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Saturday, 16 August 2025, 7:42 pm

    Corporate

    Philippines gross gaming revenue climb 20% to P68.79B in 3Q–data 

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    The gaming industry generated gross gaming revenue of P68.79 billion in the third quarter, a 20 percent growth from the year-earlier period as improved...

    SEC warns against investing on Trade City-Mall

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    The Securities and Exchange Commission has warned against investing in Trade City-Mall which uses an online platform in a purported job offer but operates more like a Ponzi scheme. 

    Panlilio steps down as president and CEO at PLDT Inc.

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    PLDT Inc. on Tuesday announced the retirement of its president and chief executive effective 31 December this year due to health reasons.

    Manila Water subsidiary terminates supply contract with Cebu water district

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    Manila Water Co. Inc. said on Monday that its subsidiary, Cebu Manila Water Development Inc. (CMWD), has terminated its bulk water supply contract with Metro Cebu Water District (MCWD) beginning 1 December this year.

    Spotify to cut 1,500 employees in third layoff round this year

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    Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17 percent of its headcount, to bring down costs, after letting 600 of its staff go in January, and 200 more in June.
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    Context.ph

    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Corporate

    Abacore Capital reports 15% profit surge in 2024

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    Abacore Capital Holdings Inc. (PSE: ABA) reported a strong financial performance for 2024, with net income rising to ₱3.293 billion, up ₱429 million or nearly 15 percent from ₱2.864 billion in 2023. The company attributed this growth to a 35 percent increase in other income (₱3.458 billion), a reduction in administrative expenses to ₱155 million, and dividend income reaching ₱7.3 million.
    Banking & Insurance

    BSP unveils art exhibit on culture and capital

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    The Bangko Sentral ng Pilipinas (BSP), in collaboration with the National Museum of the Philippines (NMP), has launched “Kultura. Kapital. Kasalukuyan. Contemporary Art from the BSP Collection”, at the National Museum of Fine Arts in Manila.
    Corporate Bulletins

    Public-private pact powers Bacolod Rum Festival

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    The City Government of Bacolod and Tanduay Distillers Inc. have renewed their strategic partnership for the 5th Tanduay Bacolod Rum Festival, scheduled from 28 to 31 August, in alignment with the global observance of Rum Month.
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