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Banking, car, insurance businesses nudge GT Capital net income higher in 1Q

GT Capital Holdings Inc. said Thursday its banking, car and insurance businesses lifted first-quarter net income by 7 percent to P7.11 billion.

Leviste eyes more ABS-CBN shares; plans industrial estate for Roxas Holdings’ Nasugbu property

Leandro Leviste,  founder of Solar Philippines, one of the largest integrated solar farms developers, said his constant search for value has led him to the acquisition of a substantial stake in ABS-CBN Corp., whose bottomline has been bleeding red since Congress decided not to renew its broadcast franchise in 2020.

Nasugbu LGU asks Roxas and Co. to settle unpaid tax obligations

The local government of Nasugbu in Batangas is seeking payment for alleged unpaid real property taxes it claims exceeding P1 billion from Roxas and Co. Inc. 

Meralco unit wins contract to build Singapore’s 100-MW LNG-fed ancillary plant

Meralco Power Gen Corp. (MGen) affiliate firm Pacific Light Power Pte Ltd (PLP) on Wednesday announced winning the contract to build power generating units providing Singapore’s Energy Market Authority with 100 megawatts of fast start generation facility by the second quarter next year. 

Telco helping empower farmers, fisherfolk with non-collateralized loans

GCash, Globe's mobile wallet, has tapped Farm Konekt to provide farmers and fishermen access to non-collateralized loans powered by its credit arm, Fuse Lending.

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PeraSure launches digital lending platform for gig, informal workers

The Securities and Exchange Commission or SEC-registered Sulit Lending Corporation has officially launched its digital lending app PeraSure, offering easier credit access to millions of Filipino workers without regular payslips.

DOTr asks Congress to restore P12.8-B LRT-2 budget for new trains

The Department of Transportation (DOTr) is urging lawmakers to reinstate the P12.8-billion allocation meant to buy new train sets for Light Rail Transit (LRT) Line 2, after the fund was dropped from the 2027 budget proposal submitted to Congress.

Philippine-led ASEAN–World Bank talks target private investment, infrastructure 

The Philippines has opened a new channel for regional cooperation on infrastructure financing, private investment and job creation after convening the first dialogue between Association of Southeast Asian Nations (ASEAN) finance ministers and World Bank Group (WBG) President Ajay Banga.

BIR warns e-invoicing providers against excessive fees

The Bureau of Internal Revenue (BIR) has cautioned electronic invoicing service providers against charging excessive fees as businesses prepare for the government’s mandatory electronic invoicing system, with compliance due by December 31, 2026.
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