Top News
BPI posted record high P51.7B net income in 2023
The Bank of the Philippine Islands, the country’s fourth largest lender by assets, said Friday it recorded in 2023 its highest full-year net income of P51.7 billion, up 31 percent from the previous year, driven by record revenue and lower provisions that offset the increase in operating expenses.
Competition agency clears Aboitiz Equity acquisition of Coca-Cola Bottlers
The Philippine Competition Commission has given the green light for Aboitiz Equity Ventures Inc. to proceed with the acquisition of beverage maker Coca-Cola Beverages Philippines Inc.
January inflation seen easing further to 3.6%
Above-target inflation averaging 6 percent in 2023 is forecast in January this year to have averaged no more than 3.6 percent, the Bangko Sentral ng Pilipinas said on Wednesday.
Economic Planning chief says political bickering needs to be resolved “soonest”
Economic Planning Secretary Arsenio Balisacan said Wednesday the political bickering sparked by efforts to revise the 1987 Constitution could undermine the economy, whose growth prospects this year are already under threat from El Nino and global geopolitical risks.
GDP expansion disappoints government at only 5.6% in 2023
The country's continued economic expansion in 2023, measured as the gross domestic product (GDP), eased sharply to only 5.6 percent in the final quarter and came even lower than the revised output expansion of 6 percent in the third quarter.
