Aboitiz-led Union Bank of the Philippines (UnionBank) reported a 167-percent surge in net income to ₱3.8 billion in the first quarter of 2026 despite some trading losses arising from market volatility associated with the Iran conflict. The bank noted that it continued the momentum that started in...
Aboitiz-led Union Bank of the Philippines (UnionBank) is unfazed by the ongoing crisis spawned by the Iran war and is confident it will continue to deliver sustainable growth this year. “We entered 2026 on solid foundations with a clear focus on sustainable growth and improved shareholder...
BRUSSELS (AP) — The European Union on Thursday approved a 90-billion-euro ($106-billion) loan package to help Ukraine meet its economic and military needs for two years after oil began flowing through a key pipeline to Hungary and Slovakia, ending months of political deadlock. The EU also...
BRUSSELS (AP) — European Union envoys gathered on Wednesday with the majority cautiously optimistic that a massive loan to help meet Ukraine 's military and financial needs for the next two years may soon be approved after months of deadlock. At a meeting in Brussels, the envoys assessed...
MALASIQUI, Pangasinan - Some 8,000 farmers, fisherfolk, and tricycle drivers from two towns in La Union received cash assistance from their local governments as part of the fuel subsidy program to help cushion the impact of the oil price hike among vulnerable sectors. In Agoo, a total of 3,012...
Finance Secretary Frederick D. Go has called for stronger ties between the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) to expand financing access for small businesses across the region. “Given the EU’s expertise in digital and sustainable finance, Go called for...
Net inflows of brick-and-mortar foreign direct investments (FDI) in the Philippines fell to $443 million in January from $729 million a year ago, as rising geopolitical risks weighed on investor sentiment at the start of the year. This marks the lowest level in four months since the $316 million...
The Department of Trade and Industry (DTI) has urged local exporters to begin testing their food products for mineral oil aromatic hydrocarbons (MOAH), warning that a proposed European Union (EU) policy could block their entry into the region. In a statement, the DTI notified food exporters of a...
President Marcos’ declaration of a state of national energy emergency was a timely preemptive strike against volatile global crude markets rather than a delayed reaction, according to private sector economists, who warned that Filipino consumers must still prepare for a prolonged period of...
AGOO, La Union – A man was arrested for allegedly fleeing the site of a fender bender in Barangay Quinavite, Bauang, La Union on Saturday morning, March 14. Harvin G. Bausing, 30, a member of the Philippine Coast Guard and resident of Barangay Poro, City of San Fernando, La Union, was driving a...
SAN FERNANDO CITY, La Union – The provincial government of La Union is implementing a four-day work week in all offices beginning Monday, March 9. The temporary schedule to conserve energy due to the Middle East conflict complies with Malacañang Memorandum Circular No. 114 and Executive Order...
Aboitiz Equity Ventures Inc. reported that consolidated core net income remained unchanged at ₱25.5 billion for last year, as growth in its food and beverage segments offset earnings drag from its power generation arm. In a disclosure to the Philippine Stock Exchange, the diversified investment...
