Tag: Net Income

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BPI posts ₱16.6B net income in 1Q

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.

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Franchising seen resilient despite slower 2026 growth

Franchising in the Philippines is emerging as a strategic bright spot in 2026, even as industry expansion cools alongside a moderating economy, according to the Philippine Franchise Association.

DENZA targets PH SUV market with electrified duo

DENZA Philippines is stepping up its assault on the country’s crowded spirts utility vehicle (SUV) segment, rolling out two electrified models—the B5 and B8—in a bid to challenge gasoline-powered incumbents and capture a slice of the fast-growing market.

BSP declares end to rate cuts, signals steady borrowing costs ahead

The Bangko Sentral ng Pilipinas (BSP) has signaled that its interest rate easing cycle has come to an end, with Governor Eli Remolona saying the latest 25-basis-point adjustment will likely be the last.

Rockport Power, King Global partner to cut energy costs

Local electricity supplier Rockport Power Inc. has partnered with Filipino manufacturer King Global Sanitary Products to supply energy for its operations.

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