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Friday, 01 August 2025, 10:39 am

    Tag: Construction

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    IMI sells Czech subsidiary to Keboda Group

    Corporate 0
    Integrated Micro-Electronics, Inc. said it has completed the sale of its wholly-owned unit Integrated Micro-Electronics Czech Republic s.r.o. to Keboda Deutschland GmbH & Co. KG. The deal valued the  Czech unit at EUR10.03 million, an amount subject to post-closing adjustment.

    Metrobank 1H net profit rises 5% to P24.8B

    Banking & Insurance 0
    Metropolitan Bank & Trust Co. (Metrobank) reported a 5 percent growth in net income of P24.8 billion in the first half of 2025, driven by strong loan growth, rising margins, and higher trading gains. 

    Insurer clinches top honor at 2024 Insurance Asia Awards

    Corporate Bulletins 0
    The Insurance Asia Awards has once again named Insular Life (InLife) as Domestic Life Insurer of the Year – Philippines, marking the company’s ninth win in the category.

    Insurer reaffirms trust with P2.3B in benefit payouts

    Banking & Insurance 0
    Life insurer Pru Life UK reported disbursing more than P2.3 billion in benefit payouts in 2024, including P1.2 billion in death benefits and P1.052 billion in living benefits, reflecting the company’s financial strength and growing role in safeguarding over two million Filipino policyholders.

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    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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    PXP boosts stake in Forum Energy assets

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    PXP Energy Corp., the listed oil and gas exploration firm of the MVP Group, said Friday it has raised its stake in FEC Resources Inc. to 81.25 percent from 78.39 percent by converting USD1.16 million in loans into 131.6 million new shares.
    Corporate

    IMI sells Czech subsidiary to Keboda Group

    0
    Integrated Micro-Electronics, Inc. said it has completed the sale of its wholly-owned unit Integrated Micro-Electronics Czech Republic s.r.o. to Keboda Deutschland GmbH & Co. KG. The deal valued the  Czech unit at EUR10.03 million, an amount subject to post-closing adjustment.
    Banking & Insurance

    Metrobank 1H net profit rises 5% to P24.8B

    0
    Metropolitan Bank & Trust Co. (Metrobank) reported a 5 percent growth in net income of P24.8 billion in the first half of 2025, driven by strong loan growth, rising margins, and higher trading gains. 
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