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RCBC net income lower as expenses rose faster

Rizal Commercial Banking Corp. said Tuesday net profit in the nine months declined to P9.03 billion from P10.06 billion in the year-earlier period, hurt by the faster growth in expenses.

Strong performance of various units drive earnings of San Miguel higher

San Miguel Corp., a diversified investment holding company, said Tuesday net profit in the nine months through September was almost 1.5 times higher at...

Treasury bill yields ease at auction as inflation slows; bids total P15B

The Bureau of the Treasury (BTr) awarded the entire P15 billion borrowing program for treasury bills at the auction on Monday as yield declined after inflation decelerated in October. 

‘I quit school to raise my eldest child’

Agriculture Secretary Francisco Tiu Laurel, Jr. on Monday set the record straight on his educational background amid erroneous reports claiming he is a graduate of the University of Santos Tomas (UST), saying he quit school to raise his eldest child.

Six bidders vie for 1,800 MW Meralco requires by December next year

Six power generation companies want a piece of the 1,800 megawatts of electricity that the Manila Electric Co. (Meralco) is sourcing under an ongoing competitive selection process or CSP.

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Strong El Niño effects seen worsening in 2027; gov’t steps up preparations

The Philippines is already experiencing a strong El Niño, but its impact could worsen in early 2027 as rainfall declines across more provinces, prompting the government to accelerate preparations for possible drought, water shortages and agricultural losses.

AMLC report cited in ill-gotten wealth charge in VP impeachment trial

A tabulation presented by the Anti-Money Laundering Council (AMLC) to the Senate, sitting as an impeachment court, showed covered and suspicious transactions involving Vice President Sara Duterte’s accounts from 2007 to 2025. The records reflected total inflows of P1.41 billion, outflows of P1.06 billion, and P1.26 billion in transactions with undetermined inflow or outflow. The report also showed inflows from China and other countries amounting to hundreds of millions of pesos involving Cale88 Foods Corp., owned by Duterte’s husband, Atty. Manases Carpio, with whom she has an absolute community of property. The AMLC report forms part of the prosecution’s evidence on alleged ill-gotten wealth, as prosecutors contend their salaries and business income are insufficient to explain their accumulated wealth.

Split fuel price adjustments hit pumps; diesel down, gasoline and kerosene up

The various fuel retailers are implementing mixed price adjustments at the pump this week, ending a brief period of across-the-board rollbacks.

Group pushes urgent backing for rooftop project across ASEAN

The Asian Photovoltaic Industry Association calls for stronger regional support for rooftop solar and energy storage as core to building more resilient, flexible power systems.
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