BPI partners with SingX to enable instant remittances from Singapore
November 25, 2025 | 12:00 am
MANILA — Ayala-led Bank of the Philippine Islands (BPI) has partnered with SingX Singapore Pte. Ltd. to allow clients in Singapore to transfer funds instantly to beneficiaries’ BPI accounts for a fee of $3.75 per transaction…
PDIC expands digital payment options for closed bank depositors
November 25, 2025 | 12:00 am
MANILA—The Philippine Deposit Insurance Corporation (PDIC) has expanded reimbursement options for eligible depositors of closed banks who no longer need to file claims to receive their insured deposits…
Council works on standardized protocols amid growing corporate-financial links
November 24, 2025 | 12:00 am
MANILA — The Financial Stability Coordination Council (FSCC) has identified the comprehensive mapping of corporate linkages in the Philippines as a priority initiative for 2026, the council said during its 43rd Executive Committee Meeting on November 5 at the Bangko Sentral ng Pilipinas (BSP) head office…
Philippines opens largest crayfish nursery in push for global aquaculture presence
November 22, 2025 | 12:00 am
CANDABA — The Philippines inaugurated its largest crayfish nursery, marking a major step in the country’s bid to become a key player in global aquaculture. The project, led by Farm Fresh Early Catch Inc. in partnership with Taiwan’s Da Shin Biotech Ltd. and the Department of Agriculture’s Bureau of Fisheries and Aquatic Resources (DA-BFAR), will mass-produce Australian Redclaw crayfish (Cherax quadricarinatus), a species valued for its fast growth, hardiness, and market demand…
Philippines posts $706M balance of payments surplus in October
November 21, 2025 | 12:00 am
MANILA — The Philippines’ balance of payments (BOP) registered a US$706 million surplus in October 2025, reflecting improvements in the country’s external accounts, the Bangko Sentral ng Pilipinas (BSP)reported…
US drops tariffs on over $1-B in Philippine farm exports after trade talks
November 20, 2025 | 12:00 am
MANILA — The United States has lifted tariffs on more than USD1 billion worth of Philippine agricultural products, along with a wide range of industrial goods, allowing nearly half of the country’s total exports to the U.S. to enter duty-free…
Fuel surcharge remains at Level 4 for December
November 20, 2025 | 12:00 am
MANILA — The fuel surcharge for airline tickets will remain at Level 4 for the fifth straight month in December, the Civil Aeronautics Board (CAB) announced…
Philippines strengthens agri-food ties at World Food India 2025
November 18, 2025 | 12:00 am
INDIA—The Philippines has taken a major step toward expanding its agri-food presence on the global stage as it participated in World Food India (WFI) 2025, joining world leaders and industry innovators in one of the sector’s largest international platforms…
Cash remittances from Overseas Filipinos rise $3.12-B in September
November 18, 2025 | 12:00 am
MANILA — Cash remittances from Overseas Filipinos (OFs) grew by 3.7 percent in September 2025, reaching US$3.12 billion from US$3.01 billion in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported…
BSP underscores need for reliable data to guide policy decisions
November 17, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) emphasized the importance of reliable data in crafting policies that serve the Filipino people during the closing ceremony of the 36th National Statistics Month (NSM)…
BSP warns of text hijacking scheme preying on unsuspecting account holders
November 15, 2025 | 12:00 am
MANILA—The Bangko Sentral ng Pilipinas (BSP) is warning the public to stay alert against text messages urging recipients to click on links, even if they appear to come from legitimate banks, e-money providers, or other financial institutions…
Thai agribusiness giant to pour $1B into Philippine hog industry revival
November 14, 2025 | 12:00 am
MANILA — Agriculture Secretary Francisco P. Tiu Laurel Jr. has welcomed Charoen Pokphand Foods Philippines Corp.’s (CPF) five-year, USD1-billion expansion plan to ramp up hog production and help restore the country’s swine population to pre–African Swine Fever (ASF) levels by 2028…
Blended finance seen as key to mobilizing private investment for climate projects
November 13, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) emphasized the role of blended finance in scaling funding for climate adaptation and resilience during a forum held at its Head Office on October 15–16, 2025…
Philippine gaming industry posts P94.5-B in Q3 revenues amid online reforms
November 13, 2025 | 12:00 am
MANILA — The Philippine gaming industry generated PHP94.51 billion in gross gaming revenues (GGR) in the third quarter of 2025, slightly lower than the PHP94.61 billion recorded in the same period last year, according to the Philippine Amusement and Gaming Corp. (PAGCOR)…
BSP urges banks, payment providers to back 24/7 real-time payment system
November 12, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) has called on payment system stakeholders to help build a 24/7 real-time payment system to enhance the country’s financial infrastructure…
Households to pay more as Meralco increases November electricity rates
November 11, 2025 | 12:00 am
MANILA — The Manila Electric Company (Meralco) announced a rate increase for November 2025, as transmission charges and the Feed-In Tariff Allowance (FIT-All) rise by PHP0.1520 per kilowatt-hour (kWh)…
Peso strengthens vs dollar; PSEi slips as Q3 growth slows to 4%
November 11, 2025 | 12:00 am
MANILA — The Philippine peso strengthened against the US dollar on Monday, November 11, while the local stock market slipped as investors remained cautious following weaker-than-expected economic growth in the third quarter of 2025…
BSP reports continued growth and strong performance of Philippine banks
November 10, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) highlighted the sustained growth and soundness of the Philippine banking sector in the first half of 2025, citing broad-based asset growth and solid profitability…
Philippine economy posts growth in Q3 2025 across major sectors
November 10, 2025 | 12:00 am
MANILA — The Philippine economy posted year-on-year growth in the third quarter of 2025, with all major sectors showing positive performance…
PDIC receives ARTA Silver Award for efficient delivery of public service
November 8, 2025 | 12:00 am
MANILA — The Philippine Deposit Insurance Corporation (PDIC) has received the Silver Award from the Anti-Red Tape Authority (ARTA) after earning a “Very Satisfactory” rating in the 2024 Report Card Survey (RCS) 2.0, held at Conrad Manila in Pasay City on October 23, 2025…
Agri, fisheries sector posts 2.8% growth in Q3 — DA
November 8, 2025 | 12:00 am
MANILA — The agriculture and fisheries sector posted a 2.8 percent growth in the third quarter of 2025, driven largely by stronger rice and poultry production, the Department of Agriculture (DA) reported…
BPI ramps up digital wallet push, sets sights on 5 million users
November 8, 2025 | 12:00 am
MANILA — The Bank of the Philippine Islands (BPI) is aiming to increase users of its mobile payment application, VYBE, to about 5 million by 2026, driven by the growing acceptance of digital payments, particularly among younger Filipinos…
LANDBANK profits climb to P35.65B amid strong lending, digital transactions
November 8, 2025 | 12:00 am
MANILA — The Land Bank of the Philippines (LANDBANK) reported a 42 percent year-on-year jump in net income to ₱35.65 billion for the third quarter of 2025, already surpassing its full-year earnings of ₱35.36 billion in 2024…
PSA: 1.96M Filipinos jobless in September, fewer jobs seen in key sectors
November 7, 2025 | 12:00 am
MANILA — The country’s unemployment rate rose slightly to 3.8 percent in September 2025, up from 3.7 percent in the same month last year, the Philippine Statistics Authority (PSA) reported…
Bank lending growth slows to 10.5% in September — BSP
November 7, 2025 | 12:00 am
MANILA — Outstanding loans from universal and commercial banks (U/KBs) grew by 10.5 percent year-on-year in September, slower than the 11.2 percent growth recorded in August, the Bangko Sentral ng Pilipinas (BSP) reported…
PDIC, Leyte bankers join forces to promote financial inclusion, depositor safety
November 7, 2025 | 12:00 am
TACLOBAN CITY, Leyte — The Philippine Deposit Insurance Corporation (PDIC) strengthened its collaboration with the banking sector in Eastern Visayas through the Visayas leg of its Bankers’ Dialogue series held on October 7, 2025…
Philippine inflation flat at 1.7% in October as food prices cool, power costs climb
November 6, 2025 | 12:00 am
MANILA — The Philippines’ headline inflation rate remained at 1.7 percent in October 2025, unchanged from the previous month, according to data released by the Philippine Statistics Authority (PSA) on Wednesday…
Fisheries output sinks 7.5% in Q3 amid steep aquaculture decline — PSA
November 6, 2025 | 12:00 am
MANILA — The country’s fisheries production fell by 7.5 percent in the third quarter of 2025, according to the Philippine Statistics Authority (PSA)…
Philippine money supply swells to P18.9-T as government, banks ramp up lending
November 6, 2025 | 12:00 am
MANILA — Domestic liquidity, or the amount of money circulating in the economy, grew by 7.3 percent year-on-year to about ₱18.9 trillion in September, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP)…
Most banks plan to keep lending standards steady in Q4
November 4, 2025 | 12:00 am
MANILA — A Bangko Sentral ng Pilipinas (BSP) bank lending survey found that a majority of banks expect to keep their lending standards for businesses and households unchanged in the fourth quarter of 2025. The survey cited responses from 58 banks…
Assets of nonbank financial firms hit P10.7-T in Q2
November 3, 2025 | 12:00 am
MANILA – The domestic claims or assets of other financial corporations (OFCs) increased slightly by 0.1 percent quarter-on-quarter and 16.7 percent year-on-year, reaching ₱10.7 trillion in the second quarter of 2025, data from the Bangko Sentral ng Pilipinas (BSP) showed…
PEZA nears P250-B goal as investments jump 41.7% despite economic headwinds
November 3, 2025 | 12:00 am
MANILA – The Philippine Economic Zone Authority (PEZA) approved ₱175.37 billion worth of projects from January to October 2025, up 41.72 percent compared to the same period last year, bringing the agency closer to its ₱250-billion investment target for the year…
DA to modernize major fish ports to boost jobs and investments
November 1, 2025 | 12:00 am
MANILA – Agriculture Secretary Francisco P. Tiu Laurel Jr. underscored the Department of Agriculture’s (DA) efforts to modernize the country’s major fish ports under the Philippine Fisheries Development Authority (PFDA) to transform traditional fishing hubs such as Navotas into modern agri-fishery business centers that generate jobs, attract investments, and nurture a new generation of entrepreneurs…
SEC seeks public comment on proposed cap for lending interest rates and charges
November 1, 2025 | 12:00 am
MANILA – The Securities and Exchange Commission (SEC) is seeking public comment on a proposed policy that would set limits on interest rates and other charges imposed by lending and financing companies to better protect consumers…
BSP sees October inflation easing to 1.4–2.2% despite food, power price hikes
October 31, 2025 | 12:00 am
MANILA – The Bangko Sentral ng Pilipinas (BSP) projects the country’s headline inflation for October 2025 to settle within the range of 1.4 to 2.2 percent, as price pressures from food and utilities are expected to persist despite lower global oil and meat prices…
BSP warns public against misuse of its name and logo
October 30, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) reminded the public to remain vigilant against individuals or organizations misusing the BSP’s name, logo, or the names of its personnel…
PDIC holds dialogue with Leyte banks to boost depositor protection and financial inclusion
October 29, 2025 | 12:00 am
TACLOBAN CITY, Leyte — The Philippine Deposit Insurance Corporation (PDIC) has strengthened its partnerships with banks in Leyte through the Visayas leg of its Bankers’ Dialogue series held on October 7, 2025…
BSP says peso remains supported despite market-driven depreciation
October 29, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) said it allows the peso’s exchange rate to be determined by market forces, emphasizing that its interventions in the foreign exchange market are meant to temper excessive volatility rather than influence daily movements…
NPC probes alleged GCash data breach; urges public vigilance
October 28, 2025 | 12:00 am
MANILA – The National Privacy Commission (NPC) has launched an investigation into an alleged data breach involving G-Xchange, Inc., the operator of GCash, after reports surfaced online on October 26, 2025…
