Metrobank posts record P37.3B profit in 9 months
Metropolitan Bank & Trust Co, the country’s fourth largest lender by assets, reported a record net income of P37.3 billion for the first nine months of...
Amazon, OpenAI forge $38B AI cloud deal
Amazon Web Services and ChatGPT owner OpenAI have entered into a multi-year strategic partnership valued at USD38 billion, one of the largest infrastructure deals in artificial intelligence to date.
Economy seen expanding 5.9% in Q3, driven by consumer spending
The economy is expected to have grown by 5.9 percent year-on-year in the third quarter of 2025, faster than the 5.5 percent expansion in the April–June period. The pickup, economists at Moody's Analytics said, is likely fueled by strong household consumption, supported by lower borrowing costs, easing inflation, and steady remittance inflows.
SMPC net income falls 37% despite record coal and power output
Semirara Mining and Power Corp. (SMPC) reported a 37 percent drop in net income to P9.9 billion for the first nine months of 2025, down from P15.7 billion in the same period last year, citing lower coal and electricity prices despite record-high production and sales.
DOE moves to modernize small-scale coal mining
The Department of Energy (DOE) is updating the country's small-scale coal \mining (SSCM) program, aiming to make it more structured, transparent, and environmentally responsible. The agency said the draft framework introduces clearer rules on health and safety, labor protection, environmental safeguards, and operational accountability.
