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International Container Terminal Services Inc., the global port operator of tycoon Enrique Razon Jr., said its unit, ICTSI Oregon Inc., has reached a settlement with International Longshore and Warehouse Union on all legal claims.

SN Aboitiz Power said its 24-megaWatt Magat battery energy storage system, or BESS, project has received a provisional authority to operate from the Energy Regulatory Commission last month.

The Bangko Sentral ng Pilipinas (BSP) has scored another win in the continuing fight against unlawful banking practices with the conviction of former officials of the Cooperative Bank of Benguet by the Regional Trial Court of that province.

The Bank of the Philippine Islands, the country’s fourth largest lender by assets, said Friday it recorded in 2023 its highest full-year net income of P51.7 billion, up 31 percent from the previous year, driven by record revenue and lower provisions that offset the increase in operating expenses. 

The Department of Agriculture is taking steps to improve the production of quality onions in the country, including partnering with local government units in undertaking information awareness and training programs.