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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Meralco August rates seen lower on ERC-approved refund

Energy & Mining 0
Manila Electric Co. (Meralco) announced Sunday that electricity rates in its service area will likely decrease this August, ahead of the official rate adjustment set to be released on August 10. The company said a newly approved refund from the Energy Regulatory Commission (ERC) will be enough to cover other upward adjustments in monthly bills.

SEC defends term limits for PSE broker-directors

Corporate 0
The Securities and Exchange Commission (SEC) has stood by its decision to set term limits for broker-directors of the Philippine Stock Exchange (PSE). Under SEC Memorandum Circular No. 17, these directors may serve a maximum of 10 years in total at any exchange.

Fuel prices set for major rollback, offering much-needed relief to households and businesses

Energy & Mining 0
Ordinary consumers and business owners can look forward to substantial savings at the pump this week as local oil companies prepare to roll back pump prices for both gasoline and diesel by as much as P5.00 per liter. The upcoming reduction marks another consecutive week of price cuts, delivering direct financial relief to households managing tight budgets and enterprises battling heavy operating costs.

Gov’t revives P90B Parañaque spillway project to transform Laguna de Bay

Agriculture 0
The government is pushing forward the long-delayed Parañaque Spillway Project, a proposed P90-billion infrastructure initiative that aims to do more than just control flooding by turning Laguna de Bay into a more productive fishing ground and a reliable freshwater source for Metro Manila and nearby provinces.

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