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IFC targets growing PH non-life insurance market by investing in a special purpose vehicle

Banking & Insurance Context.ph Context.ph -
The International Finance Corp., the private sector investment arm of the World Bank, has invested USD10 million in a consortium of investors led by...

Luzon briefly under yellow alert on Monday

Energy & Mining Context.ph Context.ph -
The National Grid Corporation of the Philippines (NGCP) on Monday placed the Luzon grid under yellow alert status anew.

Aboitiz Power posts 4 percent income growth in 1Q

Energy & Mining Context.ph Context.ph -
Aboitiz Power Corp. on Monday reported a 4 percent rise in net income to P7.9 billion in the first three months this year compared to only P7.5 billion in the same period last year.

Chinabank net income jumps 18% to P5.9B in Q1

Banking & Insurance Context.ph Context.ph -
China Banking Corporation earned P5.9 billion in the first quarter of 2024, 18 percent higher compared to the same period last year, on the robust growth of its core businesses. 

Mall operations, residential business push SM Prime earnings higher in 1Q

Corporate Context.ph Context.ph -
Shopping mall operations and residential projects drove earnings higher at SM Prime Holdings Inc., with first-quarter net income at one of the leading integrated property developers in Southeast Asia rising 11 percent year-on-year to P10.5 billion.
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DA expands Isabela LGU tie-up to boost ube production, raise farmer incomes

Agriculture 0
The Department of Agriculture is strengthening its partnership with local government units and private stakeholders to scale up ube production, meet rising global demand, and create more export opportunities for Isabela farmers.

GSIS opens new Dagupan branch

Corporate Bulletins 0
The Government Service Insurance System or GSIS has opened its new Dagupan branch, replacing the old facility that had served the province since 1961. The new office at Cityscape Lifestyle Center is flood-free, more spacious, and modern, serving over 73,000 members and pensioners across Pangasinan.

September WESM prices rise 3.1% nationwide, set to reflect in October bills

Energy & Mining 0
Electricity prices at the Wholesale Electricity Spot Market climbed 3.1 percent in September, according to the Independent Electricity Market Operator of the Philippines. The Independent Electricity Market Operators of the Philippines or IEMOP reported Tuesday that the national average hit P7.43 per kilowatt-hour as of September 25, up from August’s P7.21 per kWh. It said the rates will be used to calculate spot-market electricity costs billed this October.

Rockwell joins expanded 4PH to widen homeownership access

Property 0
Rockwell Land Corp. has joined the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, agreeing to offer preferential housing prices and incentives to qualified Pag-IBIG Fund members as the administration seeks to widen access to homeownership among working- and middle-class Filipinos.
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