The Bangko Sentral ng Pilipinas (BSP) has lowered its benchmark interest rate by 25 basis points to 5 percent, marking the central bank’s first rate cut of the year and signaling a shift toward a more accommodative monetary policy stance.
SMC Tollways Corp., a unit of San Miguel Corporation, reported a 3 percent increase in net income to ₱4.9 billion for the first half of 2025, up from ₱4.8 billion year-on-year.
The National Food Authority (NFA) on Thursday announced plans to auction up to 60,000 metric tons of aging rice stocks starting next month through October to prevent spoilage, free up storage space, and stabilize supply during a two-month rice import suspension.
Toyota Motor Philippines Corp. (TMP), a unit of GT Capital Holdings Inc., has been recognized as the top customs revenue contributor to the Bureau of Customs-Port of Batangas for the first half of 2025.