Universal Robina Corp., the listed food unit of the Gokongwei Group, posted modest revenue growth last year but saw profits ease as unusually high coffee input costs squeezed margins, highlighting how volatile commodity prices continue to challenge food manufacturers.
Generosity remains one of the Philippines' most durable assets, with new regional studies showing that the country's culture of giving continues to outshine many of its neighbors even as charities grapple with rising costs and growing social needs.
The P9.51 billion refund ordered for Manila Electric Co. (Meralco) customers will deliver reduced savings because the regulator has also approved a three-year cost recovery charge for the utility, the Energy Regulatory Commission (ERC) confirmed Monday.
The Bank of the Philippine Islands (BPI) celebrated its 175th anniversary on August 1, 2026, marking nearly two centuries of service and leadership in the country’s financial sector.