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URC Q1 net income rises 21% on higher volume and margin growth

Universal Robina Corporation (URC) posted sales of P42.6 billion for the three months ending 31 March 2024, up 7 percent versus the same period last year, with higher sales volumes across all divisions driving strong growth. 

NLEX spending P8 billion to boost traffic flow along network of expressways

NLEX Corp. is investing more than P8 billion into expanding its network of expressways to improve traffic flow and connectivity.

UnionBank starts P1-billion stock rights offer on May 16

Union Bank of the Philippines will start on May 16 a stock rights offer that would raise P1 billion for the country’s 9th largest lender by assets.

Agricultural loans widen in the year Pres. Marcos Jr. sits as concurrent agri chief – survey

Agricultural loans and services as percent of the banks' loan portfolio in 2022 widened to 18.1 percent from only 17.6 percent in 2021, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

DITO narrows net loss in 2023 on strong revenue growth

DITO CME Holdings Corp., the telecom venture of Davao-based businessman Dennis Uy, said Thursday it narrowed net loss to P19.60 billion last year from P25.64 billion in 2022 as gross revenue rose faster than operating and other expenses.

Just in

Ayala Land’s Vermosa earns top green district certification

Ayala Land’s 752-hectare Vermosa estate in Cavite has received the highest rating under the Philippine Green Building Council’s (PHILGBC) BERDE Districts certification system, adding a sustainability credential to its bid to establish itself as a major residential and commercial growth center south of Metro Manila.

Prosecutors withdraw 3 of 4 articles in VP Duterte impeachment

House prosecutors in the impeachment trial of Vice President Sara Duterte have decided to focus on Article 2, which covers allegations of ill-gotten wealth, while withdrawing charges involving the misuse of confidential funds, bribery, and threats.

Haus Talk targets 1,500 housing units in Batangas expansion

Listed property developer Haus Talk Inc. (HTI) is expanding its residential footprint in Southern Luzon, planning to develop more than 1,500 housing units on two properties in Batangas as it seeks to capture demand from economic and mid-market homebuyers.

President Marcos taps SSS chief De Claro to lead DICT

President Ferdinand Marcos Jr. on Tuesday, October 13, appointed Social Security System (SSS) President and Chief Executive Officer Robert Joseph de Claro as secretary of the Department of Information and Communications Technology (DICT), tapping an executive with experience in digital banking and financial services to lead the government’s technology agenda.
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