PDIC takes part in GOCC Caravan to educate public on deposit protection
October 28, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) has joined the Department of Finance (DOF) and other government-owned and controlled corporations (GOCCs) in the GOCC Caravan, a mobile governance program aimed at making government services more accessible to Filipinos…
Meralco earnings up 14%, driven by distribution and power generation gains
October 28, 2025 | 12:00 am
MANILA — The Manila Electric Company (Meralco) reported a 14-percent increase in consolidated core net income (CCNI) to PHP40 billion, driven primarily by its distribution utility (DU) business…
Philippines, Canada to launch free trade talks, target 2026 conclusion
October 27, 2025 | 12:00 am
KUALA LUMPUR, Malaysia – The Philippines and Canada have agreed to launch negotiations for a bilateral free trade agreement (FTA), with the goal of concluding discussions by 2026, President Ferdinand R. Marcos Jr. and Canadian Prime Minister Mark Carney announced on Sunday…
PDIC to auction condos, residential, and farm lots via online bidding on November 26–27
October 25, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) will hold an electronic public bidding (e-bidding)for various real properties from 9:00 a.m. on November 26, 2025 until 1:00 p.m. on November 27, 2025, through its official portal https://assetsforsale.pdic.gov.ph. Submitted bids will be opened at 2:00 p.m. on November 27…
Maya users can now fund and subscribe to IPOs via new in-app feature
October 24, 2025 | 12:00 am
MANILA – Maya Philippines Inc. on Thursday unveiled Maya Stocks, a new feature that allows users to participate in initial public offerings (IPOs) directly through the Maya app…
BSP eases rules for Islamic banking units to boost sector growth
October 24, 2025 | 12:00 am
MANILA – The Bangko Sentral ng Pilipinas (BSP) has relaxed regulations for Islamic banking units (IBUs) to encourage growth and participation in the country’s Islamic finance sector…
PDIC launches AI chatbot POLA to enhance digital public service delivery
October 23, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) has launched its AI-powered chatbot, POLA or the PDIC Online Assistant, as part of its ongoing digital transformation efforts to provide faster and more accessible public service…
Starbucks sends emergency water systems to quake-hit Cebu towns
October 23, 2025 | 12:00 am
MANILA – The Starbucks Foundation and Starbucks Philippines have extended assistance to communities affected by the 6.9-magnitude earthquake that struck Northern Cebu on September 30…
DOE raises benefits for host communities of power plants starting January 2026
October 23, 2025 | 12:00 am
MANILA – The Department of Energy (DOE) announced that host communities of energy resources and power-generating facilities will receive higher financial benefits beginning January 2026, as part of efforts to promote inclusive growth, accelerate electrification, and spur local development…
Planters Products resumes fertilizer importation after 43 years with 120,000 bags from Vietnam
October 22, 2025 | 12:00 am
ORION, Bataan – Planters Products Inc. (PPI), the agro-chemical trading and marketing arm in partnership with the Department of Agriculture (DA), has officially returned to the fertilizer business after more than four decades by importing 120,000 bags of 14-14-14 inorganic fertilizer from Vietnam…
BSP lifts ownership cap to let more overseas Filipinos invest in retirement funds
October 22, 2025 | 12:00 am
MANILA – The Bangko Sentral ng Pilipinas (BSP) has revised its rules to allow more overseas Filipinos to invest in Personal Equity and Retirement Account (PERA) Unit Investment Trust Funds (UITFs) by exempting them from the non-resident ownership limit previously applied to such funds…
Philippines posts $82-million balance of payments surplus in September
October 21, 2025 | 12:00 am
MANILA—The Philippines recorded a balance of payments (BOP) surplus of US$82 million in September 2025, lower than the US$3.5 billion surplus in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP)…
Iligan, Camiguin top Northern Mindanao growth in 2024
October 20, 2025 | 12:00 am
MANILA—The Gross Domestic Product (GDP) of all five provinces and two highly urbanized cities in Northern Mindanao grew in 2024 compared to 2023, according to the latest data released by the Philippine Statistics Authority…
Meralco eyes ‘smart meter’ rollout, new operations center pending ERC approval
October 20, 2025 | 12:00 am
MANILA – The Manila Electric Company (Meralco) is preparing to introduce more technological innovations in the energy sector, but remains on a wait-and-see stance as the Energy Regulatory Commission (ERC) finalizes the revised rules for the first regulatory period…
DTI issues national standard for parol to promote quality, consumer safety
October 18, 2025 | 12:00 am
MANILA – The Department of Trade and Industry (DTI) has issued a Philippine National Standard (PNS) for parol or Philippine-made lanterns, aimed at protecting consumers and elevating the quality of Filipino craftsmanship in the global market…
Philippines launches first Rice Straw Bioenergy Hub in Laguna to turn farm waste into clean energy
October 17, 2025 | 12:00 am
MANILA – The Philippines’ first Rice Straw Bioenergy Hub was launched in Pila, Laguna on October 7, bringing together national and local leaders, international partners, and farmers to showcase innovations that convert rice straw into renewable energy and other valuable products…
Overseas Filipinos keep economy afloat with $2.98-B remittances in August
October 16, 2025 | 12:00 am
MANILA – Cash remittances from Overseas Filipinos (OFs) continued to grow, rising by 3.2 percent from US$2.89 billion in August 2024 to US$2.98 billion in August 2025, driven by higher inflows from both land-based and sea-based workers…
SEC flags scams using fake COL Financial papers, bogus crypto and Ponzi-style schemes
October 15, 2025 | 12:00 am
MANILA – The Securities and Exchange Commission (SEC) issued a series of advisories warning the public against several individuals and groups preying on unsuspecting investors through fraudulent investment schemes…
ADB approves $400M loan to strengthen Philippine insurance sector
October 15, 2025 | 12:00 am
MANILA — The Asian Development Bank (ADB) has approved a $400 million policy-based loan to support reforms aimed at improving the efficiency of the Philippines’ insurance industry, encouraging broader participation in the sector, and promoting stronger economic growth…
PDIC to auction Luzon, Visayas real properties via e-bidding on Nov. 12–13
October 14, 2025 | 12:00 am
MANILA — The Philippine Deposit Insurance Corporation (PDIC) will conduct an electronic public bidding (e-bidding) for various real properties located in Luzon and the Visayas on November 12–13, 2025, through its e-bidding portal at https://assetsforsale.pdic.gov.ph…
PSEi rebounds as peso trades sideways vs. US dollar
October 14, 2025 | 12:00 am
MANILA – The Philippine Stock Exchange index (PSEi) closed slightly higher on Monday, recovering from last week’s losses, while the Philippine peso ended the day almost unchanged against the US dollar…
DA rolls out P42-M mobile soil labs to help farmers boost yields, cut input costs
October 13, 2025 | 12:00 am
MANILA — The Department of Agriculture (DA) is intensifying efforts to improve farm productivity through the nationwide deployment of the Bureau of Soil and Water Management’s (BSWM) Mobile Soil Testing Laboratories (MSL)…
Japan-led investments drive July FDI inflows despite overall decline — BSP
October 13, 2025 | 12:00 am
MANILA – Net foreign direct investments (FDI) into the Philippines remained positive in July 2025, with inflows led by Japan and focused mainly on the wholesale and retail trade sector, according to data from the Bangko Sentral ng Pilipinas (BSP)…
DHSUD deploys modular shelters for Davao Oriental quake victims
October 13, 2025 | 12:00 am
MANILA – The Department of Human Settlements and Urban Development (DHSUD) is preparing to send modular shelter units (MSUs) to Davao Oriental to aid families displaced by the twin earthquakes that struck the province on October 10…
Diesel prices seen to dip, gasoline to rise anew next week
October 11, 2025 | 12:00 am
MANILA – Diesel prices are expected to slightly decrease next week, while gasoline prices are likely to rise anew due to current supply conditions, an oil firm executive said…
Marcos vows stable food, goods prices as government moves to cushion calamity impact
October 10, 2025 | 12:00 am
MANILA — President Ferdinand R. Marcos Jr. has assured the public that the government is implementing measures to keep the prices of food and essential goods stable following a series of calamities that recently hit the country…
DA says efforts helping poor families cope as inflation climbs to 6-month high — PSA
October 9, 2025 | 12:00 am
MANILA – The Department of Agriculture’s (DA) focused measures to stabilize the supply and prices of key food items such as rice, sugar, and corn have helped shield the country’s poorest households from the impact of rising costs, even as overall inflation rose to its highest level in six months, data from the Philippine Statistics Authority (PSA) showed Tuesday…
Rice imports already 800,000 tons over target; government limits entries until January
October 8, 2025 | 12:00 am
MANILA – The government will extend the ban on rice importation until the end of 2025, allow limited imports in January 2026, and reimpose the ban in February to protect local farmers and stabilize supply ahead of the dry season harvest, Agriculture Secretary Francisco P. Tiu Laurel Jr. announced Monday…
Philippine inflation ticks up as vegetables, oils, and transport costs rise
October 8, 2025 | 12:00 am
MANILA – The Philippines’ headline inflation rate rose to 1.7 percent in September 2025 from 1.5 percent in August, reflecting higher prices in food, transport, and services, according to the Philippine Statistics Authority (PSA)…
PDIC cascades revised bank advertising rules at BMAP learning session
October 8, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) has urged banks to support efforts to strengthen depositor protection and public trust through compliance with its revised advertising regulations…
ASEAN ministers agree to deepen regional trade, promote sustainable farming
October 7, 2025 | 12:00 am
MANILA – The ASEAN Ministers on Agriculture and Forestry (AMAF) have pledged to strengthen regional trade and cooperation by improving supply chains, adopting climate-smart agricultural practices, and building more resilient food production systems…
PDIC seeks feedback on proposed rules for denied deposit insurance claims
October 7, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) has released proposed revisions to its rules on denied deposit insurance claims to make the process of reconsideration fairer, clearer, and more efficient…
Diesel, gasoline, kerosene prices inch up amid market pressures
October 6, 2025 | 2:51 pm
MANILA – Motorists and consumers can expect higher fuel costs this week as major oil firms adjust prices…
Philippine money supply swells to P18.6-T in August as liquidity keeps flowing
October 6, 2025 | 12:00 am
MANILA — Domestic liquidity, or M3—the broadest measure of money supply—expanded by 6.6 percent year-on-year to about P18.6 trillion in August, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP)…
Bank lending growth slows in August — BSP
October 4, 2025 | 12:00 am
MANILA – Outstanding loans from universal and commercial banks (U/KBs) grew at a slower pace in August, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP)…
September inflation pegged at 1.5%–2.3% despite pricier rice, fuel
October 3, 2025 | 12:00 am
MANILA – The Bangko Sentral ng Pilipinas (BSP) projected September 2025 inflation to settle within the range of 1.5 to 2.3 percent…
BSP promises cash flow in Masbate, even as banks lag after Typhoon Opong
October 3, 2025 | 12:00 am
MANILA – The Bangko Sentral ng Pilipinas (BSP), through its Legazpi Branch, has been servicing the cash requirements of banks operating in Masbate and coordinating with financial institutions to sustain the availability of banking services in the province following Typhoon Opong…
PDIC to sell real properties, vehicles, equipment via e-bidding on Oct. 29–30
October 3, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) announced it will sell various real properties and transportation equipment through electronic public bidding (e-bidding) scheduled for October 29–30, 2025…
PSEi snaps 7-day slide, peso stays sideways
October 2, 2025 | 12:00 am
MANILA – The Philippine Stock Exchange index (PSEi) bounced back to the 6,000-level on Wednesday after seven straight sessions of decline, while the peso held steady against the US dollar…
