Business

by Itoh Son Another attraction is being enjoyed and flocked by tourists and visitors to the town of Tanauan, Batangas. During the Christmas Lighting, the largest ‘immersive theme park’ in the Philippines was featured. This is JCastle with 19 Exhibits and attractions offered by the Studio and Pope Castle. You can also get your fill of their own Blue Burger …

Security Bank Corp.’s net profit rose 7 percent year-on-year to ₱9.1 billion in the first nine months of 2025, fueled by robust loan growth, the bank reported in a disclosure to the Philippine Stock Exchange (PSE) on Friday. Total revenues jumped 22 percent to ₱48.8 billion by the end of September, while net loans increased 8 percent to ₱672 billion, …

The Bangko Sentral ng Pilipinas (BSP) on Friday warned that any text message containing links claiming to be from banks or e-money issuers is likely a scam. In a press release, the central bank clarified that legitimate financial institutions will never send links via SMS. Scammers use a tactic called “text hijacking,” inserting fake messages into legitimate threads to make …

The Philippine economy slowed in the third quarter of 2025, with GDP growth easing to 4 percent from 5.2 percent a year ago and 5.49 percent in the previous quarter, data from the Philippine Statistics Authority (PSA) showed.  The slowdown reflects the impact of recent weather disturbances and ongoing concerns over governance issues. BPI President Jose Teodoro Limcaoco described the …

LANDBANK achieved a significant 42% jump in net income to ₱35.65 billion as of the third quarter of 2025, already surpassing its full-year earnings of ₱35.36 billion in 2024, and underscoring the Bank’s robust financial trajectory and performance above historical averages. Total assets expanded to a record ₱3.45 trillion, supported by growth in loan and investment portfolios. This solidifies LANDBANK’s …

An international group of audit practitioners has named a senior executive of state-owned Development Bank of the Philippines (DBP) as “Chief Audit Executive of the Year”, citing his contributions in elevating the internal audit function in the government service. Senior Vice President Ryan R. Gabinete, head of DBP’s internal audit group, was recently conferred the honor by the Institute of …

San Miguel Corp. (SMC) has signed a memorandum of agreement with the provincial government of Laguna to expand its ongoing river cleanup and restoration to reduce flooding across the province. The agreement, signed by SMC Chairman and CEO Ramon S. Ang and Laguna Governor Marisol “Sol” Aragones, integrates SMC’s five-year-old Better Rivers PH initiative into Laguna’s flood-mitigation plan. Under the …

The Government Service Insurance System (GSIS) is now accepting applications for its emergency loan from active members and old-age and disability pensioners all over the country. This comes on the heels of President Ferdinand Marcos Jr.’s declaration of a nationwide state of calamity due to Typhoon Tino and in anticipation of Typhoon Uwan. “As our kababayans reel from the wide …

The Bureau of Internal Revenue (BIR) has filed tax evasion charges before the Department of Justice against three former officials of the Department of Public Works and Highways (DPWH) – Bulacan 1st District Engineering Office. Named respondents were former District Engineer Henry Alcantara, former Assistant District Engineer Brice Ericson Hernandez, and former Construction Section Chief Jaypee Mendoza. “We conducted a …

An official of publicly-listed D&L Industries Inc. expressed confidence that the company will achieve its 10 percent income growth target this year after posting an 8 percent increase in the first nine months, driven by strong volume expansion. In a media briefing last week, D&L Industries president and chief executive officer Alvin Lao said the company’s volume grew by 11 …