Jollibee Foods Corp. continued its steady expansion both locally and abroad, driving an 18 percent rise in net income to P10.32 billion last year. The growth keeps the company on track to meet its five-year goal of tripling net profit to P26 billion by 2028.
The Philippine Biodiesel Association (TPBA) is urging the government to weigh the full benefits of biofuels as lawmakers deliberate on House Bill 4151, or the Murang Langis Act, which would allow the President to suspend the mandated coco-biodiesel blend when blended diesel becomes at least five percent more expensive than pure diesel. The group said it recognizes the bill’s intention to protect consumers but stressed the need to assess its broader effects on motorists, farmers, and public health.
The various fuel retailers expect mixed pump price movements this week, with gasoline set for a slight rollback and diesel and kerosene poised to rise.
The Bank of the Philippine Islands and BPI/MS Insurance Corp. have introduced BPI Kaya Care Critical Illness Insurance, a low-cost plan designed to give Filipinos easier access to protection against major health threats.