Tag: City Savings Bank (CitySavings)

New Malampaya wells with estimated reserves of 222 billion cubic feet have begun supplying natural gas to Luzon power plants, strengthening domestic energy security and potentially reducing the country’s exposure to volatile imported fuel prices.

D.M. Wenceslao and Associates, Inc. (DMW) closed the first nine months of 2026 with a net income of ₱1.25 billion, supported by steady earnings from its properties in Aseana City.

Philippine inflation accelerated to 7.8 percent in October from 7.2 percent in September, driven by sharply higher transport costs, rising housing and utility expenses, and persistent rice price increases that continued to squeeze household budgets despite some relief from slower food inflation.

OceanaGold (Philippines) Inc. grew its third-quarter net income by 5 percent to USD28.3 million as higher gold prices, improved by-product credits, and lower sustaining capital expenditures boosted margins and generated USD51.4 million in free cash flow at its Didipio gold-copper mine.