URC 1H net income rises 10% on strong 2Q recovery
Universal Robina Corp. (URC), the food business of the Gokongwei group, reported Thursday that its net income for the first half ending June reached P6.91 billion, a 10 percent increase from the P6.27 billion recorded in the same period last year. Total revenues for the six-month period also rose 4 percent to P89.33 billion from P85.88 billion a year earlier.
Spot power prices drop 13% in July, lower utility bills expected
Electricity prices at the Wholesale Electricity Spot Market (WESM) fell by 13.1 percent nationwide in July, driven by lower overall demand across the country. According to data released by the Independent Electricity Market Operator of the Philippines (IEMOP) during an online briefing, the national spot price dropped to an averaged P8.31 per kilowatt-hour (kWh) as of July 25, down from P9.56 per kWh in June.
Cebu Pacific swings to P5.9-B H1 loss on high fuel costs, forex hits
Cebu Pacific posted a net loss of P5.9 billion in the first half of the year, a sharp reversal from the P8.9-billion net profit recorded in the same period last year, due to surging fuel prices and foreign exchange losses.
PSAC urges AI task force to prepare future workforce
The Private Sector Advisory Council (PSAC) is urging the government to fast-track the country's artificial intelligence agenda, proposing a national task force and education reforms designed to equip Filipino workers for an economy increasingly shaped by AI and advanced technologies.
STI Holdings makes Forbes Asia 2026 ‘Best Under A Billion’ list
STI Education Systems Holdings, Inc. has been included in Forbes Asia’s 2026 “Best Under A Billion” roster, one of only seven Philippine firms to earn the spot this year. The annual list recognizes 200 top-performing small and mid-sized public companies across the Asia-Pacific with annual revenue under $1 billion and consistent growth.
