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Financing costs pull down Petron 1Q income

Corporate Context.ph Context.ph -
Petron Corp. posted a 5.5 percent drop in net income in the first quarter of the year to only P3.4 billion from P3.6 billion...

Bank-related text messages still up 2.7 percent in 1Q

Transport & Logistics Context.ph Context.ph -
Leading digital solutions platform Globe on Wednesday bared foiling more attempts at robbing depositors of their hard-earned money in the first quarter of 2023...

1Q agriculture output up 2.1 percent

Agriculture Context.ph Context.ph -
Agriculture production value grew 2.1 percent in the first quarter of the year as all subsectors posted improvements, according to the Philippine Statistics Authority. At...

Gaming aficionados, foreign visitors buoy Bloomberry earnings

Corporate Context.ph Context.ph -
Bloomberry Resorts Corp., holder of the hotel and casino business of tycoon Enrique Razon, booked a net income of P3 billion in the first-quarter...

Jollibee ends PHO24 deal, sells stake in joint venture firm

Corporate Context.ph Context.ph -
Jollibee Foods Corp., one of the largest Asian food service companies, said Wednesday that its partly-owned SuperFoods Group has signed a deal with East-West...
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Just in

Oil surge rattles peso, tests policy

Energy & Mining 0
The Philippine peso is back under pressure as surging oil prices and geopolitical strains jolt global markets, sharpening the policy dilemma for the Bangko Sentral ng Pilipinas (BSP).

Maharlika Fund eyes Iligan steel revival

Trade & Investments 0
The Philippine government is weighing the use of the Maharlika Investment Corporation to jump-start the redevelopment of the long-idle former National Steel Corporation (NSC) site in Iligan City, a 500-hectare property seen as a potential anchor for a new industrial and investment hub.

Manufacturers hold prices amid Middle East tension

Economy 0
Manufacturers of basic goods have pledged to keep prices steady for at least 30 days, cushioning consumers from global volatility fueled by ongoing Middle East tensions.

Gov’t to buy 2 barrels of oil to boost national supply

Economy 0
The Philippine government is set to purchase 2 million barrels of oil to strengthen the country’s fuel buffer stock, Department of Finance Secretary Frederick Go announced Tuesday.
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