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Growth across all market segments push BDO income 28% higher in 2023

Banking & Insurance Context.ph Context.ph -
BDO Unibank Inc., the country’s largest lender, reported net income growing 28 percent in 2023 to P73.4 billion from only P57.1 billion in 2022, from growth across its core businesses. 

PSBank income up 23% in 2023

Banking & Insurance Context.ph Context.ph -
The Philippine Savings Bank, the thrift banking arm of the Metropolitan Bank and Trust Co. (Metrobank), on Monday reported a record-high net income of...

CAAP hopes to learn best practices from its Hong Kong counterpart

Transport & Logistics Context.ph Context.ph -
The Civil Aviation Authority of the Philippines (CAAP) is exploring a possible collaboration with its Hong Kong counterpart, the Civil Aviation Department (CAD), to increase the number of aircraft movement per hour at the Ninoy Aquino International Airport (NAIA). 

Telco launches affordable SIM starter pack

Transport & Logistics Context.ph Context.ph -
DITO Telecommunity, the country's fastest-growing telco, is making high-speed mobile data more accessible with their pocket-friendly SIM starter pack. 

A Brown raises P1.44B from sale of preferred shares to fund real estate projects

Corporate Context.ph Context.ph -
A Brown Co. Inc. said Monday its raised from the follow-on offering of preferred shares at total P1.44 billion, the largest capital-raising exercise of the listed company that holds investments in property development, agribusiness, utilities, and power generation.
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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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