MPower secures extended deal to power Gokongwei facilities
MPower, the retail electricity supply unit of Manila Electric Company (Meralco), has renewed its retail electricity supply (RES) contract with the Gokongwei Group, reinforcing a strategic energy partnership that powers the latter’s key commercial and industrial facilities across Luzon.
PAL to receive first Airbus A350-1000 in 4Q as fleet renewal begins
The Philippine Airlines (PAL) on Monday confirmed that the first Airbus A350-1000 aircraft will arrive in the fourth quarter this year, marking the start of its fleet renewal and long-haul growth strategy for the flag carrier.
RCBC posts 44% surge in credit card receivables
Rizal Commercial Banking Corp. (RCBC) has reported one of the fastest-growing credit card portfolios in the country, with receivables soaring 44 percent year-on-year to ₱116.98 billion as of March 2025, based on company data. This significantly outpaced the industry’s 29 percent average growth, according to the Credit Card Association of the Philippines (CCAP).
Economic council OKs P27.7B rural bridge program
The Economy and Development (ED) Council, chaired by President Ferdinand R. Marcos Jr., has approved the P27.7-billion Farm-to-Market Bridges Development Program (FMBDP) of the Department of Agriculture that will be financed through official development assistance from the government of France.
PLDT pilots LEO satellites, expands AI-ready network
The PLDT Group is significantly increasing its infrastructure investments in support of the government's target to close the country's connectivity gap by 2028, in keeping with the Department of Information and Communications Technology (DICT) under Secretary Ivan John Uy.
