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 Energy (DOE) expects more private companies to invest in rooftop solar after SM Prime Holdings reached 100 megawatts (MW) of installed capacity across its properties.
The Securities and Exchange Commission (SEC) has released a draft rule that would raise the audit threshold for corporations to more than P3 million in total assets or liabilities. The proposal aims to cut compliance costs for micro, small, and medium enterprises.
The Philippines is pushing a four-year plan to modernize its agriculture sector, focusing on better infrastructure, logistics, and irrigation, according to Agriculture Assistant Secretary Arnel De Mesa at the “Canada-in-Asia: Momentum Manila” event. Speaking on behalf of Agriculture Secretary Francisco Tiu Laurel Jr., De Mesa said reducing post-harvest losses is central to improving productivity and food security.