Metropolitan Bank & Trust Co., the country’s fourth largest lender by assets, reported a net income of P12.3 billion for the first quarter, driven by strong loan growth, a robust performance in fee and trading income, and moderating cost increases.
GT Capital Holdings Inc. reported a consolidated net income of P28.8 billion for the full year 2024, slightly lower than P29.3 billion in the previous year.
However, excluding non-recurring gains from lot sales and incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program, GT Capital's core net income grew by 11 percent, driven by the record-breaking earnings of its key operating subsidiaries.
More than 15 automotive brands are showcasing electric vehicles (EVs) at the 14th Philippine Electric Vehicle Summit, underscoring growing competition in the local market as rising global oil prices sharpen the economic case for alternatives to imported fuel.
Alex Eala may have run out of answers against fellow southpaw Diana Shnaider in Ningbo, but her China campaign still delivered a little consolation: a one-place climb in the world rankings.
The Department of Agriculture (DA) has formally welcomed the support of budget monitoring group People’s Budget Coalition (PBC) in overseeing the implementation of the government’s farm-to-market road (FMR) projects, citing enhanced accountability, proper use of public funds, and stronger rural development as key benefits.
Rising temperatures and widespread dry spells caused by the ongoing El Niño have pushed initial agricultural losses in the Philippines to P8.57 billion, marking a nearly 25 percent increase from the P6.87 billion reported late last month.