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.
The Department of Agriculture (DA) is stepping up efforts to protect the Ifugao Rice Terraces, a UNESCO World Heritage Site, from threats including climate change, aging infrastructure, and shifting farming practices. Agriculture Secretary Francisco Tiu Laurel Jr. led an assessment visit to Banaue and Batad Rice Terraces over the weekend to review conditions and consult with local farmers and officials.
The Department of Transportation (DOTr) and the Provincial Government of Cebu have teamed up to introduce the Tabang Pangbyahe Program — the country’s first service contracting initiative led by a local government unit.
The National Telecommunications Commission (NTC) will proceed with the collection of around ₱3.8 billion in outstanding Supervision and Regulation Fees (SRF) from NOW Telecom Inc., following a final and executory Supreme Court ruling.