CBS China Bank Savings sustained its growth momentum in the first quarter of 2026, posting a net income of P631.2 million, up 11.5% year-on-year (YoY), driven by continued strength across its core businesses. Net interest income increased by 20.4% YoY to P2.8 billion, supported by sustained growth in the Bank’s lending business. Total assets stood at P217.3 billion, backed by a growing customer base of more than one million. Net loans expanded by 11.5% YoY to P155.5 billion, driven mainly by the continued growth of the Bank’s salary loan and business loan segments. Deposits likewise increased by 12.0% to P191.4 billion, reinforcing the Bank’s liquidity position and funding stability. CBS President James Christian T. Dee is confident in the bank’s ability to sustain the momentum. “CBS prides itself in maintaining strong relationships with its customers, and they have rewarded the Bank with loyalty. There is no substitute for trust and dependability, and the Bank provides that in spades ...
NGCP requested to conduct a 12-hour scheduled power interruption in 3 MORE Power substations on May 31
The National Grid Corporation of the Philippines (NGCP) has requested a twelve-hour Scheduled Power Interruption within the franchise area of MORE Power. This is to carry out uprating works in relation to the energization of the 3rd 100 MVA power transformer that is part of the upgrading of NGCP’s Iloilo Substation on Sunday, May 31, 2026. Part of their activity involves the shutdown of one 100 MVA Power Transformer, leaving only one temporary transformer to serve the consumers. In this situation, NGCP’s capacity will be limited, and there is a possibility of implementing Manual Load Dropping to prevent the Power Transformer from being overloaded. As a result, all the consumers served by the Mandurriao Substation, Megaworld Substation, and Jaro Substation will be affected. MORE Power will have ride-on activities in relation to the interruption. Here are the schedule of the power interruptions: 𝟔:𝟎𝟎 𝐀𝐌 - 𝟔:𝟎𝟎 𝐏𝐌 (𝟏𝟐 𝐡𝐨𝐮𝐫𝐬) Portion of Jaro Feeder 2 Portion of Mobile...