its digital wallet VYBE, has partnered with Pay&Go to let users cash in for free at over 3,000 kiosks nationwide.
Robust enterprise demand spurs Converge 9-month profit growth
Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) posted an 8.4 percent rise in net income to P8.9 billion for the first nine months of 2025, from P8.2 billion a year earlier, as strong enterprise demand and steady residential growth lifted revenues.
China Bank profit up 10%, assets reach ₱1.7T
China Banking Corp. on Thursday reported consolidated net income of ₱20.2 billion for the first nine months of 2025, a 10 percent increase from the same period last year. This translated to a 15.3 percent return on equity and 1.6 percent return on assets, among the highest in the industry.
Unemployment up slightly in September, fewer job seekers
The country’s unemployment rate inched up to 3.8 percent in September 2025 from 3.7 percent a year earlier, equivalent to 1.96 million Filipinos without work, the Philippine Statistics Authority (PSA) reported Thursday. Despite the slight uptick, the number of jobless declined from 2.03 million in August, suggesting some improvement in hiring momentum.
