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31 August

HMO benefits, claims up 19% in first half – IC

Total healthcare benefits and claims paid out by health maintenance organizations (HMOs) rose by 19 percent to P36.29 billion in the first half of the year, the Insurance Commission (IC) reported last week. The figure was higher than the P30.33 billion in benefits and claims paid in the same period last year. Total expenses, including income tax, also grew by …

31 August

PhilRatings gives DoubleDragon bond offer top rating

Philippine Rating Services (PhilRatings) has assigned its highest rating of PRS Aaa to the planned bond issuance of up to P10.9 billion by DoubleDragon Corp. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, DoubleDragon said the bonds will carry a fixed interest rate of 7.7 percent with tenors of 3.5 years and 5.5 years. The offering is …

31 August

SEC reminds listed firms of disclosure duty after Global Ferronickel chair’s arrest

The Securities and Exchange Commission (SEC) last week reminded publicly listed companies of their obligation to disclose material information to investors following the arrest of Global Ferronickel Holdings Inc. chairman Joseph Sy at the Ninoy Aquino International Airport on Aug. 21 over alleged misrepresentation of citizenship. “Given Mr. Sy’s role as chairman of a publicly listed company, the SEC is …

31 August

Tanduay posts record H1 income on higher revenues, margins

Tanduay Distillers, Inc. (TDI), the liquor and spirits arm of LT Group, Inc. (LTG), posted its strongest first-half performance on record, with net income nearly doubling on higher revenues, improved margins, and market share gains. TDI reported a net income of P1.36 billion in the first half of 2025, up 91 percent from P712 million a year ago, according to …

31 August

DBP lends P815-M for mass housing project in Bulacan

The Development Bank of the Philippines (DBP) has extended a P815-million term loan to Bright Homes & Realty Corporation for the construction of three residential buildings in Sta. Maria, Bulacan. DBP President and Chief Executive Officer Michael de Jesus said Thursday the funding was granted under the bank’s Credit Facility for the 4PH Program (BAHAY-4PH), which supports the Marcos administration’s …

31 August

LandBank, DBP arrange P100-billion syndicated loan for PSALM

State-owned Land Bank of the Philippines (LandBank) will extend P60 billion to the Power Sector Assets and Liabilities Management Corporation (PSALM) to help advance the government’s energy sector reform program. In a statement last week, LandBank said the amount forms part of a P100-billion Syndicated Term Loan Facility for PSALM, with the remaining P40 billion to be provided by the …

31 August

BSP trims policy rate to 5% with fresh 25-bps cut

The Bangko Sentral ng Pilipinas (BSP) reduced its benchmark interest rate by another 25 basis points on Thursday, bringing the reverse repurchase rate to 5 percent. Rates on the overnight deposit and lending facilities were likewise lowered to 4.5 percent and 5.5 percent, respectively. The BSP has now cut policy rates by a cumulative 150 basis points since last year. …

31 August

Budget deficit eases in July as revenues outpace spending

The national government’s budget deficit eased in July as revenue growth outpaced spending, the Bureau of the Treasury (BTr) reported Thursday. The shortfall dropped 34.42 percent to P18.9 billion from P28.8 billion a year earlier, as total revenues rose 3.26 percent to P472.3 billion, driven mainly by higher tax collections. The Bureau of Internal Revenue (BIR) collected P335 billion, up …

30 August

Feast on Cultural Cuisines from Around the Globe at Solaire Resort North’s One-stop Food Court

Celebrating diverse flavors and cuisines from around the globe doesn’t have to be too intricate at the Solaire Resort North Food Court. Enjoy an indulgent line-up of cultural dishes from East to West with the rich and traditional comfort of Asian cuisines to the hearty goodness of Western classics. With ten stalls offering a wide range of culinary favorites, the …

29 August

Show people mourn, pay tribute to iconic filmmaker Mike de Leon

by Boy Villasanta The Philippine movie industry is once more in mourning with the passing of one of its beloved and respected denizens. Mike de Leon, a legendary filmmaker, died yesterday at 78. This was announced by Carlotta films and his family. De Leon, an award-winning director has given honors to the country by screening his no-nonsense films locally and …

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August, 2025