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AUB net income jumps 56% to P6.3B in 2022

The net income of Asia United Bank (AUB) jumped 56 percent to P6.3 billion, boosted mainly by increased loan volume, higher margins, and improvement on loan loss provisions.

Semirara cash dividends total P14.88 billion 

Semirara Mining and Power Corp. said its board  approved cash dividends that total P14.88 billion and will be sourced from unappropriated retained earnings of the coal miner and power producer.

Pork producers appeal for government to consider the Cebu protocol on sick hogs

The Pork Producers Federation of the Philippines Inc. (ProPork) has urged the Department of Agriculture (DA) and the Bureau of Animal Industry (BAI) to consider the Cebu provincial government strategy in mitigating the impact of the African swine fever (ASF) on its hog population.

Diokno tells Fil-Chi biz community: Unity, vital for economic recovery

Finance Secretary Benjamin Diokno underscored the Marcos administration’s message of unity and committed to strengthening inter-sectoral ties for economic recovery as he addressed the Filipino-Chinese business community.

BIR says taxpayers can file, pay anywhere ahead of April 17 deadline

In an effort to provide optimal services to taxpayers, the Bureau of Internal Revenue (BIR) has authorized the filing and payment of the 2022 Annual Income Tax Return (AITR) anywhere.

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GT Capital earnings rise on strong core units

GT Capital Holdings, Inc. posted a 17 percent increase...

Local software sector urged toward AI-driven shift 

The Philippine software industry must pivot from a labor-intensive outsourcing model to a knowledge-driven, high-productivity ecosystem as artificial intelligence (AI) reshapes global demand, according to Jonathan de Luzuriaga of the Philippine Software Industry Association.

Marcos signs law allowing fuel tax relief

President Ferdinand Marcos Jr. on Wednesday signed into law Republic Act No. 12316, a measure granting him the authority to suspend or reduce excise taxes on petroleum products in response to surging global oil prices.

Consortium begins P2.1B microgrid projects in underserved areas

A power consortium has started building 24 microgrid projects worth about P2.1 billion to bring electricity to remote communities in Palawan, Cebu, and Quezon Province.
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