Photo: Bureau of Treasury/FB
Philippine debt eases to P17.47T in August on bond repayment, stronger peso
October 1, 2025 | 12:00 am
MANILA – The country’s debt slightly declined to P17.47 trillion as of end-August, down 0.5 percent from P17.56 trillion in July, following the government’s full repayment of its biggest local bond for the year worth P516.34 billion, the Bureau of the Treasury (BTr) said Tuesday…
LANDBANK rejects claims of anomaly in contractor accounts tied to flood control projects
September 30, 2025 | 12:00 am
MANILA – The Land Bank of the Philippines (LANDBANK) denied any irregularities in its handling of government contractor accounts linked to the Department of Public Works and Highways’ (DPWH) flood control projects, stressing that all transactions complied with laws and mandated procedures…
Survey: Filipinos more upbeat on income, inflation outlook
September 30, 2025 | 12:00 am
MANILA – Filipino consumers were less pessimistic in the third quarter of 2025, citing additional income sources, higher earnings, and more working family members, according to the Bangko Sentral ng Pilipinas (BSP)…
Over 55K farmers hit as cyclones, Habagat cause P1.38-B in agri losses
September 30, 2025 | 12:00 am
MANILA – Agriculture Secretary Francisco P. Tiu Laurel Jr. has ordered all regional offices of the Department of Agriculture (DA) and the Philippine Crop Insurance Corporation (PCIC) to expedite damage verification and loss assessments to hasten the delivery of assistance to farmers and fisherfolk affected by recent tropical cyclones and the Southwest Monsoon (Habagat)…
Residential property prices spike 11.5% outside NCR as Metro Manila housing market slumps
September 29, 2025 | 12:00 am
MANILA – Residential property prices in the Philippines rose by 7.5 percent year-on-year in the second quarter of 2025, slightly lower than the 7.6 percent growth recorded in the first quarter, the Bangko Sentral ng Pilipinas (BSP) reported…
BSP to close digital bank license applications starting December 1
September 27, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) announced that it will stop accepting new applications for digital bank licenses beginning December 1, 2025…
Marcos moves to prolong rice import ban, studies tariff hike amid falling palay prices
September 26, 2025 | 12:00 am
MANILA — President Ferdinand Marcos Jr. has directed the extension of the two-month suspension on rice imports and the possible increase of tariffs on foreign rice to stabilize palay prices and protect farmers during the peak harvest season…
LTFRB to audit nearly 4,000 PUV franchises on Commonwealth, warns inactive operators
September 26, 2025 | 12:00 am
MANILA — The Land Transportation Franchising and Regulatory Board (LTFRB) will review the status of 3,972 public utility vehicle (PUV) franchises operating along Commonwealth Avenue, following an order from Acting Transportation Secretary Giovanni Lopez…
PDIC launches e-Portal Project to boost digital public service delivery
September 25, 2025 | 12:00 am
MANILA — The Philippine Deposit Insurance Corporation (PDIC) has initiated its e-Portal Project as part of its digital transformation program to modernize services and deliver more efficient public service…
DA turns over P70-M rice processing facility to farmers in Naujan, Oriental Mindoro
September 25, 2025 | 12:00 am
NAUJAN, Oriental Mindoro — Officials from the Department of Agriculture (DA) on Tuesday formally turned over a P70.2-million rice processing facility to farmers in Naujan, one of the country’s major rice-producing towns…
Agri chief: White Revolution to cut price volatility, boost local produce
September 24, 2025 | 12:00 am
MANILA — The Department of Agriculture (DA) is set to implement a “White Revolution,” a comprehensive agricultural transformation roadmap aimed at ensuring a stable, year-round supply of affordable vegetables and high-value crops…
Philippine financial sector resources jump over 6% in July—BSP
September 24, 2025 | 12:00 am
MANILA — The total resources of the Philippine financial sector increased by more than 6 percent in July 2025, the Bangko Sentral ng Pilipinas (BSP) reported…
FilChi biz group slams gov’t over ‘cancer of corruption’
September 23, 2025 | 12:00 am
MANILA — The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) on Monday issued a strong call for government, business, and citizens to unite in addressing what it described as the “cancer of corruption” undermining the nation’s foundations…
DA lifts poultry import bans from Israel, South Dakota
September 23, 2025 | 12:00 am
MANILA – The Department of Agriculture (DA) has lifted its temporary import bans on poultry and related products from Israel and South Dakota, United States, after veterinary authorities confirmed the containment of avian influenza outbreaks in those areas…
Pump prices soar again as global tensions squeeze supply
September 22, 2025 | 6:39 pm
MANILA – Pump prices of petroleum products will go up again on Tuesday, marking the sixth consecutive week of increases…
Philippines narrows BOP deficit as August surplus hits $359M
September 22, 2025 | 12:00 am
MANILA — The Philippines posted a balance of payments (BOP) surplus of US$359 million in August 2025, higher than the US$88 million surplus recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported…
BSP sets P500,000 limit on large cash transactions
September 20, 2025 | 12:00 am
MANILA – The Bangko Sentral ng Pilipinas (BSP) has issued new regulations requiring large cash transactions above ₱500,000, or its equivalent in foreign currency, to be conducted through traceable channels to curb money laundering and related risks…
Filipinos told to steer clear of freelance gigs in Singapore or face ban, penalties
September 19, 2025 | 12:00 am
MANILA — The Philippine Embassy in Singapore has reminded Filipinos not to engage in freelance work without proper permits, following a joint advisory issued by the Ministry of Manpower (MOM) and the Visual, Audio, Creative Content Professionals Association (VICPA)…
Philippine economy leans on OFs as July remittances inch up 3%
September 18, 2025 | 12:00 am
MANILA – Cash remittances sent home by overseas Filipinos (OFs) posted sustained growth in July 2025, with sea-based workers recording slightly faster growth than their land-based counterparts, Bangko Sentral ng Pilipinas (BSP) data showed…
Philippines placed on J.P. Morgan watchlist for bond index inclusion
September 17, 2025 | 12:00 am
MANILA — The Philippines is now under review for possible inclusion in J.P. Morgan’s Government Bond Index for Emerging Markets (GBI-EM), a move expected to draw more foreign investors, improve liquidity, and lower borrowing costs for the government and private sector…
188 residential lots in Tanza, Cavite up for e-bidding on October 15–16
September 16, 2025 | 12:00 am
MANILA—The Philippine Deposit Insurance Corporation (PDIC) will auction off 188 subdivision lots in Tanza, Cavite through electronic public bidding on October 15–16…
Philippine delegation secures P51 billion in investments from Japan trip
September 16, 2025 | 12:00 am
MANILA — The Philippine delegation secured about PHP51 billion worth of investments during its recent trip to Osaka, Japan, the Department of Trade and Industry (DTI) said Monday…
Philippines’ external debt rises to $148.9B in Q2 on weaker dollar
September 15, 2025 | 12:00 am
MANILA – The Philippines’ outstanding external debt climbed to US$148.87 billion at the end of the second quarter of 2025, up 1.5 percent from the previous quarter, the Bangko Sentral ng Pilipinas (BSP) reported…
MWSS urges poor households to avail of lifeline program as Q4 water rates adjust
September 13, 2025 | 12:00 am
MANILA – The Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS RO) confirmed the implementation of the Foreign Currency Differential Adjustment (FCDA) for the fourth quarter of 2025, effective October 1, resulting in higher rates for Maynilad customers and a tariff rollback for Manila Water customers…
PDIC warns public against fake official receipts in closed bank transactions
September 13, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) has cautioned the public against fake official receipts (ORs) being used in transactions involving banks under liquidation…
PDIC, World Bank ink deal to develop risk-based assessment system for deposit insurance
September 12, 2025 | 12:00 am
MANILA — The Philippine Deposit Insurance Corporation (PDIC) and the World Bank Group, through the International Bank for Reconstruction and Development (IBRD), have signed a landmark advisory agreement to study and develop a Risk-Based Assessment System (RBAS) for deposit insurance…
Philippines clarifies: No ODA loan from South Korea exists
September 11, 2025 | 12:00 am
MANILA — The Department of Finance (DOF) denied reports of a supposed P28-billion official development assistance (ODA) loan between the Philippines and South Korea, clarifying that no such agreement exists…
PSA: 2.59 million Filipinos unemployed as July jobless rate rises
September 11, 2025 | 12:00 am
MANILA — The country’s unemployment rate rose to 5.3 percent in July 2025, higher than the 4.7 percent recorded in July 2024 and 4.1 percent in April 2025, the Philippine Statistics Authority (PSA) reported…
DepDev urged to increase regional project approvals to strengthen national budgeting
September 11, 2025 | 12:00 am
MANILA – A lawmaker has called on the Department of Economic Planning and Development (DepDev) to increase the number of projects approved by regional development councils (RDCs) to prevent budget “insertions” and promote a more systematic budget process…
Reserves edge higher to $105.9B, buoyed by BSP income
September 10, 2025 | 12:00 am
MANILA – The Philippines’ gross international reserves (GIR) rose in August 2025, buoyed by higher global gold prices and income from the Bangko Sentral ng Pilipinas’ (BSP) investments…
DA bats for stronger NFA role to stabilize rice, corn prices for farmers
September 10, 2025 | 12:00 am
MANILA – The Department of Agriculture (DA) is urging Congress to restore and expand the grain-buying powers of the National Food Authority (NFA) to strengthen food security by allowing the agency to directly purchase corn and rice from farmers and cooperatives…
Cheaper rice cushions poor households as August inflation edges up
September 9, 2025 | 12:00 am
MANILA – Lower rice prices and easing costs for meat, poultry, and fruits—tempered by interventions of the Department of Agriculture (DA) under President Ferdinand Marcos Jr.—helped shield vulnerable households from the full impact of higher consumer prices in August, even as headline inflation accelerated…
Tight oil market, Russia-Ukraine conflict seen to drive up local pump prices
September 9, 2025 | 12:00 am
MANILA – The Department of Energy (DOE) announced that domestic fuel prices may increase starting Tuesday, September 9, citing developments in the international oil market that have pushed up benchmark prices Dubai and Mean of Platts Singapore (MOPS)…
DTI scrambles to install new CIAP, PCAB heads as infra probe heats up
September 8, 2025 | 12:00 am
MANILA – Trade and Industry Secretary Cristina Roque has appointed acting officials to lead the Construction Industry Authority of the Philippines (CIAP) and the Philippine Contractors Accreditation Board (PCAB) following leadership changes linked to an ongoing probe into anomalous infrastructure projects…
DOT presses DFA to loosen visa rules as Chinese tourist arrivals plunge 24%
September 8, 2025 | 12:00 am
MANILA – The Department of Tourism (DOT) is pushing for the easing of visa requirements, including the resumption of the e-visa program in China, to attract more travelers and stimulate demand from one of the country’s major outbound markets…
PDIC, LandBank Launch Web-Based Bulk Credit System for Closed Bank Creditors
September 6, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) and Land Bank of the Philippines (LandBank) have signed a memorandum of agreement (MOA) to implement the LandBank Bulk Credit System (LBCS), a new digital facility designed to speed up the settlement of claims from creditors of closed banks…
Philippine inflation rises to 1.5% in August, PSA reports
September 6, 2025 | 12:00 am
MANILA – The Philippines’ headline inflation accelerated to 1.5 percent in August 2025 from 0.9 percent in July, bringing the national average from January to August to 1.7 percent, the Philippine Statistics Authority (PSA) reported…
First leg of 2025 PDIC-Bankers’ Dialogue held in Laoag
September 5, 2025 | 12:00 am
The Philippine Deposit Insurance Corporation (PDIC) launched the first leg of its 2025 PDIC-Bankers’ Dialogue seriesin Laoag City, Ilocos Norte on July 8, 2025, in partnership with the Bankers Association of Laoag City and Ilocos Norte (BALCIN) and the La Union Chamber of Rural Bankers….
