The Department of Transportation (DOTr) has officially granted the “Modern PUV Class 1” certification to the Toyota Tamaraw, a milestone in the Philippines’ public utility vehicle modernization program, Toyota Motor Philippines Corp. (TMP) president Masando Hashimoto announced.
Universal Robina Corp. reported a 2 percent drop in net income for the first quarter to P3.97 billion from P4.05 billion a year earlier, despite higher sales driven by strong demand across its food businesses.
EastWest Banking Corporation reported a net income of P1.9 billion in the first quarter of 2026, supported by growth in its core banking businesses despite challenging economic and geopolitical conditions.
The Makati Business Club (MBC) is calling for urgent reforms and stronger transparency following the release of the latest GDP figures, which highlight growing economic pressures such as rising oil prices, global uncertainties, and corruption concerns that weaken public trust and limit productive government spending.