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VP tax, bank records submitted to impeachment court

Several major Philippine banks have complied with the Senate Impeachment Court's subpoena for bank records linked to Vice President Sara Duterte, marking a significant step in gathering documentary evidence for the proceedings. Senator and Impeachment Court presiding officer Francis Escudero said Bank of the Philippine Islands, Philippine Savings Bank, Metropolitan Bank & Trust Co., Security Bank, Land Bank of the Philippines, and BDO Unibank submitted the required documents, although BDO and Security Bank requested additional time to complete their submissions. Escudero also said the Bureau of Internal Revenue turned over Duterte's tax records after obtaining presidential clearance, expanding the evidence now before the court.

ICTSI Q2 profit climbs on port expansion

International Container Terminal Services Inc. (ICTSI) sustained its growth momentum in the second quarter as newly acquired terminals and resilient cargo demand helped cushion...

ABI pushes expanded milk feeding to boost child nutrition

ABI Pascual Foods Inc. is urging the government to expand school milk feeding programs, saying wider access to dairy could help close persistent nutrition...

Philippines can reach high-income status by 2053, World Bank

The Philippines could join the ranks of high-income economies by 2053, but only if it shifts from an investment-led growth model to one driven...

Ayala Land secures spot in S&P sustainability yearbook 

Ayala Land Inc. (ALI) has earned a place in the 2026 S&P Global Sustainability Yearbook, joining a select group of companies recognized for strong...

Just in

RCEP opens wider Asian market but Filipino goods must earn their place on foreign shelves

The Regional Comprehensive Economic Partnership or RCEP unlocks a huge regional market for Filipino products, but local makers and sellers must meet higher standards to succeed, business leaders said September 29 at the RCEP Business and Investment Summit.

Security Bank reshuffles leadership as retail chief exits

Security Bank Corp. is reshuffling its senior leadership ahead of 2027, while president and chief executive officer Victor Lee takes interim control of retail banking following the planned departure of segment head Rahul Rasal.

Telcos vow cooperation with NTC over service crackdown, even as they cite independent performance ratings 

The country’s three major mobile network operators have pledged to work with the National Telecommunications Commission (NTC) following the regulator’s September 24 show-cause order, which threaten daily fines of P100,000 each over persistent poor mobile broadband services in key parts of Metro Manila.

Alternergy raises P2B in maiden notes issue

Alternergy Holdings Corp. has raised P2 billion from its maiden fixed-rate notes issuance, tapping the Philippine debt capital market to fund the next phase of its renewable energy expansion.
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