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Meralco 2022 net profit of P28.4B up 21%; declares cash dividend

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Manila Electric Co., the country’s largest power distributor, said Monday net profit in 2022 rose 21 percent on year to P28.4 billion, bolstered by higher electricity sales.

Oil firms roll back petroleum prices

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After a mixed bag of price adjustments just last week, the various oil retailers are set on a price rollback beginning tomorrow, Tuesday. Seaoil and Caltex ease the...

GSIS formalizes performance commitment pact with GCG

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State pension fund Government Service Insurance System (GSIS) and the Governance Commission for Government-Owned and Controlled Corporations (GCG) have signed and sealed the GSIS...

RE firm attracts strategic suitors to its wind farm project in Batangas

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Basic Energy Corp. (BEC) subsidiary, Mabini Energy Corp. (MEC), has attracted a number of entities seeking to partner at the on-going development of a 50 megawatt (MW) wind project in Mabini, Batangas.

Smart legal, tax teams already in talks with Makati City Hall; assures uninterrupted services

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Smart Communications Inc. said its legal and tax teams are in talks with the Makati City local government over an alleged P3.2 billion tax...
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Mitsubishi Corp raises Ayala stake to 15% in P44.5-billion deal

Corporate 0
Japan’s Mitsubishi Corp. has expanded its investment in Ayala Corp. through a share purchase valued at roughly P44.5 billion, lifting its economic ownership from 4.7 percent to 15 percent and its voting interest to 20 percent, at an agreed price of P650 per common share.

Serial fuel price hikes hit households and businesses: adjustments staggered

Energy & Mining 0
Major fuel firms are rolling out another round of steep price rises, marking the third consecutive week of big adjustments and prompting companies to split the increases across two days to soften immediate impact.

PH launches school milk program; 4.6 million learners to benefit

Agriculture 0
The Philippine government launched the milk component of the 2026 School-Based Feeding Program at Quirino Elementary School in Quezon City on Monday, bringing locally produced milk to about 4.6 million learners nationwide while building a reliable market for Filipino dairy farmers.

Data-driven lending seen widening credit access for small entrepreneurs

Banking & Insurance 0
Broader use of alternative data, coupled with risk-based regulation and stronger consumer safeguards, could help widen formal credit access for Filipino microentrepreneurs, according to digital lender Tala.
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