Friday, 16 May 2025, 12:26 am

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    Inappropriate use of bank funds gets Leyte rural banker up to 20 years in jail

    The Regional Trial Court of Burauen, Leyte (RTC-Burauen) has convicted a former officer of the now-closed Rural Bank of Burauen (Leyte), Inc. for violating the Bangko Sentral ng Pilipinas’ (BSP) Manual of Regulations for Banks (MORB) and appropriate legislation.

    Sunlight Air, BillEase announce partnership offering cardless Fly Now, Pay Later 

    Domestic boutique charter airline Sunlight Air and consumer finance app BillEase are partners in a venture enabling tourists to book flights and pay later even without a credit card.

    PLDT, Smart thwart 17 billion attempts to open malicious sites, block 400 million fraudulent text messages

    PLDT and Smart have intensified their anti-cybercrime efforts and clamped down on illegal activities perpetrated over their text messaging or SMS and online platforms. 

    DA sans agreement stops selling lower priced onions

    The Department of Agriculture will temporarily stop selling lower priced onions at its Kadiwa rolling stores starting Friday due to the absence of an...

    Volatility of LNG prices to continue this year

    The price of liquefied natural gas (LNG) could remain volatile this year, force buyers to limit spot purchases and seek long-term contracts instead, according...

    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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