Marcos dangles fresh loans to tourism MSMEs under new gov’t program
September 2, 2025 | 12:00 am
MANILA—President Ferdinand R. Marcos Jr. on Monday led the awarding of loan packages to nine micro, small, and medium enterprises (MSMEs) in the tourism sector from the National Capital Region (NCR) and Calabarzon under the “Turismo Asenso Loan Program”…
PH keeps stable credit standing as Moody’s cites ample reserves — BSP
September 1, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) welcomed the favorable assessment by credit rating agency Moody’s of the country’s access to external financing…
PDIC, PIA hold media forum on deposit insurance in Davao City
August 30, 2025 | 12:00 am
DAVAO CITY — The Philippine Deposit Insurance Corporation (PDIC), in partnership with the Philippine Information Agency (PIA) Davao Regional Office, held a regional press conference on Friday to raise awareness on deposit insurance through its “PDIC 101: Understanding Deposit Insurance” initiative…
BSP eases rates, warns rice tariffs, power hikes may stoke inflation
August 29, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) trimmed its benchmark interest rate by 25 basis points to 5 percent, the Monetary Board announced Thursday…
60,000 MT aging rice up for auction as NFA clears space amid import halt
August 29, 2025 | 12:00 am
MANILA — The National Food Authority (NFA) is set to auction off up to 60,000 metric tons of aging rice stocks starting next month until October to prevent spoilage, free up warehouse space, and reinforce rice supply amid the temporary import suspension…
LANDBANK extends P60-B share of PSALM’s P100-B syndicated loan
August 28, 2025 | 12:00 am
MANILA — The Land Bank of the Philippines (LANDBANK) has committed ₱60 billion, or 60 percent, of the ₱100-billion syndicated term loan facility for the Power Sector Assets and Liabilities Management Corporation (PSALM)…
SEC halts ops of 7 unregistered online lending firms
August 26, 2025 | 12:00 am
MANILA — The Securities and Exchange Commission (SEC) has issued cease and desist orders (CDOs) against seven online lending firms operating without registration…
PDIC to auction commercial, agri, residential lots via online bidding on Sept. 24-25
August 23, 2025 | 12:00 am
MANILA — The Philippine Deposit Insurance Corporation (PDIC) will sell various commercial, agricultural, and residential lots through an electronic public bidding on September 24 to 25, 2025…
Domestic trade hits P1.23-T in Q1 as road shipments tilt balance; water, air volumes slump
August 23, 2025 | 12:00 am
MANILA — Domestic trade in the Philippines reached 16.05 million tons in the first quarter of 2025, valued at P1.23 trillion, according to the Philippine Statistics Authority (PSA)…
PDIC, employees’ union seal 4-year agreement to boost welfare, cooperation
August 21, 2025 | 12:00 am
MANILA — The Philippine Deposit Insurance Corporation (PDIC) and the PDIC Employees Organization (PHILDICEO) have formalized a new Collective Negotiation Agreement (CNA) that aims to strengthen employee welfare and workplace collaboration…
Malacañang bets on Philippines hitting upper middle-income tag this year
August 21, 2025 | 12:00 am
MANILA — Malacañang expressed optimism that the Philippines is on track to becoming an upper middle-income country this year, citing sustained economic growth under the current administration…
BSP vows stronger financial safeguards after PH exit from EU high-risk list
August 21, 2025 | 12:00 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) has reaffirmed its commitment to fighting financial crimes and aligning with global standards following the Philippines’ removal from the European Union’s (EU) list of high-risk third countries on June 10, 2025 — the country’s third such exit this year…
BSP flags scam docs faking signatures, bank logo
August 20, 2025 | 12:00 am
MANILA – The Bangko Sentral ng Pilipinas (BSP) has warned the public against the circulation of fraudulent documents that appear to have been issued by the central bank or its officials…
PDIC, OSG sign agreement to strengthen partnership in handling criminal cases
August 20, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) and the Office of the Solicitor General (OSG) have signed a Memorandum of Agreement (MOA) to enhance enforcement of banking laws and streamline the handling of criminal cases against erring bank officials…
BTr raises P500 billion from RTB-31 issuance
August 19, 2025 | 12:00 am
MANILA – The Bureau of the Treasury (BTr) has raised P500 billion from the 31st Retail Treasury Bonds (RTB-31) issuance, consisting of P425.51 billion in new money and proceeds from bond exchanges…
PDIC warns public against fake ‘loan insurance’ scheme
August 19, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) has warned bank borrowers against a fraudulent “Loan Compliance” notice falsely bearing its logo and requiring payment of insurance for loan applications…
Farm gate prices edge up a week into Marcos’ rice import ban, but dips hit other regions
August 18, 2025 | 12:00 am
MANILA—Farm gate prices of palay have begun to climb in six of the country’s 13 key rice-producing regions, a week after President Ferdinand Marcos Jr. ordered a two-month suspension of rice importation starting September 1, data from the National Food Authority (NFA) showed…
PDIC to auction 155 commercial, agricultural, and residential lots on September 17-18
August 16, 2025 | 12:00 am
MANILA — The Philippine Deposit Insurance Corporation (PDIC) will sell 155 commercial, agricultural, and residential lots in Luzon and Mindanao through electronic public bidding on September 17-18…
Cash remittances up 3.7% in June, driven by land-based OFs
August 16, 2025 | 12:00 am
MANILA — Cash remittances to the Philippines grew in June 2025, with land-based overseas Filipinos (OFs) posting a faster increase than their sea-based counterparts, according to the latest data…
GCash, Maya promise to drop gambling app links—after BSP orders cleanup
August 15, 2025 | 12:00 am
MANILA – E-wallet GCash and digital payment firm Maya have committed to follow the Bangko Sentral ng Pilipinas’ (BSP) order to remove links to online gambling platforms…
LANDBANK offers convenient investment channels for RTB 31 to boost savings, nation-building
August 15, 2025 | 12:00 am
MANILA – State-run Land Bank of the Philippines (LANDBANK) is providing secure and convenient channels for Filipinos to invest in the Retail Treasury Bonds Tranche 31 (RTB 31) with Bond Exchange, a five-year peso-denominated offering of the National Government through the Bureau of the Treasury (BTr)…
PSEi slips after rebalancing; peso steady against dollar
August 12, 2025 | 12:00 am
MANILA – The Philippine Stock Exchange index (PSEi) fell on Monday as investors took a wait-and-see stance after the main index’s rebalancing, while the peso closed nearly unchanged against the US dollar…
US tariffs push Nissan, Mazda into losses for first quarter
August 11, 2025 | 12:01 am
TOKYO — Higher US tariffs on Japanese cars severely hit the earnings of seven major Japanese automakers in April to June, with Nissan Motor Co. and Mazda Motor Corp. posting fiscal first-quarter losses for the first time in five years…
PDIC highlights enhanced depositor protection at RBAP regional roadshow
August 9, 2025 | 12:00 am
Dipolog City, Philippines — The Philippine Deposit Insurance Corporation (PDIC) emphasized its commitment to depositor protection and financial stability during the Region 9 leg of the Rural Bankers Association of the Philippines (RBAP) Angel Network Roadshow held on July 28–29, 2025…
Philippines’ foreign reserves slightly decline in July
August 8, 2025 | 12:00 am
MANILA— The country’s gross international reserves (GIR) dipped slightly in July 2025, mainly due to lower global gold prices and the national government’s foreign currency withdrawals to service external debt, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP)…
Manufacturing growth slows in June 2025; food products lead gains
August 8, 2025 | 12:00 am
The Philippine manufacturing sector posted slower year-on-year growth in June 2025, with key production and sales indices easing compared to the previous month, data from the Philippine Statistics Authority (PSA) showed…
Jobless rate hits 1-year high as nearly 2M Filipinos unemployed — PSA
August 7, 2025 | 12:00 am
MANILA — The Philippines’ unemployment rate rose to 3.7 percent in June 2025, the highest level in a year, according to the latest Labor Force Survey released by the Philippine Statistics Authority (PSA)…
Economist bets on stronger Q2 growth but warns construction slump, export risks may spoil the run
August 7, 2025 | 12:00 am
MANILA— An economist expressed optimism on Wednesday over the Philippine economy’s performance in the second quarter of the year, projecting a 5.6 percent gross domestic product (GDP) growth and a full-year expansion of 5.8 percent…
Cebu Pacific posts P8.5-B net income in Q2 on strong passenger growth, operational gains
August 7, 2025 | 12:00 am
MANILA—Cebu Pacific (CEB) reported a P8.5 billion net income for the second quarter of 2025, citing robust passenger growth and improved operational efficiency as key drivers…
Q1 2025 GDP growth steady at 5.4%
August 7, 2025 | 12:00 am
MANILA—The Philippine Statistics Authority (PSA) on Wednesday maintained the country’s Gross Domestic Product (GDP) year-on-year growth rate for the first quarter of 2025 at 5.4 percent, but announced downward and upward revisions in several key sectors…
Philippine headline inflation slows to 0.9% in July
August 6, 2025 | 12:00 am
MANILA — The country’s headline inflation rate eased to 0.9 percent in July 2025, down from 1.4 percent in June, according to the latest data released by the Philippine Statistics Authority (PSA)…
BSP launches Open Finance for PERA pilot to boost retirement savings access
August 5, 2025 | 12:00 am
MANILA – The Bangko Sentral ng Pilipinas (BSP)launched the Open Finance for Personal Equity and Retirement Account (PERA) Pilot at its head office in Manila, aiming to make it easier for Filipinos to access retirement savings and investment options…
Philippines posts higher rice, corn harvests in H1 2025 — DA
August 4, 2025 | 12:00 am
MANILA — Agriculture Secretary Francisco P. Tiu Laurel Jr. welcomed the latest Philippine Statistics Authority (PSA) report showing higher palay and corn harvests in the first half of 2025, crediting improved weather and sustained government support for the output gains…
Pag-IBIG Fund posts record-high P28.04 billion net income in H1 2025
August 2, 2025 | 12:00 am
MANILA – The Pag-IBIG Fund reported a record-high net income of PHP28.04 billion in the first half of 2025, marking a 15.25 percent increase from PHP24.33 billion in the same period last year…
BOC surpasses July revenue target with P85.46 billion collection
August 2, 2025 | 12:00 am
MANILA—The Bureau of Customs (BOC) collected PHP85.459 billion in July 2025, exceeding its PHP84.365 billion target and marking its highest monthly collection for the year, based on a preliminary report…
July inflation seen to ease to as low as 0.5%
August 1, 2025 | 12:01 am
MANILA — The Bangko Sentral ng Pilipinas (BSP) projects headline inflation for July 2025 to settle within the range of 0.5 to 1.3 percent, potentially easing from the previous month’s 1.4 percent…
