Thursday, 11 September 2025, 5:20 am

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    UnionBank pegs 2023 capex at P5B

    Union Bank of the Philippines of the Aboitiz Group has set aside P5 billion as capital expenditures this year.

    BPI rewards stockholders with property dividends

    171-year old Bank of the Philippine Islands (BPI) has rewarded shareholders with property dividends.

    Dollar bond valuation adjustments pull San Miguel income down 44% in 2022

    Unrealized losses arising from valuation adjustments of its foreign currency-denominated long-term debt helped the conglomerate San Miguel Corp. to report its 2022 income falling 44 percent to only P26.76 billion from P48.15 billion in 2021.

    Jollibee income hits P7.55 billion in 2022

    Fast food giant Jollibee Foods Corp. on Thursday reported net income last year rising 26 percent to P7.55 billion from previous year’s P5.5 billion, despite weaker fourth-quarter profits. 

    Aboitiz group launches tech-assisted pilot program helping farmers optimize produce

    The Aboitiz group on Thursday launched a pilot cold storage unit in Mankayan, Benguet called Fresh Depot which aims to help farmers manage their farm produce and optimize crop yield.

    Just in

    Travellers to inject up to $450M more Into Westside City Project

    Travellers International Hotel Group Inc., led by businessman Andrew Tan, will invest an additional $300 million to $450 million to complete the Westside City integrated resort and casino in Entertainment City, Parañaque.

    SEC opens fast-track registration to foreign firms

    The Securities and Exchange Commission (SEC) has broadened the scope of its One Day Submission and Electronic Registration of Companies (OneSEC) platform to allow registration of corporations with foreign equity, as part of ongoing efforts to enhance regulatory efficiency and improve the business climate.

    Meralco rate down in September on lower generation costs

    The Manila Electric Co., the country’s largest power distributor that serves Metro Manila and parts of neighboring provinces, said Wednesday that power rate in September will be lower by P0.1852 per kiloWatt-hour due largely to lower generation costs.

    New water system unveiled in Basilan

    The Manila Water Foundation, Metrobank Foundation, Zuellig Family Foundation, and local government partners launched a new water system in Barangay Bohelebung, Tipo-Tipo, Basilan.
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