Thursday, 15 May 2025, 9:35 pm

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    Ayala Land income bounced back in 2022 to P18.61 billion

    Property developer Ayala Land Inc. on Tuesday said its income bounced back strongly in 2022, reaching P18.61 billion and up 52 percent from the previous year’s P12.22 billion. 

    LRT 1 Cavite Extension Line could begin service by Q4

    The Light Rail Manila Corp. on Tuesday said the LRT Line 1 Cavite Extension Project Phase 1 could begin serving the riding public in the waning three months of this year. 

    NTC rules out immediate shut down of analog TV broadcasts

    The  National Telecommunications Commission (NTC) ruled out shutting down the analog broadcast of television (TV) signal this year, mostly because of the slow adoption of digital terrestrial TV (DTT) among households in the provinces. 

    BSP shuts down unregistered MSBs

    The money service business (MSB) of a Boholano and a Negrense were the subject of an irate Bangko Sentral ng Pilipinas (BSP) which has proceeded to ban them and any of their representatives from doing any more business with the public.

    PSA, LANDBANK tie up reduces number of unbanked Filipinos

    The Philippine Statistics Authority and state-owned Land Bank of the Philippines have moved the needle in reducing the number of unbanked Filipinos through a co-location strategy that has introduced financial services to around 8.4 million persons registered with the statistics agency.

    Just in

    Higher electricity sales power 8% profit rise for CREC

    Citicore Renewable Energy Corp. (CREC) reported an 8 percent increase in net income for the first quarter of 2025, rising to ₱230 million from ₱213 million last year, buoyed by a sharp uptick in electricity sales.

    DOE urges fair insurance premium for transitioning coal plants

    The Department of Energy (DOE) is calling on insurance providers to offer more reasonable premium rates for coal-fired power plants, warning that disproportionate insurance costs threaten the operational stability of power sources crucial to the national energy mix.

    MSpectrum, Landers expand solar partnership with Cebu, QC Projects

    MSpectrum Inc., the renewable energy arm of Manila Electric Co. (Meralco), is deepening its collaboration with Southeast Asia Retail Inc., the operator of Landers Superstore, with the rollout of two new solar rooftop installations in Cebu and Quezon City.

    FNI Q1 profit soars on higher shipments, nickel prices

    Global Ferronickel Holdings Inc. (FNI), one of the country’s leading nickel producers, posted a 1,567 percent surge in net income for the first quarter of 2025 totaling P177.3 million, from just P10.63 million a year earlier, as higher shipment volumes and stronger nickel prices buoyed performance.
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