PAGCOR revenue hits P59 billion in H1 2025, net income up 64%
July 31, 2025 | 12:00 am
MANILA – The Philippine Amusement and Gaming Corporation (PAGCOR) on Wednesday reported a 14 percent increase in total revenues for the first half of 2025, reaching PHP59 billion, up from PHP51.8 billion in the same period last year…
PDIC mandates banks to update signage, ads with new P1-M deposit insurance coverage
July 31, 2025 | 12:00 am
MANILA – The Philippine Deposit Insurance Corporation (PDIC) has issued updated regulations requiring all banks to display new decals and standees that reflect the increased maximum deposit insurance coverage (MDIC) of P1 million per depositor, effective March 15, 2025…
Recto eyes P37-T Philippine economy by 2028
July 30, 2025 | 12:01 am
MANILA — The Philippine economy remains one of the fastest-growing in Asia despite global challenges such as geopolitical conflicts and trade uncertainties, Finance Secretary Ralph Recto said…
PDIC to sell 97 corporate, closed bank properties via e-bidding from Aug 27-28
July 29, 2025 | 12:01 am
MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) announced it will conduct an electronic public bidding (e-bidding) of 97 corporate and closed bank properties from August 27 to 28, 2025…
Banks seen to keep lending standards steady in Q3
July 28, 2025 | 12:01 am
MANILA — Most Philippine banks expect to maintain their lending standards for both businesses and households in the third quarter of 2025, according to the latest Senior Bank Loan Officers’ Survey (SLOS) by the Bangko Sentral ng Pilipinas (BSP)…
LANDBANK, DOTr launch EMV-powered cashless fare system for MRT-3
July 28, 2025 | 12:01 am
MANILA — LANDBANK has strengthened its push for digital transport solutions with the successful pilot launch of the Department of Transportation’s (DOTr) Automated Fare Collection System (AFCS) for MRT-3…
Roque: Tariff on Philippine exports to US stands at 19% for now, further cut possible
July 28, 2025 | 12:00 am
MANILA — Trade Secretary Cristina Roque said the 19% tariff on Philippine exports to the United States, as recently announced by US President Donald Trump, is not yet final and could still be lowered in future negotiations…
19% tariff on Philippine exports to US still provisional — envoy
July 26, 2025 | 12:02 am
MANILA — The 19% tariff rate on Philippine exports to the United States, announced during the recent meeting between President Ferdinand R. Marcos Jr. and U.S. President Donald Trump in Washington D.C., is not yet final and remains under negotiation, Philippine Ambassador to the U.S. Jose Manuel “Babe” Romualdez said…
More depositors covered as PDIC doubles maximum insurance to P1 million
July 26, 2025 | 12:00 am
MANILA — More bank depositors are now covered by government protection following the Philippine Deposit Insurance Corporation’s (PDIC) move to double the maximum deposit insurance coverage (MDIC) to P1 million per depositor, per bank starting March 15, 2025…
Mandaue reclamation project to proceed after 2 decades
July 25, 2025 | 12:03 am
MANDAUE CITY – The long-delayed Mandaue City reclamation project will finally proceed, more than 20 years after its initial approval, according to the Mandaue Land Consortium (MLC), a member of the Wenceslao Group of Companies…
Gov’t health schemes top 2024 spending as total health outlay hits P1.56T
July 25, 2025 | 12:02 am
MANILA – Government-run and compulsory contributory health care financing schemes accounted for the largest share of the country’s health spending in 2024, according to the latest data released by the Philippine Statistics Authority (PSA)…
No tariff cuts for agri; US pharma, food inputs get 0 duty
July 25, 2025 | 12:00 am
MANILA—The Philippines preserved tariff protections for key agricultural sectors under its ongoing trade talks with the United States, while selectively opening its market to U.S. pharmaceutical products and food inputs, Malacañang said Thursday…
Philippines to post 2nd-highest growth in Southeast Asia despite outlook downgrade — ADB
July 24, 2025 | 12:02 am
MANILA – The Philippines is projected to record the second-highest economic growth in Southeast Asia this year despite a downgraded outlook due to persistent external headwinds, according to the Asian Development Bank (ADB)…
Starbucks Festival Mall slammed over discriminatory tagging of PWDs
July 24, 2025 | 12:00 am
MANILA — The National Council on Disability Affairs (NCDA) has condemned the reported practice at Starbucks, Festival Mall in Muntinlupa City, where customers with disabilities were allegedly “tagged” or “marked” based on their disability types, calling the act a violation of the Magna Carta for Persons with Disabilities…
High cost keeps millions of Filipinos offline despite wider internet access
July 22, 2025 | 12:05 am
MANILA – Nearly half of all Filipino households now have internet access at home, but the high cost of subscription remains a major barrier for millions, according to the Philippine Statistics Authority (PSA)…
Philippines posts $226-M BOP surplus in June, reverses year-ago deficit
July 19, 2025 | 12:03 am
MANILA, Philippines – The Philippines recorded a balance of payments (BOP) surplus of US$226 million in June 2025, reversing the US$155 million deficit logged in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported…
Digital workers drive surge in online tax compliance — report
July 19, 2025 | 12:02 am
MANILA, Philippines — The country’s digital workforce, including freelancers, online sellers, and micro-business owners, is rapidly changing how Filipinos earn and comply with taxes, according to the newly released “State of Online Taxation 2025” report from Taxumo…
Caltex to implement fuel price hike Thursday
July 16, 2025 | 7:00 pm
MANILA, Philippines – Caltex will implement another round of fuel price increases at 6:01 a.m. on Thursday, the oil firm announced Wednesday…
Philippines’ stocks, peso fall as tariff jitters and US rate concerns weigh on markets
July 16, 2025 | 12:04 am
MANILA – Fears over escalating US tariff measures and cautious sentiment ahead of key US economic data sent both the Philippine Stock Exchange index (PSEi) and the peso lower on Tuesday…
Palay production cost averages P14.52/kg in 2024; highest in Central Visayas, lowest in Eastern Visayas
July 16, 2025 | 12:04 am
MANILA — The average cost of producing palay in the Philippines reached ₱14.52 per kilogram in 2024, according to the latest data based on the 2022 benchmark from the Survey on Costs and Returns of Palay Production…
OFW cash remittances up 2.9% in May; sea-based workers post faster growth
July 16, 2025 | 12:01 am
MANILA — Cash remittances sent by overseas Filipinos (OFs) continued to rise in May 2025, reaching US\$2.66 billion, a 2.9% increase from US\$2.58 billion recorded in the same month last year, according to official data…
PH ranks 2nd globally in investor relations, transparency — report
July 14, 2025 | 12:04 am
MANILA — The Philippines ranked second out of 54 countries in the 2025 Investor Relations and Debt Transparency Report of the Institute of International Finance (IIF), reflecting continued improvements in investor engagement and data transparency…
Philippines lifts import ban on poultry products from Japan as bird flu threat ends
July 14, 2025 | 12:03 am
MANILA, Philippines — The Department of Agriculture (DA) has lifted its temporary ban on the importation of domestic and wild birds and their by-products from Japan, after the country was officially declared free of highly pathogenic avian influenza (HPAI)…
PH banks’ bad loan ratio eases to 3.38% in May — BSP
July 12, 2025 | 1:10 am
MANILA, Philippines — The share of non-performing loans (NPLs) to total loans of Philippine banks slightly eased to 3.38% in May 2025, according to data released by the Bangko Sentral ng Pilipinas (BSP)…
PDIC brings ‘Understanding Deposit Insurance’ forum to Cebu City
July 12, 2025 | 12:43 am
CEBU CITY — The Philippine Deposit Insurance Corporation (PDIC), in partnership with the Philippine Information Agency (PIA) Central Visayas Regional Office, held the Visayas run of “PDIC 101: Understanding Deposit Insurance” on July 11, 2025, at the Cebu Parklane International Hotel…
Foreign investment inflows rise 7.1% in April, led by Japan, manufacturing sector
July 11, 2025 | 12:04 am
MANILA, Philippines — Net foreign direct investments (FDI) into the Philippines grew by 7.1 percent in April 2025, driven mainly by higher investments from Japan and increased inflows into the manufacturing sector, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP)…
Philippines keen on US trade ties despite 20% tariff
July 11, 2025 | 12:02 am
MANILA, Philippines — The Philippine government remains hopeful about strengthening economic ties with the United States, even as it assesses the impact of Washington’s decision to impose a 20 percent tariff on all Philippine exports starting August 1…
Philippines’ stocks drop on US tariff concerns, peso inches up
July 11, 2025 | 12:00 am
MANILA — The Philippine Stock Exchange index (PSEi) slipped on Thursday as investor sentiment soured over the United States’ decision to impose a higher 20 percent tariff on Philippine exports starting August 1…
PH officials to fly to US for talks on 20% Trump-imposed tariff on exports
July 11, 2025 | 12:00 am
MANILA, Philippines — Philippine officials will head to the United States next week to discuss the recently imposed 20 percent tariff on Philippine exports — a rate higher than the 17 percent earlier announced in April — and set to take effect on August 1, 2025…
Xpress Super App launches pilot moto taxi service in Boracay
July 10, 2025 | 12:25 am
BORACAY — New mobility player Xpress Super App has launched its pilot Moto Taxi service on the island of Boracay, following its successful rollout across Greater Metro Manila. The expansion marks a significant step toward modernizing transportation on the world-famous tourist destination…
Chevron to raise fuel prices starting July 10
July 10, 2025 | 12:12 am
MANILA – Chevron Philippines, Inc. announced on Wednesday that it will increase the prices of its fuel products effective 6:01 a.m. on Thursday, July 10…
URC appoints Karen Ong as new Chief Marketing Officer to drive regional brand expansion
July 10, 2025 | 12:02 am
MANILA, Philippines—Universal Robina Corporation (URC) has appointed Karen Ong as its new Chief Marketing Officer, as the company intensifies efforts to expand its brand footprint across Southeast Asia…
PAL to resume Manila-Sapporo direct flights starting Nov
July 9, 2025 | 2:16 am
MANILA — Philippine Airlines (PAL) announced on the resumption of its nonstop flights between Manila and Sapporo, Japan beginning November 24, marking the flag carrier’s return to the route after a four-year hiatus…
Sprout launches Sidekick Central to close AI productivity gap in Philippine workplaces
July 9, 2025 | 1:02 am
MANILA, Philippines — As Philippine organizations struggle with fragmented AI solutions and growing administrative inefficiencies, HR tech company Sprout Solutions has launched Sidekick Central, a multi-functional suite of AI assistants built to streamline workflows and boost productivity across HR, payroll, and operations…
Philippines’ unemployment drops to 3.9% in May; highest labor force participation in 2 decades
