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Puregold net income rises 13% on strong sari-sari store base 

Corporate Context.ph Context.ph -
Puregold Price Club Inc., the grocery chain operator led by businessman Lucio Co, on Tuesday reported net income in 2022 growing 13 percent to P9.3 billion from previous year’s P8.18 billion, mainly on higher sales from its growing chain.

Passenger recovery allows Cebu Pacific to narrow 2022 loss

Transport & Logistics Context.ph Context.ph -
Cebu Pacific reported a narrower 43.78 percent drop in losses last year as its passenger service continued to recover.  The Gokongwei-led airline said net loss...

Land Bank bats for banking supremacy

Banking & Insurance Context.ph Context.ph -
Land Bank of the Philippines may overtake the Sy-led BDO Unibank Inc. as the country’s largest bank after President Marcos approved the proposed merger of the two state-owner lenders.

FLI 2022 income falls 24% 

Corporate Context.ph Context.ph -
Filinvest Land Inc., the property development arm of the Gotianun group, reported net income falling 24 percent last year to P2.89 billion from P3.8...

RCBC selling real estate subsidiaries to FLI

Corporate Context.ph Context.ph -
Rizal Commercial Banking Corp. of the Yuchengco Group of Companies is disposing its wholly-owned real estate subsidiaries to Gotianun-led Filinvest Land Inc. (FLI). The listed...
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BIR sets year-end deadline for e-invoicing compliance

Economy 0
Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.

Philippine-EU trade deal key as GSP+ exit nears

Trade & Investments 0
The Philippines is pushing for a free trade agreement (FTA) with the European Union to protect preferential market access and shield exporters from higher tariffs as the country moves closer to losing eligibility for the EU’s Generalized Scheme of Preferences Plus (GSP+).

UK seeks immediate trade gains with Philippines

Trade & Investments 0
The United Kingdom is seeking to deepen trade and investment ties with the Philippines without waiting for Manila’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signaling a parallel approach to bilateral and regional economic integration.

Taiwan firm brings robotics manufacturing to Batangas

Communications & Technology 0
Taiwan-based CQS Precision Die Casting Inc. is expanding into the Philippines with a new manufacturing facility in Batangas, adding robotics production to the industrial mix at LIMA Estate.
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