Ride-hailing platform inDrive has joined forces with SEAOIL Philippines, Inc. to introduce a driver loyalty program aimed at offering rewards and incentives to its driver network. At the ceremonial signing in Quezon City last week, Vanessa Taqueban, inDrive’s driver operations lead in the Philippines, explained that the partnership seeks to foster a sustainable and empowering environment for their drivers. “Together, …

Department of Trade and Industry (DTI) Secretary Cristina Roque recently met with top executives of Taiheiyo Cement Corporation in Tokyo to reaffirm the Philippine government’s commitment to supporting the cement industry’s growth and sustainability. According to a statement from the DTI on Thursday, the meeting, held on May 19, highlighted Taiheiyo’s PHP3.72 billion investment in a new Luzon Distribution Terminal …

The Contact Center Association of the Philippines (CCAP) has thrown its full support behind the recently enacted Enterprise-Based Education and Training (EBET) law, citing its potential to close the skills gap in the labor market. During a recent press conference in Makati City, CCAP president Haidee Enriquez commended the government for formally recognizing the essential role of enterprises in shaping …

SM Prime Holdings, Inc. is set to invest PHP1.7 billion in the construction of the SMX Center for International Trade and Exhibitions (SMXCITE), a new 18,000-square-meter facility that aims to elevate Metro Manila’s status as a premier destination for global trade expositions. According to a statement released last week, SMXCITE will be located within the bustling SM Mall of Asia …

The Department of Finance (DOF) expects dividends from government-owned and controlled corporations (GOCCs) to exceed PHP100 billion this year, signaling another strong performance in non-tax revenue collection. As of May 15, the DOF reported that GOCCs had already remitted over P76 billion in dividends, with contributions coming from about 50 entities. Among the top contributors were the Land Bank of …

The Philippine Deposit Insurance Corporation (PDIC) has officially expanded its deposit insurance coverage to include Islamic banks (IBs) and Islamic banking units (IBUs), ensuring that depositors in these institutions enjoy the same level of protection as those in conventional banks. In a statement released Wednesday, PDIC confirmed that Islamic bank deposits are now insured up to the Maximum Deposit Insurance …

The Bangko Sentral ng Pilipinas (BSP) has joined forces with the Microfinance Council of the Philippines, Inc. (MCPI) and the Rural Bankers Association of the Philippines, Inc. (RBAP) to broaden financial education initiatives for underserved communities. Through this partnership, BSP, MCPI, and RBAP will provide training to microfinance institutions and rural banks, equipping them to deliver financial learning sessions aimed …

Despite global uncertainties, the Philippine economy remains resilient and is poised for moderate growth, according to the International Monetary Fund (IMF). Following a series of consultations in Manila from May 14 to 20, IMF Mission Chief Elif Arbatli Saxegaard reported that the country’s gross domestic product is projected to expand by 5.5% in 2025 and 5.8% in 2026. “The Philippine …

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Friday that at least two additional interest rate cuts could be implemented this year, supported by easing inflation and improved economic conditions. “So far, the hard data says we have plenty of room to cut, especially since inflation is low,” Remolona said during a press briefing at the BSP …

The Bangko Sentral ng Pilipinas (BSP) warns the public regarding the fraudulent use of BSP Deputy Governor Chuchi G. Fonacier’s image to offer online jobs. The BSP said it has received reports of unsolicited Viber messages from a sender using the Deputy Governor’s photo, offering jobs in an e-commerce company with daily earnings ranging from P500 to P5,000. The BSP …