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Ayala to retire its Honda dealership biz by end-2025

MANILA, Philippines — The Ayala group’s mobility solutions unit will soon let go of its Honda dealership business after more than three decades. The group cited the need to focus on key growth areas, including electric vehicles. Ayala Corp. on Thursday disclosed that ACMobility, through Iconic Dealership Inc., would turn over its Honda dealership operations to

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BSP ensures cash supply in Masbate after ‘Ompong’ onslaught

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said it has been meeting the cash requirements of banks operating in Masbate, after the province was battered by Severe Tropical Storm Ompong. In a statement on Thursday, the central bank said its Legazpi branch has been coordinating with local financial institutions to ensure the availability of

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GSIS opens emergency loan program to Cebu members hit by quake

MANILA, Philippines — The Government Service Insurance System (GSIS) said it would provide emergency loans to members and pensioners in Cebu, after a magnitude 6.9 earthquake struck the province this week, damaging buildings and disrupting daily life. The GSIS Emergency Loan Program will be opened to qualified members and pensioners residing or working in Cebu, the