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.
President Ferdinand Marcos Jr.’s anti-corruption blitz in flood-control and public-works agencies was meant to clean house. Instead, it is triggering political, economic, and social tremors that now overshadow its stated purpose. The irony is hard to ignore: a campaign launched to restore trust is increasingly viewed as deepening uncertainty.
Oracle Corp. shares tumbled 11 percent on Thursday after the company reported earnings that intensified investor worries about the rising debt behind the industry’s race to build AI data centers.
The Board of Investments (BOI) has cleared P26.43 billion worth of fresh investments, giving the government’s industry roadmap a solid boost as it pushes for growth across services, manufacturing, housing, and clean energy.