July 9, 2025 | 12:03 am
MANILA, Philippines — The country’s unemployment rate eased to 3.9 percent in May 2025, down from 4.1 percent recorded in both May 2024 and April 2025, according to the latest data from the Philippine Statistics Authority (PSA)…
Bank lending grows in May as business, consumer borrowing rise: BSP
July 8, 2025 | 2:05 am
MANILA, Philippines — Outstanding loans issued by universal and commercial banks (U/KBs) in the Philippines continued to grow in May 2025, with credit activity boosted by both business and consumer demand, the Bangko Sentral ng Pilipinas (BSP) reported…
Philippines’ gross international reserves edge up to $105.3B in June
July 8, 2025 | 2:00 am
MANILA, Philippines — The country’ gross international reserves (GIR) rose slightly in June 2025, driven mainly by foreign currency deposits from the national government and investment income from the Bangko Sentral ng Pilipinas (BSP), according to preliminary BSP data released…
Philippines’ inflation ticks up to 1.4% in June 2025; NCR posts steeper increase
July 4, 2025 | 12:35 pm
MANILA, Philippines — The Philippines’ headline inflation rose slightly to 1.4 percent in June 2025, up from 1.3 percent in May, according to the Philippine Statistics Authority (PSA)…
BSP to issue circular protecting digital platform users from online gambling risks
July 4, 2025 | 5:07 am
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to release a circular aimed at shielding users of digital financial platforms from the risks of online gambling, as part of its broader agenda to promote financial consumer protection and overall financial well-being…
Meralco to energize 2-3k protected-area households via solar power starting 2026
July 4, 2025 | 5:04 am
MANILA, Philippines — The Manila Electric Company (Meralco) plans to provide electricity to around 2,000 to 3,000 households located within Department of Environment and Natural Resources (DENR)-protected areas in its franchise zone by 2026 through the use of solar home systems…
PH manufacturing rebounds in June, posts modest gains — S&P Global
July 2, 2025 | 12:05 am
MANILA, Philippines — The Philippines’ manufacturing sector showed signs of recovery in June 2025, regaining momentum after a slowdown in May, S&P Global reported…
PH balance of payments seen to post 1% GDP deficit in 2025–2026 — BSP
July 1, 2025 | 5:05 am
MANILA, Philippines — The Philippines is expected to post balance of payments (BOP) deficits equivalent to about 1 percent of gross domestic product (GDP) in 2025 and 2026, the Bangko Sentral ng Pilipinas (BSP) said, citing persistent current account shortfalls and subdued financial inflows…
Export, import price indices inch up in Q1 2025—PSA
July 1, 2025 | 5:03 am
MANILA, Philippines — The unit value index (UVI) of both exported and imported goods posted a slight annual increase of 0.1 percent in the first quarter of 2025, according to the Philippine Statistics Authority (PSA), reversing the declines seen in the previous quarter…
PH shares dip as investors pocket gains; peso strengthens
July 1, 2025 | 5:02 am
MANILA, Philippines — Philippine shares slipped on Monday as investors booked gains ahead of key economic data releases, while the peso strengthened against the US dollar…
BSP sees June inflation at 1.1% to 1.9% amid mixed price movements
July 1, 2025 | 12:01 am
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) projects inflation in June 2025 to settle between 1.1 percent and 1.9 percent, with mixed price movements influencing the overall rate…
FAST Logistics extends support to Nueva Vizcaya farmers, MSMEs with new supply chain hub
June 30, 2025 | 11:14 am
MANILA – FAST Logistics Group, the country’s leading end-to-end logistics provider, is expanding its support for farmers and micro, small, and medium enterprises (MSMEs) in Nueva Vizcaya by boosting market access and improving transport systems through a newly launched logistics initiative…
Filipino consumers more optimistic for Q3 2025 — BSP
June 30, 2025 | 12:31 am
MANILA – Filipino consumers are entering the third quarter of 2025 with renewed optimism, expecting better job opportunities, higher incomes, and stable inflation, the Bangko Sentral ng Pilipinas (BSP) said in its latest Consumer Expectations Survey (CES)…
zoOsh launches PH’s first hijab perfume mist for Muslim women
June 30, 2025 | 12:28 am
METRO MANILA, PHILIPPINES – Local lifestyle brand zoOsh has launched the Philippines’ first Hijab Perfume Mist, a halal-conscious, fabric-safe fragrance designed specifically for hijabi women…
Housing prices rise in Q1 2025, but at slower pace — BSP
June 28, 2025 | 5:04 am
MANILA — Housing prices in the Philippines continued to climb in the first quarter of 2025, though at a slower pace compared to the previous quarter, the Bangko Sentral ng Pilipinas (BSP) reported…
PH gross savings hit P7.7T in 2024, led by corporations — PSA
June 27, 2025 | 12:07 am
MANILA, Philippines — The country’s total gross savings reached P7.70 trillion in 2024, growing steadily across all institutional sectors, according to the Philippine Statistics Authority (PSA)…
DTI assures ‘steady supply, reasonable prices’ of basic goods amid Israel-Iran tensions
June 27, 2025 | 12:01 am
MANILA — The Department of Trade and Industry (DTI) assured the public of a stable supply of basic goods and committed to keeping prices within reasonable levels, amid fears of fuel-driven inflation stemming from the ongoing conflict between Iran and Israel…
Shares climb, peso strengthens as markets welcome Israel-Iran ceasefire
June 26, 2025 | 12:04 am
MANILA, Philippines — The Philippine Stock Exchange index (PSEi) rose on Wednesday, buoyed by investor optimism over the ceasefire between Israel and Iran, while the peso strengthened, returning to the 56 to a dollar level…
DA to build 99 cold storage facilities to boost food security, reduce post-harvest losses
June 26, 2025 | 12:02 am
BORACAY ISLAND, Philippines — The Department of Agriculture (DA) is accelerating the development of cold storage infrastructure nationwide, with the rollout of 99 modular and mega cold storage warehouses starting this year, Agriculture Secretary Francisco P. Tiu Laurel Jr. said Thursday…
ERC to release rooftop solar rules by Q3, paving way for wider household adoption — DOE
June 26, 2025 | 12:00 am
MANILA, Philippines — The Department of Energy (DOE) on Wednesday said it expects a significant increase in household investments in rooftop solar energy once the Energy Regulatory Commission (ERC) releases its long-awaited rules by the third quarter of 2025…
Bitget partners with UNICEF Luxembourg to boost blockchain literacy among youth and girls globally
June 25, 2025 | 12:03 am
MANILA, Philippines — Cryptocurrency exchange and Web3 company Bitget has announced a three-year partnership with UNICEF Luxembourg to promote digital skills and blockchain education among youth, particularly adolescent girls, across eight developing countries…
S&P upgrades PH 2025 growth forecast to 6.1% on strong domestic demand, resilience
June 25, 2025 | 12:00 am
MANILA, Philippines — Global credit rater S&P Global Ratings has raised its 2025 gross domestic product (GDP) growth forecast for the Philippines to 6.1 percent, up from 5.9 percent in May, citing strong domestic demand and economic resilience amid lingering global trade uncertainties…
PH stocks sink, peso weakens amid Israel-Iran tensions
June 24, 2025 | 12:07 am
MANILA, Philippines –Philippine shares dropped sharply on Monday as escalating tensions between Israel and Iran rattled global markets, while the peso also weakened against the US dollar…
Photo: Landbank of the Philippines
‘Agrisenso Plus Lending Program’ rolled out in Bukidnon; Over 1,200 farmers, fishers join launch
June 23, 2025 | 8:43 am
MANILA, Philippines –The Land Bank of the Philippines (LANDBANK) launched its flagship AGRISENSO Plus Lending Program in Malaybalay City, Bukidnon on June 20, marking the initiative’s first major rollout in Mindanao…
AI job platform ‘MyGlit’ targets smarter BPO hiring in PH
June 23, 2025 | 12:03 am
MANILA, Philippines – The Philippines’ business process outsourcing (BPO) sector, a key employment driver, is tapping artificial intelligence to address long-standing recruitment challenges through MyGlit, a job-matching platform designed for high-volume hiring…
PDIC to auction off 73 closed bank properties in July
June 21, 2025 | 6:03 am
MANILA, Philippines – The Philippine Deposit Insurance Corporation (PDIC) announced it will publicly auction 73 properties from closed banks through electronic bidding scheduled from July 23 to 24, 2025…
Tourism sector contributes P2.35T to PH economy in 2024, accounts for 8.9% of GDP
June 20, 2025 | 4:02 am
MANILA, Philippines — The tourism sector contributed P2.35 trillion to the Philippine economy in 2024, accounting for 8.9 percent of the country’s Gross Domestic Product (GDP) at current prices, according to the Philippine Statistics Authority (PSA…
(From left) BSP Deputy Governor Bernadette Romulo-Puyat, Insurance Commission’s Atty. Juan Paolo P. Roxas, BSP Deputy Governor Chuchi G. Fonacier, SEC Assistant Director Paolo R. Cruz, PDIC President Roberto B. Tan and Corporate Affairs Vice President Jose G. Villaret, Jr. led the “turning of the key” ceremony of the “Protect Your Money” campaign. )(Photo by BSP)
Gov’t financial agencies relaunch ‘Protect Your Money’ drive vs scams
June 19, 2025 | 12:05 am
MANILA, Philippines — The Financial Sector Forum (FSF) has relaunched its “Protect Your Money” (PYM) campaign to help Filipinos spot financial scams and make smarter money decisions amid rising digital fraud threats…
Overseas Filipinos sent $2.97-B in remittances in April
June 18, 2025 | 5:02 am
MANILA, Philippines — Personal remittances from overseas Filipinos (OFs) rose to US$2.97 billion in April 2025, marking a 4.1 percent increase from the US$2.86 billion recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported…
PDIC kicks off 23rd depositor protection and awareness week
June 18, 2025 | 4:58 am
MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) on Monday launched the 23rd Depositor Protection and Awareness Week (DPAW), highlighting strengthened depositor safeguards following the recent increase in the country’s deposit insurance coverage…
Photo: Bob Reyes
Globe’s mobile subscribers reach 61.6-M in Q1 2025
June 17, 2025 | 5:00 am
MANILA, Philippines — Globe Telecom recorded 61.6 million mobile subscribers by the end of March 2025, reflecting a 5% increase from 58.8 million during the same period last year, the company said Monday…
Grab PH launches fully electric taxi fleet in Metro Manila
June 16, 2025 | 5:15 am
MANILA, Philippines — Grab Philippines has officially launched the country’s first fully electric, on-demand taxi fleet recognized by the Land Transportation Franchising and Regulatory Board (LTFRB), in a bid to push for more sustainable transport options in the country…
BSP inaugurates one-stop service hub in Manila
June 14, 2025 | 6:47 am
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has officially opened the “BSP Hub,” a one-stop facility aimed at making BSP services more accessible to the public…
Cebu Pacific launches P12 Independence Day seat sale for domestic, international routes
June 12, 2025 | 6:02 am
