BSP consults stakeholders on financial education roadmap
The Bangko Sentral ng Pilipinas is leading the development of a new National Strategy for Financial Education (NSFE) aimed at improving the financial health of Filipinos by helping them make better money decisions.
Apex profit surges, plans $300M copper project
Apex Mining Co. Inc. nearly doubled first-quarter earnings as soaring gold prices offset weaker production, while the listed miner unveiled an aggressive capital spending program anchored on a planned USD300-million copper project and the expansion of its Maco mine operations.
Alliance Select earnings hit by extended plant shutdown
Alliance Select Foods International Inc. swung deeper into the red in the first quarter as an extended plant shutdown, softer demand in key segments, and elevated operating costs weighed heavily on the seafood processor’s performance, prompting management to roll out cost and efficiency measures to stabilize operations.
Filinvest profit climbs despite slower GDP growth
Filinvest Development Corp, the listed investment holding company of the Gotianun Group, saw first-quarter net income rise by 8 percent, driven mainly by strong real estate sales and resilient banking operations. The conglomerate said it expects to sustain growth through 2026 despite rising inflation, slowing economic growth, and weaker contributions from its power business.
Lower spending slows retail, delays mall recovery
The Philippine retail sector continues to expand, but growth is easing as weaker consumer spending and global uncertainties slow mall recovery and reshape expansion plans.
