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Figaro Coffee Group reports 14% 2Q income growth

Figaro Coffee Group Inc. announced a 14 percent increase in income for the fiscal second quarter ending December 2024, reporting P222.04 million, up from P194.74 million the year prior.

DOTr gifts commuters with LRT rate hike on Valentine’s Day

The Department of Transportation (DOTr) has approved a fare hike for the Light Rail Manila Corp. (LRMC), which will take effect on 2 April 2025. The decision, made official in a 14 February letter, comes after the LRMC petitioned for an increase in fares, citing adjustments in its concession agreement.

A. Soriano Corp. mourns loss of vice chairman Eduardo Soriano, 69

A. Soriano Corp., a diversified investment holding company, on Tuesday announced the passing of its vice chairman and director, Eduardo J. Soriano, at the age of 69.

Digido expand access to loans, digital services with PalawanPay

Digido Finance Corp. has signed a memorandum of agreement with PalawanPay, the digital wallet of the Palawan Group of Companies, creating a new avenue for PalawanPay users to access Digido loans directly within the app. This marks a significant development in the digital finance sector, aligning both companies in their mission to enhance financial inclusion across the Philippines.

Ayala Land unveils high-end residential development in Davao

Ayala Land Inc. has launched its first premium horizontal residential development in Davao, named Virendo, under its Ayala Land Premier brand. Located in Toril, just 16 kilometers from Davao City, the low-density enclave is part of a master-planned, mixed-use estate. Virendo offers 150 residential lots ranging from 450 to 1,803 square meters, set against lush green landscapes, natural waterways, and panoramic views of Mt. Apo-Talomo range and Davao Gulf.

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BCDA courts $50-M European aviation investment, US aerospace plant in Clark

The Bases Conversion and Development Authority (BCDA) is pursuing at least USD50 million in initial investment from a European aircraft maintenance company, alongside a separate US aerospace manufacturing proposal, as it seeks to expand Clark’s role in the aviation industry.

DA acts on FMR data error; launches review and reforms 

The Department of Agriculture (DA) is tightening checks on project details and rolling out system-wide improvements after discrepancies were found in coordinates submitted for farm-to-market road (FMR) projects.

Maynilad-K-Water’s P14.8-B New Clark City project goes uncontested, nears award

A P14.8-billion water supply and wastewater project proposed by Maynilad Water Services Inc. and South Korea’s K-Water for New Clark City has cleared a key hurdle after attracting no competing bid, putting the consortium closer to securing the contract.

BPI Foundation brings financial literacy, digital learning to more public schools

BPI Foundation, the social development arm of the Bank of the Philippine Islands, is broadening its nationwide push to boost financial literacy and digital learning, reaching thousands of students and teachers in underserved communities.
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