BSP Approves of Rural Bank Mergers

The consolidation of two rural banks received the approval of the Bangko Sentral ng Pilipinas. Both banks are in Mindanao. The merger takes place in the midst of efforts to …

SBMA Reports Profit of P1.1 Billion Pre-Tax

The Subic Bay Metropolitan Authority (SBMA) posted the previous year’s pre-tax earnings. It amounted to a total of Php 1.1 Billion. This was after it incurred an increase in foreign …

Denny’s and Texas Roadhouse to Open in Manila

The Bistro Group is set to bring three more dining brands into the Philippines. These brands include Denny’s and Texas Roadhouse. The entry of such American establishments will give the …

Adult Diaper Market Takes Off

American personal care company, Kimberly-Clark Corporation, has new target customer for their latest diaper line, and they’re not babies nor grandparents. The Depend Silhouette line is a disposable incontinence brief …

BDO Nets Record Php25.1 Billion

BDO Unibank, Inc. grew its net income last year by a tenth. It has reached an all-time high of Php 25.055 billion in the midst of robust growth in all …

Tesla Applies for a Michigan Dealership License

Tesla, the upstart EV automaker, has applied for a Michigan dealership license. Their usual practice of selling cars nationwide in company-run showrooms directly to the customers–which circumvents the dealership model–a …