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Philex Mining 2022 net profit down on higher cost, lower mine output

Corporate Context.ph Context.ph -
Philex Mining Corp., the country’s largest gold and copper producer, said Monday net profit in 2022 dropped 26 percent year-on-year to P1.8 billion, hurt...

AREIT 2022 net profit rise to P2.9B despite higher interest rates

Corporate Context.ph Context.ph -
AREIT, Inc., the real estate investment trust of the Ayala Group, posted a full-year net income P2.9 billion for 2022, up 32 percent from...

BDO more than doubles quarterly cash dividend; 2022 net profit up 33% 

Corporate Context.ph Context.ph -
BOO Unibank Inc., the Philippines’ largest bank by assets, revised its dividend policy and raised its quarterly dividend substantially to P0.75 a share, starting...

Network begins television broadcast in widescreen format

Communications & Technology Context.ph Context.ph -
GMA Network Inc. has invested P139 million to upgrade its traditional screen format to widescreen format starting today.  “Recognizing that a majority of TV homes...

NGCP warns of possible post-Lent outages given thinning power reserves

Energy & Mining Context.ph Context.ph -
The National Grid Corporation of the Philippines (NGCP) appealed for policy makers quickly to adopt demand-side management strategies helping mitigate or avert power supply issues as the cool Christmas climes transition to the hot summer months up ahead.
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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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