The Bank of the Philippine Islands (BPI) reported a net income of ₱16.6 billion for the first quarter as strong revenue growth offset increased operating expenses and provisions for credit losses.
Local motorists should brace for a hefty increase in fuel prices this week, with diesel prices projected to surge by as much as P10.50 per liter and gasoline by up to P4 per liter. Jetti Petroleum President Leo Bellas confirmed that these steep upward adjustments reflect a full five-day trading period in the global market, alongside foreign exchange averages, rising cargo premiums, and local industry recovery efforts. While gasoline is expected to climb between P3.50 and P4 per liter, diesel will see a minimum hike of P10 per liter. No price outlook was provided for kerosene.
Grand Union Supermarket Inc., which runs the South Supermarket chain, has completed solar carport projects at two of its branches in Malolos, Bulacan and Los Baños, Laguna in partnership with First Gen Group. The facilities, finished and activated in late May 2026, mark First Gen’s first ground-up solar carport developments, coming about one year after construction began and one and a half years following the agreement signed by both sides in January 2025.
Philippine Airlines is working to bring back flights to India, more than seven years after putting the plan on hold in 2019 because of airspace tensions between India and Pakistan.