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Security Bank third-quarter net profit up 4%

Corporate Context.ph Context.ph -
Security Bank Corporation’s quarterly profits continued to improve, with Q3-2023 net profit increasing to P2.65 billion, up 4 percent quarter-on-quarter and up 15 percent year-on-year.

Recovery in consumer demand increases Cosco Capital income

Corporate Context.ph Context.ph -
Cosco Capital, Inc., the listed retail holding firm of billionaire Lucio Co, reported Friday a 4.8 percent growth in nine-month net income to P9.1 billion amid a steady recovery in consumer demand.

Consortium projects 4Q 2024 commercial operations of LRT-1 Cavite line extension

Transport & Logistics Context.ph Context.ph -
Light Rail Manila Corp. on Friday bared optimism the LRT-1 Cavite Extension Phase 1 Project will begin commercial operations by the last quarter of 2024 as scheduled.

PAL 9-month earnings lift 56% higher in 3Q

Corporate Context.ph Context.ph -
Philippine Airlines (PAL) on Friday reported net income rising 55.5 percent in the third quarter this year attributed to higher passenger traffic.

Higher Input, Marketing Costs Widen Alliance Select Net Loss

Corporate Context.ph Context.ph -
Alliance Select Foods International Inc. said Friday its consolidated net loss widened to USD867,000 in the first nine months, with revenue gains gobbled up by rising input, marketing and administrative costs, higher interest expenses, and foreign exchange losses.
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Strong El Niño effects seen worsening in 2027; gov’t steps up preparations

Economy 0
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

Context Dispatch 0
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

Energy & Mining 0
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

Energy & Mining 0
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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