Tag: PNB

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PNB reports 22% profit growth in H1

Banking & Insurance Context.ph Context.ph -
Philippine National Bank, the country’s 8th lender by assets, posted a net income of P12.5 billion for the first half, a 22 percent increase driven by sustained improvements in core revenues. The revenue gains were primarily fueled by net interest income and net service fees and commissions. 

LT Group reports 14% rise in net income in 2024

Corporate Context.ph Context.ph -
The LT Group Inc., the holding company led by tycoon Lucio Tan, reported a 14 percent increase in attributable net income in 2024 reaching P28.92 billion, up from P25.42 billion in 2023. The performance was driven by strong contributions from its tobacco, banking, and alcohol segments.

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Gov’t greenlights $1-M aid to restructure LRT 1 PPP deal

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The national government has approved $1‑million in assistance to cover advisory work for planned changes to the concession deal governing operations and maintenance of the LRT‑1 Extension project, a move officials say aims to put the light rail line on firmer financial footing for hundreds of thousands of daily commuters.

MARINA suspends safety certificates after separate Cagayan, Bohol sea incidents 

Transport & Logistics 0
The Maritime Industry Authority (MARINA) has ordered the immediate suspension of safety certificates for two vessels following separate maritime incidents off Cagayan and Bohol last 31 October 2026, a move signalling tighter sea‑safety checks for passengers and sea travellers nationwide.

SEC urges manufacturers to tap capital markets for expansion

Markets 0
For Philippine manufacturers, the next factory may require more than retained earnings and a friendly bank. The Securities and Exchange Commission (SEC) is urging them to look beyond traditional financing and prepare to tap the capital markets as they scale up.

Japanese utility eyes solar projects for 10 PEZA locators

Energy & Mining 0
A Japanese power utility is sizing up a new Philippine market, and it is starting with something factories cannot do without: electricity.

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