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Blackwater in command
With RK Ilagan and Troy Rosario leading a collective effort, the Bossing claimed the scalp of TNT, 87-76, to grab the PBA Philippine Cup lead yesterday at the Smart Araneta Coliseum......»»
Marcos eyes ease of restrictions for Grab, TNVS operators
Marcos also said that the Singapore-based ride-sharing company contributed to the decrease in unemployment and the 1.1% increase in employment in the “past year and a half.”.....»»
True love and tadhana: Ride-share driver shares how he married his pen pal
Grab Driver Danilo A. said that love letters were effective in courting his long-time pen pal who later became his wife. “Pen pal ko siya, hindi kami nag-meet until malapit na kaming ikasal.”.....»»
inDrive pauses operations to fix fare concerns
Ride-hailing giant inDrive, touted as the potential competitor of Grab Philippines, has suspended its operations in the country to address issues raised by the government regarding its fare system......»»
New ride-hailing app inDrive suspended due to fare-haggling system
Prior to the suspension order, inDrive was positioning itself to make a splash as a competitor to Grab. Now, its plans are on pause after the LTFRB questioned its fare-haggling system......»»
ARQ Builders grab eight straight wins in MPBA Season 2
CEBU CITY, Philippines — The ARQ Builders are one win away from sweeping the south conference elimination round after manhandling the Quadernos, 91-60, in the Mandaue’s Pride Basketball Association (MPBA) Season 2: Cebuano Cup on Sunday, January 14, at the CPA gymnasium. The ARQ Builders’ immaculate record is kept intact at 8-0 (win-loss) after beating.....»»
Burgers most ordered Grab food in 2023
Filipinos lessened their orders for sweet delicacies in favor of savory items as fast food staples dominated the list of most purchased products on GrabFood in the Philippines last year......»»
Metrobank profit rises by 14 percent to P12 billion in Q1
Earnings of Metropolitan Bank & Trust Co. went up by 14 percent to P12.1 billion in the first quarter from P10.6 billion in the same quarter last year, largely due to the consistent growth of its lending portfolio, better operational efficiencies as well as stable asset quality......»»
Meralco powers core income higher by 11 percent to P10.1 billion in Q1
Pangilinan-led power firm Manila Electric Co. reported a consolidated core net income of P10.1 billion in the first quarter, up by 11 percent from P9 billion in the same period last year......»»
SteelAsia secures P8.3 billion loan for Batangas steel mill
SteelAsia Manufacturing Corp. has obtained a loan amounting to P8.3 billion from the Government Service Insurance System (GSIS), the Development Bank of the Philippines (DBP) and Philippine Business Bank (PBB) to support the completion of its P18-billion steel section mill in Lemery, Batangas......»»
Philippine Bank of Communications profit climbs 16.3 percent to P1.9 billion in 2023
Lucio Co’s Philippine Bank of Communications (PBCom) grew its income by 16.3 percent to P1.9 billion in 2023 from P1.6 billion a year earlier, mainly due to higher operating income from better trading performance......»»
DA proposes over P500 billion budget for 2025
The Department of Agriculture (DA) is proposing a P513.81 billion budget next year, more than double its current allocation of P208.58 billion to improve the country’s food security......»»
BDO profit climbs to P18.5 billion in Q1
The net income of BDO Unibank Inc. rose by 12.2 percent to P18.5 billion in the first quarter from P16.5 billion in the same period last year on the back of sustained growth across its core businesses......»»
Apex Mining profit grows 2% to P3.4 billion
Razon-led Apex Mining Co. Inc. grew its net income by two percent to P3.41 billion in 2023 from P3.34 billion in 2022 on the back of higher revenue brought about by better metal prices......»»
PBB nets P1.82 billion in 2023
Philippine Business Bank posted a net income of P1.82 billion in 2023, up 39.1 percent or P513 million from the P1.31 billion recorded in 2022, the bank said in a disclosure to the Philippine Stock Exchange......»»
Milk tariff collections rise by 31% to P2.4 billion
Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022......»»
Boulevard Holdings sells 1.5-B shares to ownership group
Boulevard Holdings advised that its stockholders approved a measure to increase BHI’s authorized capital stock from 17 billion shares to 18.5 billion shares, and to sell the 1.5 billion shares to a company called Puerto Azul Landn Inc., which is also owned and controlled by the Panlilio family......»»
First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
Shell Pilipinas profit tumbles to P1.2 billion in 2023
The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»
The Wallenberg whirlwind trip
It may have been a quick three-day trip to the Philippines of a member of Sweden’s richest business family, but Mr. Marcus Wallenberg, chairman of both SEB, a leading North European financial group with a current market value of $30.61 billion (approximately P1.7 trillion) as of March 2024, and Saab, a prominent Swedish defense and security company with a market value of $10.36 billion (roughly P580.18 billion) as of the same period, managed to pack in several key meetings on his second day......»»