Fraud costs businesses P4 trillion
Fraud continues to take a major toll on Philippine businesses, costing companies the equivalent of 6 percent of their annual revenues, or about P4 trillion, over the past year, according to TransUnion’s H2 2025 Top Fraud Trends Report. While slightly below the global average of 7.7 percent, the figure underscores the heavy financial strain fraud places on organizations across the country.
ERC lowers retail power threshold, eases smart meter rules
The Energy Regulatory Commission (ERC) has issued new policies aimed at modernizing the country’s power sector and promoting more stable and affordable electricity.
Gov’t moves to lift hog prices, restore pork tariffs
The Department of Agriculture (DA) and local hog producers have agreed to set a minimum farmgate price of ₱210 per kilogram for live hogs to help ease the financial strain on farmers.
EastWest Bank Reports P6.6-Billion Profit in First Nine Months, Driven by Strong Consumer Lending and Digital Growth
East West Banking Corp. (EastWest) recorded a P6.6-billion net income for the first nine months of the year, up 14 percent from the same period last year, supported by steady core revenue growth. The bank’s return on equity (ROE)stood at 11.6 percent.
Security Bank opens new branch in Kawit, Cavite
Security Bank has opened its newest branch in Kawit, Cavite — its 363rd branch nationwide and 12th in the province — as part of its goal to make banking more accessible outside Metro Manila.
