Asiabest Group board approves valuation for target acquisitions
Listed firm Asiabest Group International, Inc. (ABG) has approved the valuation of three companies it plans to acquire as part of its expansion program.
Banks post steady growth, solid profits — BSP
The Bangko Sentral ng Pilipinas (BSP) said the country’s banking sector remained strong and stable in the first half of 2025, backed by steady asset growth and solid profits.
Gold price rally drives 68% income rise for OGP
OceanaGold (Philippines) Inc. (OGP) reported a 67.8 percent surge in net income for the first nine months of 2025, reaching $49 million from $29.2 million a year earlier, driven by record-high gold prices.
Gov’t eyes nuclear in power mix by 2032
The Department of Energy (DOE) has reaffirmed the target to integrate nuclear power into the country's energy mix by 2032, while advancing renewable energy (RE) development through more than 10,000 megawatts (MW) of new capacities under the fourth round of the Green Energy Auction (GEA 4).
Philippine economy expands at a slower 4% in 3Q
The Philippine economy expanded 4.0 percent in the third quarter, its slowest pace since the COVID-19 pandemic, as household and government spending were weighed down by bad weather and a high-profile corruption probe into public works projects, the Philippine Statistics Authority reported Thursday.
