Citystate Savings first-half earnings stable
CITYSTATE Savings Bank on Wednesday reported a net income of P1.19 billion for the first six months of 2026, broadly unchanged from the same period last year. The thrift bank said growth in its lending business helped offset the impact of global geopolitical uncertainties and a challenging economic environment. The stable performance was said to […]
MacroAsia breaks ground on new Clark maintenance facility
MACROASIA Corp., through associated company Lufthansa Technik Philippines Inc., has broken ground on a new aircraft base maintenance facility at Clark International Airport. In a statement on Thursday, MacroAsia said the new facility was targeted to commence operations in 2028, subject to the completion of construction, regulatory approvals and other customary project requirements. The Clark […]
BSP orders wider use of national ID
THE Bangko Sentral ng Pilipinas (BSP) is requiring most banks and financial institutions under its supervision to integrate with the Philippine Statistics Authority’s (PSA) National ID Authentication Services (Nidas) to strengthen customer verification. In a draft memorandum, the BSP said covered institutions must onboard with Nidas for customer due diligence (CDD), supporting wider use of […]
DICT wants P18B budget for 2027
THE Department of Information and Communications Technology (DICT) is seeking an P18-billion budget for 2027 to support the eGovPH superapp and expand the country’s digital infrastructure, with P2.7 billion earmarked for e-government programs. Information and Communications Technology Secretary Henry Aguda said the agency is prepared to defend the proposed budget at congressional deliberations. He noted […]
South Asialink loan releases hit P2.09B
NONBANK financial institution South Asialink Finance Corp. recorded P2.09 billion in loan releases from January to June, which it said demonstrated continued demand for accessible financing solutions. The company said on Thursday that monthly loan distributions consistently surpassed P300 million, mainly driven by its vehicle-backed refinancing line for cars and trucks. Releases for this loan […]
Can fair payment still be claimed today for a family land that had been taken for a government project decades ago?
Dear PAO, In the late 1990s, government engineers and surveyors came to our barangay to mark a portion of our private land for a government infrastructure project involving transformers/electricity. My father was only a farmer and did not resist. He believed that the government would pay him. Soon after, heavy equipment arrived. Posts and wires […]
DA agency sues agri trader for illegal fertilizer production
THE Fertilizer and Pesticide Authority (FPA) — an attached agency of the Department of Agriculture (DA) — has filed a criminal complaint against the owner of DQB Green Agricultural Products Trading for allegedly manufacturing regulated fertilizer products without a license. The lawsuit, filed before the Office of the Provincial Prosecutor, stemmed from an inspection of […]
DMCI launches One Fortis Plaza
DMCI Project Developers Inc. (DMCI-PDI), the real estate arm of listed DMCI Holdings, Inc., is expanding beyond residential projects with the launch of One Fortis Plaza, a 17-story office tower in Makati City that marks the company’s entry into the office development segment. The company said Thursday that the project would rise along Chino Roces […]
DoubleDragon: Hotel101 Madrid reviews top 5,000
DOUBLEDRAGON Corp. on Thursday said that its 680-room Hotel101 Madrid, Spain had surpassed 5,000 customer reviews on Booking.com less than five months after opening, with the property receiving a 9.1 rating out of a perfect 10 on the travel platform. In a disclosure, the property developer said the hotel, which opened in March, had also […]
DA welcomes record-high Q2 palay harvest
THE Department of Agriculture (DA) on Wednesday welcomed the record-high second-quarter (Q2) palay (unmilled rice) harvest reported by the Philippine Statistics Authority (PSA), saying the strong output gives the country more room to prepare for El Niño weather in the coming months. PSA data released on Tuesday showed palay production rose 5.7 percent year on […]