SMC Tollways Corp. reported a 7 percent growth in net income for the first quarter of 2026, reaching P12.62 billion, up from P2.44 billion in the same period last year. Consolidated total revenue rose 4 percent to P5.66 billion, fueled by higher vehicle volume across all expressway networks.
Security Bank Corp. has appointed executive vice president John David “JD” Yap as its new chief financial officer (CFO), starting June 13, 2026. He takes over from senior vice president Allen Reyes, who will leave the bank on June 12 to pursue other career opportunities.
MPower, the retail electricity arm of Meralco, will provide power supply to Calamba Medical Center (CMC) in Laguna to meet its growing energy needs. Under the agreement, five service accounts will be covered by the Retail Aggregation Program and one under the Competitive Retail Electricity Market, giving the hospital access to competitive rates and greater supply flexibility.
The Bangko Sentral ng Pilipinas (BSP) hosted its first-ever Corporate Governance (CG) Summit on Monday in Manila, gathering leaders from universal, commercial, and digital banks alongside regulators and industry experts. The event, themed “Navigating the Future: Governance in Action,” aims to raise governance standards and ensure strong oversight as the financial sector faces rapid changes.
The Philippine manufacturing sector is set for a major boost with the launch of Philippine Manufacturing Week 2026, a unified B2B platform combining two major industry gatherings: the Auto Parts and Vehicles Expo Philippines (APVE Expo 2026) and the Philippine Die and Mould Machineries and Equipment Exhibition (PDMEX 2026).
The government is stepping up its digital reform drive to make tax compliance faster, simpler, and less burdensome for the country’s biggest taxpayers, with the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) launching a centralized Taxpayer Portal for firms under the Large Taxpayers Service (LTS).
The Energy Regulatory Commission (ERC) is pushing for critical updates to Philippine power market rules and systems, aiming to fix current gaps and adapt to modern energy needs. The proposed changes carry major policy weight, as they seek to make power supply more reliable, affordable, and responsive to changing conditions.
The Philippines’ drive to strengthen its domestic manufacturing base gained fresh momentum after Chinese steel giant Panhua Group Co., Ltd. expanded its planned investment in the country to USD3.5 billion, signaling rising foreign investor confidence in the local industrial sector.
Globe Telecom Inc. introduced a wide range of mobile, home, and enterprise solutions on Tuesday, designed to help Filipinos cope with economic challenges and rising expenses.