Corporate
Fraud costs businesses P4 trillion
Fraud continues to take a major toll on Philippine businesses, costing companies the equivalent of 6 percent of their annual revenues, or about P4 trillion, over the past year, according to TransUnion’s H2 2025 Top Fraud Trends Report. While slightly below the global average of 7.7 percent, the figure underscores the heavy financial strain fraud places on organizations across the country.
Security Bank opens new branch in Kawit, Cavite
Security Bank has opened its newest branch in Kawit, Cavite — its 363rd branch nationwide and 12th in the province — as part of its goal to make banking more accessible outside Metro Manila.
SMPC net income falls 37% despite record coal and power output
Semirara Mining and Power Corp. (SMPC) reported a 37 percent drop in net income to P9.9 billion for the first nine months of 2025, down from P15.7 billion in the same period last year, citing lower coal and electricity prices despite record-high production and sales.
Meralco upgrades Laguna Substation to boost power reliability
The Manila Electric Co. (Meralco) has completed upgrades to its Calamba 230 kV-115 kV substation to improve electricity reliability for parts of Laguna and Batangas.
PNB and PAL renew co-brand partnership
The Philippine National Bank, a subsidiary of LT Group, Inc., and the Philippine Airlines (PAL), under PAL Holdings, Inc., have renewed their co-brand partnership to strengthen their collaboration in providing improved travel and financial services for Filipinos.
