7 CIDG Men Fired Over P13M Cash Evidence Theft
Seven former CIDG personnel were dismissed for stealing P13 million from cash evidence seized from an illegal Pogo in Bataan. Lt. Col. Joey Arandia, the cash custodian, was among those fired.
Category : Corporate News
Elderly Woman Scammed of P75K Jewelry in Cebu
A 68-year-old woman lost P75,000 worth of jewelry after being tricked by a group that offered her a ride in Cebu City. The suspects took her rings, necklace, and earrings.
PSAC Hails PhilHealth YAKAP Program Progress
The PSAC Healthcare Sector welcomed PhilHealth's YAKAP and GAMOT programs, noting faster reimbursements, expanded coverage, and reduced financial burden for Filipino families.
Jollibee Q1 net income falls 38.8% on cost pressures
Jollibee Foods Corp. reported a 38.8% decline in first-quarter net income to P1.47 billion, as rising commodity and supply chain costs from Middle East tensions offset double-digit sales growth.
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Silent Tensions Undermine Family Businesses
Family businesses often fail not from dramatic crises but from unspoken tensions. Governance structures are key to preventing long-term damage and preserving unity across generations.
ABS-CBN Responds to Lopez Complaint
ABS-CBN addresses reports of a complaint filed by board director Federico Lopez, calling public accusations painful distractions and urging focus on company recovery.
CBM 2026 Launches with 'Padayon Cebu' Theme
Cebu Business Month 2026 kicks off with the theme 'Padayon Cebu,' focusing on sustained growth and innovation. The two-month festival aims to unite businesses, MSMEs, and youth.
PNP Gives Over P4M Reward to 21 Informants
The Philippine National Police distributed over P4 million in reward money to 21 civilian informants for their help in arresting criminals and solving cases.
BSP Allows Emergency Bank Cash Withdrawals in Disasters
The BSP has approved a temporary measure allowing unregistered banks to withdraw cash directly during calamities to ensure sufficient funds when normal operations are disrupted.
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BOC Posts Decade-High Jan-Apr Surplus of ₱325.8B
The Bureau of Customs recorded its largest cumulative surplus in 10 years for January to April, collecting ₱325.808 billion, exceeding targets and setting an April record.
RCBC Wins 3 Awards at RBI Asia Trailblazer Awards 2026
Rizal Commercial Banking Corporation (RCBC) secured three awards at the RBI Asia Trailblazer Awards 2026 and ranked among top Philippine firms in TIME-Statista's Asia-Pacific Best Companies list.
Top Line gets SEC, PSE nod for P1.5B share offer
Top Line Business Development Corp. received SEC and PSE approvals for a P1.5 billion perpetual preferred shares offering to fund vertical integration.
Cebu Business Month 2026 Launches Amid Global Uncertainties
CBM 2026 was launched to strengthen Cebu's investment and business collaboration, with organizers emphasizing resilience and inclusive growth amid geopolitical tensions.
BCDA remits P5.7B to national treasury
BCDA remitted P5.7 billion to the national treasury, including P2.6 billion in dividends, supporting infrastructure, housing, and military modernization.
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Fake Healer Arrested for Defrauding Senior in Aloguinsan
A man posing as a faith healer was arrested in Aloguinsan for scamming a senior citizen out of P110,000 by promising treasure and cures. He also faces drug charges.
BOC collects nearly P100M from auctions in 2026
The Bureau of Customs has generated P99.508 million from public auctions in the first four months of 2026, including the sale of a Rolls-Royce Phantom and a Rolls-Royce Cullinan.
Man Arrested for Fake Lotto Ticket Claim of P172M
A man was arrested after attempting to claim a P172-million jackpot using a falsified lotto ticket at PCSO in Mandaluyong. Police confirmed the ticket had been tampered with.
BIR Files Tax Evasion Case vs Harry Roque, Wife
The BIR filed criminal complaints against Harry Roque Jr., his wife Mylah, and Percival Ortega for tax violations involving Biancham Holdings. Total deficiency: over P3.35 million.
UnionBank Q1 Net Income Soars 167% to ₱3.8B
UnionBank posts ₱3.8B net income in Q1 2026, up 167% YoY, driven by core business growth despite trading losses from Iran conflict volatility.
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Filinvest Land Stays on Growth Path Despite High Interest Rates
Filinvest Land Inc. maintains growth strategy with strong balance sheet. 2025 revenues up 6% to P25.90B, net income up 4% to P4.81B. Residential sector leads in Davao, Zamboanga, General Santos. Il Corso Cebu boosts retail. Dividend at P0.05 per share.
BIR Reforms Target Tax Audit Abuse
The BIR suspends audits and issues reforms to prevent misuse of Letters of Authority, aiming to restore trust in tax enforcement and protect taxpayers from intimidation.
Aboitiz Foods Wins Best Employer Brand at LinkedIn Awards
Aboitiz Foods, through Pilmico Foods Corporation, received the Best Employer Brand award at the LinkedIn Talent Awards 2026 for its 'One Aboitiz Foods' initiative and 'Feed Your Future' campaign.
RCBC Earns TIME and Statista Recognition for ESG Standards
RCBC ranked eighth among Philippine firms in TIME and Statista's Asia-Pacific Best Companies list, with an overall score of 86.45, highlighting its employee satisfaction, revenue growth, and ESG performance.
Campaign Launched to Curb Alcohol Deaths in Philippines
Health advocates and lawmakers launched 'Alcohol Harms the Family' campaign to curb rising alcohol-related deaths, with 47 Filipinos dying daily from alcohol use.
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DTI Warns: Buy LPG from Accredited Dealers for Safety
The Department of Trade and Industry advises consumers to purchase LPG from legitimate sources to ensure safety and quality, especially during summer. Check for proper seals and markings.
Shipping Group Calls for Expanded Port Fee Cuts Nationwide
The Philippine Coastwise Shipping Association urges transport authorities to sustain and expand recent port fee reductions, citing critical relief for domestic operators facing global pressures.
Family Business Boardrooms: Personal Interests vs. Stewardship
A revealing examination of how family business boardrooms can falter when directors prioritize personal interests over fiduciary duty, with a case study showing the erosion of governance through tolerated self-serving behavior.
Wendy's Philippines Opens 100th Store with New Blue Design
Wendy's Philippines celebrates a major achievement with its 100th store opening in Angeles City, featuring a refreshed blue store design and a community-focused mural. Executives highlight the brand's growth and commitment to quality for Filipino customer
DTI Price Freeze on Basic Goods Until May 2026
The Department of Trade and Industry has implemented a price freeze on basic necessities until May 10, 2026, urging consumers to report retailers exceeding SRPs to ensure affordability amid global disruptions.
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Bohol Businessman Arrested in Illegal Cigarette Bust
A businessman was apprehended in Anda, Bohol, for selling illegal cigarettes valued at P56,000, violating the Graphic Health Warnings Law, following a police operation.
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