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.
Cebu Pacific, the Hotel, Resort, and Restaurant Association of Cebu Inc. (HRRACI), and the Department of Tourism (DOT) have sealed a new partnership designed to supercharge Cebu’s visitor arrivals through flight incentives and bundled stay packages.
Spain’s Galician Naval Cluster (ACLUNAGA) is eyeing deeper cooperation with the Philippines in shipbuilding, maritime engineering, and industrial modernization as it advances its Southeast Asia business mission.
The Philippines is tightening the screws on sellers of fake automotive parts, as the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Intellectual Property Office of the Philippines (IPOPHL) sign a new memorandum of understanding aimed at purging counterfeit auto products from major e-commerce platforms.
Globe Telecom is strengthening digital access in Basilan, Sulu, and Tawi-Tawi through a major network upgrade led by a new 48-core, 175-km submarine cable linking Zamboanga, Isabela City, and Sulu.