Garin: Middle East oil firms eye investing in PH
MANILA, Philippines — Industry players from the Middle East have signified interest in investing in the Philippines’ oil storage facilities, Energy Secretary Sharon Garin said on Thursday. “They’re willing to store their crude oil, for exam…
Finance chief counters ‘fake news’ on Pax Silica
MANILA, Philippines — Finance Secretary Frederick Go pushed back against “fake news” surrounding the Philippines’ planned participation in the Pax Silica initiative, citing the “once-in-a-lifetime” opportunity to establish a high-tech manuf…
PCIC allots P36m in payouts for farmers affected by flooding
MANILA, Philippines — The Philippine Crop Insurance Corp. (PCIC) will pay P36 million in insurance to help farmers affected by typhoons and heavy rain from the southwest monsoon, as the sector is facing challenges due to flooding. In a stat…
Investments lift dairy output 21% in first half—NDA
MANILA, Philippines — Sustained investments increased local dairy production by 21.2 percent to 25.38 million liters in the first six months of 2026, the National Dairy Authority (NDA) said. Citing data from the Philippine Statistics Author…
Security Bank H1 profit rises 4% to P6.1B
MANILA. Philippines — Security Bank Corp. grew its first-half net income by 4 percent, supported by stronger revenues and improved operating efficiency. In a disclosure on Friday, the Frederick Dy-led bank said it booked P6.1 billion in net…
Bloomberry swings to P470M H1 loss
MANILA, Philippines — Bloomberry Resorts Corp. reported a net loss in the first half of 2026 due to poor performance in its VIP and premium mass gaming segments. On Friday, Enrique Razon Jr.-led casino operator reported consolidated first-h…
Megawide H1 profit jumps 22% to P532M
MANILA, Philippines — Megawide Construction Corp. improved its first-half consolidated net income by 22 percent, putting the engineering and infrastructure firm closer to its full-year earnings target. On Friday, the Edgar Saavedra-led cons…
Alsons Consolidated Resources H1 income rises 31% to P1.7B
MANILA, Philippines — Alsons Consolidated Resources (ACR) posted a 31 percent jumped in first-semester profit to P1.7 billion from P1.3 billion on higher energy deliveries and growing retail electricity sales business. On Friday, the compan…
BDO steps up scam awareness drive for senior citizens
MANILA, Philippines — BDO Unibank is working harder to protect senior citizens from financial scams by expanding its fraud awareness campaign with help from community partners. The Sy-led bank’s foundation and Fraud Management Unit recently…
RRHI first-half profit falls 6.4% to P2.6B
MANILA, Philippines — Robinsons Retail Holdings Inc. (RRHI) reported a 6.4 percent drop in its first-half core net income as higher operating expenses and the Middle East conflict weighed on its performance. On Friday, the Gokongwei-led ret…
BSP to go easy on raising rates despite high inflation
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will take a less aggressive approach to raising interest rates as it weighs above-target inflation against an economy that is struggling to gain momentum, BSP Governor Eli Remolona…
Domestic travel beefed up CebuPac traffic
MANILA, Philippines — Cebu Pacific entered the lean travel season on a stable footing, recording a 4.7-percent increase in passenger traffic in July as stronger domestic demand offset a decline in international travel. The Gokongwei-led low…
New European partner to join Luzon corridor pact
MANILA, Philippines — Another European country is poised to enter the fold of the Luzon Economic Corridor (LEC), an initiative aimed at channeling more investments into the strategic growth belt spanning Metro Manila, Subic, Clark and Batan…
Filipinos turn more cautious on spending amid financial pressures
MANILA, Philippines — Filipino households are becoming more cautious with their spending as global and political uncertainties put renewed pressure on family budgets, prompting consumers to seek cheaper products and make do with smaller bas…
Forex losses weigh down on San Miguel six-month earnings
MANILA, Philippines — San Miguel Corp. (SMC) saw its first-half profit fall by nearly half as foreign exchange losses and the absence of a one-time gain booked last year weighed on its bottom line. On Friday, the conglomerate said consolida…
Slower growth slackened GT Capital H1 profit
MANILA, Philippines — GT Capital Holdings Inc. saw its consolidated net income decrease by 11 percent in the first half of 2026 as weaker economic activity weighed on some of its core businesses. On Friday, the Ty family-led conglomerate sa…
Property, gaming lift AGI earnings to P16B
MANILA, Philippines — Alliance Global Group Inc. (AGI) recorded a 3-percent growth in net income during the first half of 2026, supported by stronger recurring property income and improvements in its gaming and spirits businesses. AGI said …
Cosco bottom line rose 9.2% in January-June period
MANILA, Philippines — Cosco Capital Inc. grew its consolidated net income by 9.2 percent in the first half of 2026, thanks to stronger contributions from its grocery retail and liquor businesses. The retail holding firm said on Friday it bo…
Vivant seals P8.5-B loan for energy projects
MANILA, Philippines — Vivant Corp. is slated for an expansion in the energy market as it gets a fresh loan deal of up to P8.5 billion from BDO Unibank, Inc. The Cebu-based conglomerate said its subsidiary Vivant Energy Corp. signed on Frida…
PSE first-half profit up 20% to P608M
MANILA, Philippines — The Philippine Stock Exchange Inc. (PSE) grew its first-half profit by nearly 20 percent as increased trading activity lifted revenues across its businesses. On Friday, the local market operator reported its net income…