The Bangko Sentral ng Pilipinas (BSP) said Monday it has taken note of reports about a complaint to be filed against BSP Governor Eli Remolona Jr., but noted that he has yet to receive a copy and will respond through the proper legal forum once it is served. The BSP also stressed that central bank and the Anti-Money Laundering Council (AMLC) will continue carrying out their mandates in accordance with the law, guided by independence, professionalism, and due process.

Megaworld Corp., the listed property development arm of tycoon Andrew Tan, is expanding its footprint in northern Luzon with plans for a flagship beach club inside its 84-hectare, P15-billion Ilocandia Coastown, signaling a shift from simply selling seaside homes to curating an entire coastal lifestyle.

Union Bank of the Philippines, the country’s 9th largest lender by assets, reported a sharp rebound in earnings for the first quarter,  with net income more than doubling to P3.8 billion as core lending and digital-driven revenues offset market volatility.