DAVAO CITY – The Davao City government announced the new buses it bought from a local contractor are expected to be turned over and subsequently fielded by August or September in a move to offset the much-delayed funding for the experimental bus transport system that would replace traditional jeepneys. Dwight Tristan Domingo, manager of the Davao City Bus Project, said …

Metro Manila commuters can now pay for their MRT-3 fares, effective July 25, using their Mastercard credit, debit or prepaid cards by using designated turnstiles. Mastercard said the new capability is also available to cardholders using compatible e-wallets on NFC-enabled Android smartphones. According to Mastercard, this signifies a growing momentum for open-loop payment systems across Southeast Asia, a collaborative effort …

San Miguel Corporation (SMC) through the management of Metro Rail Transit Line 7 (MRT-7) denied they are responsible for the recent flooding along a portion of Commonwealth Avenue in Quezon City. “Its facilities near Batasan Station on Commonwealth Avenue are not the cause of the flooding that occurred in the area,” according to a statement from MRT-7 Project Management Office. …

After nine months of consultations, the Philippine Amusement and Gaming Corporation (PAGCOR) and the Ad Standards Council (ASC) on July 16 signed a landmark Memorandum of Understanding (MOU) that mandates the pre-screening and regulation of gambling-related advertisements across all media platforms. PAGCOR Chairman and CEO Alejandro H. Tengco and ASC Chairperson Golda Roldan led the ceremonial signing at the PAGCOR …

The long-awaited North-South Commuter Railway (NSCR) project is gaining full steam ahead. In a major infrastructure push, the Economy and Development (ED) Council, chaired by President Ferdinand R. Marcos Jr., approved last week the operations and maintenance of the NSCR under a public-private partnership (PPP) arrangement. The approval came during a high-level council meeting, with the Department of Economy, Planning, …

Money sent home by overseas Filipinos (OFs) continued its upward trajectory in May 2025, with cash remittances rising by 2.9% to USD2.66 billion, according to the Bangko Sentral ng Pilipinas (BSP). The figure is higher than the USD2.58 billion recorded in the same month last year. Land-based workers sent the bulk of the remittances at USD2.12 billion, while sea-based workers …

The Subic Bay Metropolitan Authority (SBMA) turned over P1.47 billion in dividends to the national government on July 14, a move hailed by the Department of Finance (DOF) as a major boost to public funding without burdening taxpayers. Finance Secretary Ralph Recto described the remittance as a product of “shared success,” highlighting its alignment with President Ferdinand R. Marcos Jr.’s …

Global cybersecurity firm Kaspersky has sounded the alarm on the growing number of financial phishing attacks, particularly those tied to cryptocurrency scams and targeting financial institutions—including thousands in the Philippines. In a statement released Monday, Kaspersky disclosed that it blocked over 10.7 million financial phishing attempts around the world in 2024, reflecting an 83% jump from the previous year. In …

In a firm move to prevent the misuse of digital financial platforms, the Bangko Sentral ng Pilipinas (BSP) is set to implement tighter regulations on payment services related to online gambling. The move comes amid growing public concern over the social and financial consequences of widespread access to gambling platforms. The BSP recently posted a draft circular outlining proposed guidelines …

The Bangko Sentral ng Pilipinas (BSP) is set to issue enhanced guidelines on digitalization for banks before the end of the year, aiming to create a more level playing field across the financial sector. Speaking at the Chamber of Thrift Banks (CTB) convention in Makati City last week, BSP Deputy Governor Chuchi Fonacier emphasized the increasing adoption of digital platforms …