MRSGI 1Q profit nearly doubles on strong food retail sales
Metro Retail Stores Group Inc. (MRSGI), the retail company led by the Gaisano family, reported that its net income nearly doubled in the first quarter of the year to P25.84 million from P13.38 million a year earlier, driven mainly by strong performance in its food retail business.
SteelAsia secures P1.25B loan for green expansion
SteelAsia Manufacturing Corporation has secured a P1.25-billion green loan from Taiwan-based Cathay United Bank, boosting the Philippine steelmaker’s low-carbon expansion plans and reinforcing regional sustainable finance momentum.
Senate starts trial of VP Duterte
Senators on Monday took their oath as judges to begin the impeachment trial of Vice President Sara Duterte, pledging “to do impartial justice according to the Constitution and laws of the Philippines.” Duterte, impeached last week by the House, faces charges including constitutional violations, graft, unexplained wealth, and allegedly plotting to assassinate President Ferdinand Marcos Jr. A Senate summons requires her to respond within 10 calendar days and later appear for the trial. Conviction will need 16 senators’ votes.
Marcos orders rapid fix for Luzon power grid
President Ferdinand R. Marcos Jr. has ordered an urgent restoration of key transmission lines after recent power disruptions hit multiple areas across Luzon.
Following the...
EastWest launches pioneering employee PERA program bossting retirement savings
East West Banking Corporation has launched a voluntary Personal Equity and Retirement Account (PERA) contribution program for employees, allowing them to save and invest more conveniently through accredited PERA products.
