CBS net income hits P1.2B in 1H
China Bank Savings (CBS), the thrift banking arm of China Banking Corp. (CBC), posted a 19 percent growth in net income to P1.2 billion for the first half of 2025, reinforcing its track record of annual record profits since 2021.
Angara eyes Public-Private Partnership scheme to solve classroom shortage
Education Secretary Sonny Angara is backing President Ferdinand “Bongbong” Marcos Jr.’s push to solve the country’s classroom shortage by partnering with the private sector, calling it a bold, necessary move to improve learning nationwide.
PXP boosts stake in Forum Energy assets
PXP Energy Corp., the listed oil and gas exploration firm of the MVP Group, said Friday it has raised its stake in FEC Resources Inc. to 81.25 percent from 78.39 percent by converting USD1.16 million in loans into 131.6 million new shares.
IMI sells Czech subsidiary to Keboda Group
Integrated Micro-Electronics, Inc. said it has completed the sale of its wholly-owned unit Integrated Micro-Electronics Czech Republic s.r.o. to Keboda Deutschland GmbH & Co. KG. The deal valued the Czech unit at EUR10.03 million, an amount subject to post-closing adjustment.
Metrobank 1H net profit rises 5% to P24.8B
Metropolitan Bank & Trust Co. (Metrobank) reported a 5 percent growth in net income of P24.8 billion in the first half of 2025, driven by strong loan growth, rising margins, and higher trading gains.
