Corporate

The Securities and Exchange Commission (SEC) has intensified its enforcement against illegal lending practices, revoking the corporate registration and secondary license of Convenience Cash Lending Corp. for employing abusive debt collection methods, in a move that underscores its commitment to consumer protection.

Robinsons Retail Holdings Inc. (RRHI), led by the Gokongwei Group, is venturing into the motorcycle retail business with the acquisition of Premiumbikes Corp., a company owned by JG Summit Holdings chairman Lance Y. Gokongwei.

PLDT Enterprise is accelerating the adoption of 5G Mobile Private Networks (MPN) in the Philippines, positioning itself as the preferred partner for enterprise-grade, future-ready connectivity. As businesses undergo digital transformation, PLDT’s robust 5G MPN solutions offer ultra-reliable, low-latency, and secure connectivity tailored for mission-critical applications across key sectors such as banking, retail, manufacturing, and the public sector.

UnionBank of the Philippines, the country’s 10th largest lender by assets, said it maintained its strong topline momentum in the first half, reporting total revenues of P39.7 billion, a 9.2 percent increase year-on-year. The growth was largely driven by higher net interest income and an expanded fee-income base, reflecting the bank’s solid performance across key areas.

Philippine National Bank, the country’s 8th lender by assets, posted a net income of P12.5 billion for the first half, a 22 percent increase driven by sustained improvements in core revenues. The revenue gains were primarily fueled by net interest income and net service fees and commissions.