Security Bank ups bid for Home Credit PH stake
Security Bank Corp. has raised its acquisition price for a 25percent stake in Home Credit Philippines to ₱11.59 billion, marking a ₱1.22-billion increase from its initial offer to MUFG Bank Ltd., which currently holds the shares.
DITO backs Konektadong Pinoy Law, cites business and security opportunities
DITO Telecommunity Corp. announced Thursday it will not oppose the newly enacted Konektadong Pinoy Act, choosing instead to participate actively in shaping its implementing rules and regulations (IRR), particularly on cybersecurity and service standards.
BSP begins easing cycle with a rate cut to support growth
The Bangko Sentral ng Pilipinas (BSP) has lowered its benchmark interest rate by 25 basis points to 5 percent, marking the central bank’s first rate cut of the year and signaling a shift toward a more accommodative monetary policy stance.
SMC Tollways reports steady profit, accelerates TR4 construction
SMC Tollways Corp., a unit of San Miguel Corporation, reported a 3 percent increase in net income to ₱4.9 billion for the first half of 2025, up from ₱4.8 billion year-on-year.
NFA to auction 60,000 MT of aging rice amid import ban
The National Food Authority (NFA) on Thursday announced plans to auction up to 60,000 metric tons of aging rice stocks starting next month through October to prevent spoilage, free up storage space, and stabilize supply during a two-month rice import suspension.