MANILA, Philippines — Budget carrier Cebu Pacific has rolled out its Independence Day seat sale, offering one-way base fares for as low as P12 to select domestic and international destinations…
Economic managers warn proposed wage hike may hurt economy, raise inflation
June 12, 2025 | 6:00 am
MANILA, Philippines — President Ferdinand R. Marcos Jr.’s economic managers have warned against the proposed across-the-board minimum wage hike in the private sector, citing potential negative impacts on inflation, employment, and overall economic growth…
FilChi biz group lauds Right of Way Bill passage
June 11, 2025 | 6:01 am
MANILA, Philippines— The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) lauded the passage of the Right of Way Bill, calling it a key reform that will fast-track infrastructure development in the country…
FilChi biz group wants urgent passage of Right of Way bill to solve infrastructure crisis
June 10, 2025 | 6:00 am
MANILA, Philippines — The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) urged the 19th Congress to immediately pass the proposed amendments to the Right of Way (ROW) law, calling it a crucial step toward solving the country’s worsening infrastructure bottlenecks…
PDIC sets July 9-10 e-bidding for closed bank properties in Luzon, Visayas
June 10, 2025 | 5:59 am
MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) announced it will conduct an electronic public bidding for 42 properties from closed banks located in Luzon and the Visayas from July 9 to 10, 2025…
Philippines’ gross international reserves rise to $105.5-B in May
June 9, 2025 | 6:30 am
MANILA, Philippines — The Philippines’ gross international reserves (GIR) increased slightly from US$105.3 billion at the end of April 2025 to US$105.5 billion as of the end of May 2025, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP)…
Philippine unemployment rate slightly rises to 4.1% in April
June 9, 2025 | 6:28 am
MANILA, Philippines — The Philippines’ unemployment rate in April 2025 was estimated at 4.1 percent, a slight increase from 4.0 percent recorded in the same month last year, the Philippine Statistics Authority (PSA) reported…
PDIC posts 24.7% increase in asset sales for 2024
June 4, 2025 | 6:32 am
MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) reported a 24.7 percentincrease in asset disposal revenue for 2024, generating P411.4 million from the sale of 281 properties—up from P330 million the previous year…
PDIC begins deposit insurance payments for closed Oriental Tamaraw Rural Bank of Naujan
June 3, 2025 | 6:00 am
MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) has started paying deposit insurance to eligible depositors of the closed Oriental Tamaraw Rural Bank of Naujan (Oriental Mindoro), Inc…
ACR reaffirms commitment to energy security, sustainable growth
May 31, 2025 | 7:17 am
Alsons Consolidated Resources, Inc. (ACR) reaffirmed its commitment to delivering safe, reliable, and affordable energy to Mindanao and beyond during its Annual Stockholders’ Meeting held on May 29….
Bitget, Cryptita Plays launch Young Learners’ Encyclopedia to inspire next-gen blockchain enthusiasts
May 29, 2025 | 11:12 am
Bitget, the leading cryptocurrency exchange and Web3 company, has announced its collaboration with Cryptita Plays on the Young Learners’ Encyclopedia, an illustrated book designed to introduce blockchain and crypto concepts to youths through engaging stories and visuals…
ILDEX Philippines 2025 expands to halls 1–4 at SMX Manila, sets new benchmark for livestock industry
May 29, 2025 | 8:11 am
ILDEX Philippines, the leading international exhibition for the livestock, dairy, meat processing, and aquaculture industries, is proud to announce its expansion to Hall 4 at the SMX Convention Center Manila. Taking place from 27–29 August 2025, this expansion marks the largest edition in the show’s history, reinforcing ILDEX Philippines’ role as the premier platform for the industry in Southeast Asia…
bneXt partners with Tehama Technologies to deliver secure, tailored hybrid work solutions
May 26, 2025 | 8:08 am
MANILA, Philippines— In a strategic move set to redefine the hybrid work landscape in the Asia-Pacific region, bneXt Inc., a leading digital transformation consultancy and SAP Gold Partner in the Philippines, has partnered with Canada-based Tehama Technologies, a leader in secure cybersecurity, virtual desktop infrastructure (VDI) and hybrid work enablement. The collaboration aims to deliver customizable, secure, and scalable digital workplace solutions for businesses navigating the complexities of today’s decentralized work environments and evolving security challenges…
PH economy grows 5.4% in Q1 2025
May 9, 2025 | 8:08 am
MANILA, Philippines— The Philippine economy grew by 5.4 percent in the first quarter of 2025, driven by strong consumer spending and robust activity in key industries, data from the Philippine Statistics Authority (PSA) showed…
BSP flags continued growth of PH financial institutions in Q2 of 2024
May 7, 2025 | 8:46 am
MANILA, Philippines— Financial institutions under the supervision of the Bangko Sentral ng Pilipinas (BSP) maintained a steady growth trajectory in the second half of 2024, supported by stronger balance sheets, income gains, and a wider reach across digital and physical platforms, the central bank said in a new report…
PH inflation sinks to 5-year low in April, but housing, rent costs climb
May 7, 2025 | 8:22 am
MANILA, Philippines— The Philippines’ headline inflation rate dropped to its lowest level in over five years in April 2025, falling to 1.4 percent from 1.8 percent in March, according to the Philippine Statistics Authority (PSA)…
April inflation seen staying low at 1.3% to 2.1%
May 1, 2025 | 8:12 am
MANILA, Philippines—The Bangko Sentral ng Pilipinas (BSP) projects inflation in April 2025 to remain low, likely settling between 1.3 to 2.1 percent…
What’s in a name? Cemex takes a new one–Concreat
April 28, 2025 | 12:32 pm
CEMEX Holdings Philippines is now officially Concreat Holdings Philippines, Inc. following the approval of the Securities and Exchange Commission (SEC) on April 25…
𝗝𝗼𝗷𝗼 𝗖𝗮𝗿𝗽𝗶𝗼 𝗿𝗶𝘀𝗲𝘀 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗿𝗮𝗻𝗸𝘀 𝗮𝘀 𝗻𝗲𝘄 𝗔𝗙 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗖𝗘𝗢
April 21, 2025 | 2:49 pm
MAKATI CITY, Philippines—AF Payments Inc. (AFPI), the company behind beep™ cards and the fare collection system in Metro Manila’s light rail network, has announced the appointment of Remigio “Jojo” Carpio Jr. as its new President and Chief Executive Officer. He succeeds Jonathan Juan “JJ” Moreno, who led the company through a transformative period of growth, innovation, and expanded partnerships in the mobility space…
FAST Logistics Inks Deal with DTI CamSur, Bicol Entrepreneursto Boost Logistics Support for MSMEs
April 20, 2025 | 11:01 am
FAST CEO for Logistics Manuel L. Onrejas Jr. signed a Memorandum of Partnership Agreement (MOPA) with DTI Camarines Sur Provincial Director Jay Percival S. Ablan and BEA Auditor Salve SL. San Juan during the opening rites of Feria De Camarines, an annual trade fair showcasing premium food products in Camarines Sur, held on Thursday, April 10, at Robinsons Place Naga…
Overseas Filipino remittances up 2.6% in Feb
April 16, 2025 | 7:57 am
MANILA, Philippines — Personal remittances from Overseas Filipinos (OFs) reached US$3.02 billion in February 2025, a 2.6 percent increase from US$2.95 billion recorded in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP)…
PH may see ‘slight’ impact from Trump-imposed 17% tariff in 2 years, says economic czar
April 11, 2025 | 8:08 am
MANILA, Philippines — Despite the Philippines benefiting from one of the lowest tariffs in Asia, Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go acknowledged that the 17 percent tariff imposed by the United States could still have a slight impact on the country’s economy over the next two years…
FAST Logistics launches new venture studio to accelerate logistics innovation
April 7, 2025 | 11:59 pm
FAST Logistics Group, the country’s leading end-to-end logistics company, has launched the Philippines’ first venture studio dedicated to logistics innovation…
The Nest sets the bar high for an unforgettable dining under the stars
April 7, 2025 | 3:47 pm
Dining in the sky never looked this perfect…
PH inflation slows to 1.8% in March
April 4, 2025 | 11:33 am
MANILA, Philippines — The country’s inflation eased for the third straight month in March 2025, settling at 1.8 percent, down from 2.1 percent in February, the Philippine Statistics Authority (PSA) reported on Friday…
PH banks’ foreign currency loans rise in Q4 2024, reaching $15.82-B
April 2, 2025 | 7:50 am
MANILA, Philippines — Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks reached US$15.82 billion as of end-December 2024, reflecting a 0.5 percent increase (or US$72.43 million) from the previous quarter’s level of US$15.75 billion, the Bangko Sentral ng Pilipins (BSP) said…
Xpress Supper App: Your Boracay Island Transportation Solution
March 31, 2025 | 1:18 pm
Xpress Super App is a pioneering transportation solution from the Philippines that delivers seamless ride-hailing services across Metro Manila and Boracay. Offering insured e-trike rides, moto and car taxi options, and innovative digital features, Xpress empowers commuters and drivers with efficiency, safety, and sustainable travel—revolutionizing urban mobility across islands…
Photo: Alsons Power
Women engineers take charge in power industry at Alsons Power
March 31, 2025 | 10:27 am
For years, the energy industry has been dominated by men. But at Alsons Power, a new wave of female engineers is reshaping the field, proving that expertise and determination matter more than gender…
Photo: Agadpay
‘AgadPay’ launches in PH to provide ‘earned wage access’ for Filipino workers
March 27, 2025 | 7:59 am
MANILA, Philippines — Filipino employees now have a secure and convenient way to access their earned wages before payday with the nationwide launch of AgadPay, a new Earned Wage Access (EWA) platform…
BSP sees PH weaker payments position in 2025-2026 due to slower global trade, ‘subdued’ investor confidence
March 25, 2025 | 8:05 am
MANILA, Philippines — The Philippines’ balance of payments (BOP) position is projected to weaken in 2025 and 2026 due to subdued global trade and investor confidence…
Leah’s Tidbits: Former classmates in La Salle Greenhills put up resto-bar
March 24, 2025 | 2:15 pm
Getting together former high school classmates to start a business is understandably an easy venture…
Photo: PIA
PH deposit insurer raises maximum coverage to P1-M
March 20, 2025 | 9:20 am
MANILA, Philippines – The Philippine Deposit Insurance Corporation (PDIC) announced that it will increase the maximum deposit insurance coverage (MDIC) from P500,000 to P1 million per depositor, per bank…
Isidro Consunji Receives AIM Triple A Award
March 7, 2025 | 4:21 pm
Isidro A. Consunji, Chairman and President of DMCI Holdings (PSE:DMC), has been honored with the prestigious Alumni Achievement Award (Triple A) by the Asian Institute of Management (AIM). Presented during AIM’s Grand Alumni Homecoming at Le Pavillon Event Hall in Pasay City on February 22, 2025, the award recognizes his outstanding contributions to the Philippine business sector….
