Alliance Select 1Q net income surges
Alliance Select Foods International Inc. reported a net income of USD215,000 for the first quarter, more than triple the USD67,400 compared to the same period in 2024.
ADB expands food security funding to $40B, citing economic and climate pressures
The Asian Development Bank (ADB) has significantly increased its commitment to food and nutrition security across Asia and the Pacific, announcing an additional USD26 billion in support through 2030. This brings the institution’s total food security funding to USD40 billion over the 2022–2030 period.
ERC greenlights ancillary services deals bolstering grid stability
The Energy Regulatory Commission (ERC) has approved nine ancillary services procurement agreements (ASPAs) between the National Grid Corporation of the Philippines (NGCP) and several major power producers— a move expected to enhance grid stability and spur investment confidence in the country’s energy sector.
NNIC chief pledges aid to victims of NAIA Terminal 1 crash
New NAIA Infra Corp. (NNIC) president Ramon S. Ang has extended immediate support to the victims of the vehicular accident that took place earlier today at the departure level of Ninoy Aquino International Airport (NAIA) Terminal 1, committing to shoulder medical expenses and provide financial assistance to the affected families.
Chinabank considers divesting Taguig property acquired from Dennis Uy
China Banking Corp. (Chinabank) is preparing to sell a prime 14-hectare property in Taguig City recently acquired from Chelsea Logistics and Infrastructure Holdings Corp., a firm led by Davao-based businessman Dennis Uy.
