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 Philippine government has carved out a crucial exemption for socialized housing projects, allowing them to proceed with land-use reclassification despite an existing moratorium designed to protect agricultural land.
The Department of Trade and Industry (DTI) has sounded the alarm over a surge of uncertified and substandard products being sold across major e-commerce platforms, warning that the trend threatens consumer safety and erodes confidence in the country’s rapidly expanding digital marketplace.