1.97M Filipinos unemployed in January; Bicol leads jobless tally
March 7, 2025 | 7:56 am
MANILA, Philippines—The number of unemployed Filipinos stood at 1.97 million in January 2025, with the Bicol Region registering the highest unemployment rate among all regions, data from the Philippine Statistics Authority (PSA) showed…
DMCI Mining and NAC announce strategic collaboration for nickel processing plant study
March 5, 2025 | 10:08 am
Emerging nickel producer DMCI Mining Corporation (“DMCI Mining”) and listed natural resources development firm Nickel Asia Corporation (“NAC”) signed a Memorandum of Understanding (MOU) in March 4, 2025, to explore the feasibility of developing and operating a nickel processing plant in the Philippines…
PH inflation cools to 2.1% in Feb, lowest in nearly 2 years
March 5, 2025 | 10:01 am
MANILA, Philippines — The country’s inflation rate dropped to 2.1 percent in February 2025, down from 2.9 percent in January, marking its lowest level since April 2022, according to the Philippine Statistics Authority (PSA) on Wednesday…
BSP orders banks to accept, replace unfit or mutilated currency
February 24, 2025 | 9:42 am
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has issued a reminder to all banks nationwide to accept unfit or mutilated Philippine banknotes and coins from the public, saying that it is their responsibility to facilitate their exchange and proper disposal…
Personal remittances from OFWs hit record high in Dec. 2024 — BSP
February 17, 2025 | 1:37 pm
MANILA, Philippines — Personal remittances from Overseas Filipinos (OFs) surged to an all-time high of US$3.73 billion in December 2024, marking a 3.0 percent increase from the US$3.62 billion recorded in December 2023, the Bangko Sentral ng Pilipinas (BSP) said on Monday…
Cebu Pacific to launch direct Iloilo-Bangkok flights starting March 31
February 13, 2025 | 8:03 am
MANILA, Philippines — Low-cost carrier Cebu Pacific (CEB) is set to introduce direct flights between Iloilo and Bangkok, Thailand, starting March 31…
AirAsia launches P1 fare for Valentine’s season
February 12, 2025 | 3:08 pm
MANILA, Philippines — Low-cost airline AirAsia Philippines has announced a special P1 one-way base fare promo in celebration of the Valentine’s season…
Leah’s Tidbits: Bakery Fair in March
February 8, 2025 | 2:17 pm
THE Filipino Chinese Bakery Association, Inc. announces a landmark event poised to elevate the baking industry – “Bakery Fair 2025.” Slated March 6 to 8, at the World Trade Center Manila, this premier exhibition promises to blend tradition with cutting-edge innovation, fostering growth and unity across the Philippines’ vibrant baking sector…
URC names first president of Philippine branded foods business
February 6, 2025 | 4:55 pm
Universal Robina Corporation (URC) has announced the appointment of Anna Milagros “Mian” D. David as the first President of its Branded Consumer Foods (BCF) business in the Philippines….
Batanes, Camiguin lead PH economic growth as Laguna becomes 1st trillion-peso province — PSA
February 5, 2025 | 7:22 am
MANILA, Philippines — All provinces in the Philippines recorded economic growth in 2023, with Batanes and Camiguin posting the highest expansion rates, based on the latest Provincial Product Accounts (PPA) data….
SteelAsia ships out Philippines’ largest steel export
February 2, 2025 | 11:17 am
SteelAsia Manufacturing Corp., the Philippines’ flagship steel manufacturer, shipped out last January 30 the country’s largest steel export to date…
PH GDP up 5.6% in 2024 as trade, finance, and construction rise
January 31, 2025 | 8:39 am
MANILA, Philippines — The Philippine economy expanded by 5.6 percent in 2024, fueled by strong performances in wholesale and retail trade, financial and insurance activities, and construction, according to the Philippine Statistics Authority (PSA)…
Gov’t gets 20% stake in national grid operator thru sovereign wealth fund
January 28, 2025 | 7:00 am
MANILA, Philippines — The Philippine government, through the state-run Maharlika Investment Corporation (MIC), has secured a 20 percent stake in the National Grid Corporation of the Philippines (NGCP)…
DMCI Mining set to expand operations with two new mines in 2025
January 22, 2025 | 4:13 pm
Emerging nickel producer DMCI Mining Corporation is on track to transition its operations from a single mine for most of 2024, to three active mines this year…
SteelAsia to build P30B plant in Quezon, appoints EPC
January 22, 2025 | 4:11 pm
SteelAsia Manufacturing Corp., the country’s flagship steel manufacturer, is building a P30-billion plant in Candelaria, Quezon to produce heavy structural steel products that are currently 100% imported…
Alternative healthcare for the masses launch in PRRM
January 22, 2025 | 10:14 am
The Philippine Rural Reconstruction Movement (PRRM) and the Serve the People Health and Wellness (STP-HW) Volunteers together held a soft launch for their new clinic, which would offer alternative health care to the underprivileged masses…
SC: Banks must honor borrowers’ payments
January 21, 2025 | 7:01 am
MANILA, Philippines — The Supreme Court (SC) has ruled that banks are prohibited from unreasonably refusing payments made by borrowers, stressing that such actions risk burdening borrowers with unnecessary interest and additional charges…
The Peninsula announces new partnership with Victoria and Albert Museum
January 17, 2025 | 2:47 pm
The Peninsula, which has for decades embraced a continuous commitment to ground-breaking art in its properties around the world, announced a new chapter in that longstanding kinship…
DMCI Power hits record energy sales in 2024;Semirara Wind Project on track for early 2025 operations
January 16, 2025 | 1:30 pm
Leading off-grid energy provider DMCI Power Corporation (DPC) achieved record-breaking energy sales in 2024, delivering 491.2 GWh – a 9 percent increase from the previous year…
Marcos orders DBM to reinstate P400M DOT ‘branding’ budget
January 15, 2025 | 3:12 pm
MANILA, Philippines — President Ferdinand R. Marcos Jr. has directed the Department of Budget and Management (DBM) to reinstate the PhP400 million branding budget for the Department…
PH biz sector sees uptick post-pandemic, employment rises by 3.3%
January 14, 2025 | 11:32 am
MANILA, Philippines — The Philippine economy’s formal sector saw a slight increase in establishments in 2022, growing by 0.2 percent to a total of 281,825, according to preliminary data from the 2022 Annual Survey of Philippine Business…
AirAsia offers seat sale as low as P188 for domestic, international flights
January 14, 2025 | 10:06 am
MANILA, Philippines — AirAsia launched its latest New Year seat sale, offering one-way base fares for as low as P188 to select domestic and international destinations…
PH inflation rate up by 2.9% in Dec — PSA
January 7, 2025 | 9:55 am
MANILA, Philippines — The country’s headline inflation rate has accelerated to 2.9 percent in December last year, a 0.4 percent uptick compared to the November rate, the Philippine Statistics Authority (PSA) said Tuesday…
Gerry Santos’ Mr. Freeze ice business continues to thrive after two decades
January 5, 2025 | 11:04 am
Businessman-turned-TV host Gerry Santos of the first season of Negosyo Goals back in 2022, started the popular Mr. Freeze Tube Ice. When he was only five years old, Gerry’s father, Manny, started out as an ice distributor. He saw how his father painstakingly…
Former artist-model shifts interest to helping people (and get the most out of their finances)
January 5, 2025 | 10:55 am
There are a number of young people who undoubtedly want to make it big in showbiz. However, it is rare for an artist who already experienced being in front of the TV cameras and the glare of the klieg lights to leave and pursue a different career…
Senseñeres: An open letter to President Marcos Jr.
January 1, 2025 | 9:04 am
Your Excellency,
Subject: Opportunity to Combat Plastic Pollution Using Imidazole-Based Technology. I hope this letter finds you in good health and high spirits…
A Homegrown Solution: How Xpress Supports Local Talent and Innovation
December 23, 2024 | 11:43 am
MANILA, Philippines – In a world dominated by global tech giants, Xpress Super App stands out as a proudly Filipino solution reshaping urban mobility. Backed by local investment, Xpress is more…
Senseñeres: The quest for the Filipino car
December 9, 2024 | 10:57 am
MY dear countrymen, some of you might remember the Ford Fiera and the Volkswagen Sakbayan. Both were built with foreign engines, but I believe in my heart that as far as I am concerned, they were Filipino cars, as Filipino as the jeepneys that were also built with foreign engines…
URC opens state-of-the-art flour mill in Quezon
December 4, 2024 | 5:37 pm
Universal Robina Corp. (URC), one of the country’s largest food and beverage firms, opened a new mill in Sariaya town, in Quezon Province, to further boost its production of quality flour. URC Flour Sariaya will raise URC Flour’s capacity, from 2,180 MT per day to about 3,500 MT per day…
Consunji Group finalizes acquisition of majority stake in CEMEX Holdings Philippines
December 4, 2024 | 5:35 pm
The Consunji Group, through its diversified engineering conglomerate DMCI Holdings, Inc. (PSE: DMC), Semirara Mining and Power Corporation (PSE: SCC) and Dacon Corporation, announced today that it has successfully completed its acquisition of Cemex Asian South East Corporation (CASEC) with a purchase price of $272 million…
DENR, Davao corp ink deal to boost agroforestry, rural development in PH
December 4, 2024 | 2:02 pm
MANILA, Philippines — The Department of Environment and Natural Resources (DENR) and Southern Davao Agroforest Resources Corporation (SDAFRC) have entered into a Joint Venture Agreement (JVA) aimed at developing a 199.51-hectare forestland in Sta. Maria, Davao Occidental for agroforestry purposes…
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