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UnionBank 1Q net profit fall on one-off items; revenue up 8.4%

Banking & Insurance Context.ph Context.ph -
UnionBank of the Philippines reported P19.4 billion in revenue for the first quarter, an 8.4 percent year-on-year growth. The bank’s performance continues to be driven by a thriving consumer business, expanding net interest margin, and rising fee-based revenue.

DA to roll out P20/kg Rice Project in KADIWA Centers starting May

Agriculture Context.ph Context.ph -
Agriculture Secretary Francisco P. Tiu Laurel Jr. announced that the Department of Agriculture (DA) will launch the P20 Rice Project under the KADIWA ng Pangulo program on 2 May 2025.

Japan backs capacity building for Manila’s civil servants via scholarship program

Context Dispatch Context.ph Context.ph -
In a continued show of support for the Philippines’ development goals, Japan has committed a grant worth JPY 389 million (approximately P150 million) to fund graduate studies for young Filipino government employees.

Ayala eyes retail expansion, leverages consumer-facing assets

Corporate Context.ph Context.ph -
Ayala Corp. is setting its sights on expanding into the retail sector, identifying it as a key growth opportunity missing from its current portfolio, which spans banking, fintech, telecom, and automotive.

PH urged to harness renewable energy amid US trade shifts

Energy & Mining Context.ph Context.ph -
A recent study by global energy think tank Ember emphasizes the need for the Philippines and other Southeast Asian nations to accelerate their renewable energy (RE) transitions in light of shifting U.S. trade policies.
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Pax Silica hub agreement still targeted for yearend signing

Communications & Technology 0
The Philippines remains hopeful of signing the master agreement for the proposed Pax Silica advanced manufacturing hub before yearend, with negotiations progressing and no major substantive issues threatening a deal, Trade Undersecretary Ceferino Rodolfo said.

Foreign direct investments drop to $4.8 billion in first eight months of 2026

Top News 0
Foreign direct investment (FDI) into the Philippines recorded a net inflow of $4.8 billion during the first eight months of 2026, dropping from the $5.9 billion registered in the same period last year, the Bangko Sentral ng Pilipinas (BSP) on Tuesday reported.

EcoSolar’s 22.5MW Capiz battery storage facility starts testing, to boost Visayas power supply

Energy & Mining 0
Yuchengco-led EcoSolar Energy Corp. (ESEC) announced that its 22.5 megawatt / 45 megawatt-hour Panitan Energy Storage Project in Capiz began testing and commissioning as a generation facility last week.

GSIS sets aside ₱2.75-B emergency loans for 109K members, pensioners in calamity zones

Banking & Insurance 0
The Government Service Insurance System (GSIS) has allocated ₱2.75 billion in emergency lending to assist over 109,000 active members and old-age and disability pensioners living in areas hit by crop pest infestations, rising dengue infections, and the El Niño dry spell.
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