Insured deposits in the Philippine banking system surged to ₱5.2 trillion last year, reflecting stronger depositor protection and growing confidence in the financial sector, the state deposit insurer said. The Philippine Deposit Insurance Corporation reported that the total rose by 40.9 percent from ₱3.7 trillion in 2024, marking a significant expansion of the country’s financial safety net. A key driver …

The Philippine banking system posted stronger asset growth in February, reflecting continued expansion in lending activity and steady investor confidence, according to data from the Bangko Sentral ng Pilipinas. Latest figures showed total banking assets reached ₱29.19 trillion in February, up 8.3 percent from ₱26.95 trillion a year earlier. The total was also slightly higher than the ₱29.11 trillion recorded …

Mitsubishi Triton is presented by Mitsubishi Motors Philippines Corp with striking black accents both inside and out, giving it a more commanding and more rugged presence. With its bold new tagline, “Born For The Grind,” the Triton reinforces its identity as a pickup truck built not only for tough jobs, but also for the everyday hustle of Filipino drivers on …

Ford Philippines extended its special promotions and offers that make the ownership experience more within reach with bigger cash discounts, low all-in downpayment deals, low monthly fees, and interest-free financing for the Ford Ranger, Everest, Territory Hybrid, Explorer and Mustang Mach-E. The Territory Hybrid Titanium X comes with a bigger cash discount of P50,000 or on a lower all-in downpayment …

The sizzling hot summer will once again showcase an annual golf extravaganza this May 16 that features a bevy of golfing celebrities and friends of the organizing Charles and Lorena Solano and their children.  The 11th Sylpauljoyce Cup Golf Tournament 2026 is not just a gathering at the Fernando Air Base Golf Club in Lipa City, Batangas but to raise …

Operating your vehicle in a crowded metropolis requires investing in insurance from a reliable company. That’s why you need Uni-Vanguard, which is more than just your typical insurance agency. Under the supervision of the Insurance Commission, Uni-Vanguard is a system-driven institution designed to lead, standardize, and scale the delivery of non-life insurance services in the Philippines. As a multi-division structure …

Suzuki Philippines Incorporated is expanding and has recently broken ground for the construction of its Integrated Parts Warehouse, Service Training Center and Office Facilities in Carmelray Industrial Park 1 in Laguna. More than P900-million has been earmarked for the project which is scheduled for construction starting this May and is expected to be finished by August next year. “This groundbreaking …

By DIEGO C. CAGAHASTIAN TWO business-related developments coming from the United States government dominated the headlines in local media over the weekend—the first about the US Department of War’s plan to develop an oil storage facility in the Davao Region and second, the construction of a sprawling industrial hub in Central Luzon to secure Artificial Intelligence (AI) and semiconductor supply …

“Go easy on helping the poor.  Make your ayuda program only temporary, you do not have much money.” This was— in layman’s language— what Krishna Srinivasan, director for the Asia and Pacific Department of the International Monetary Fund (IMF), advised the Philippine government under President Ferdinand Marcos Jr. and other similarly situated states in Southeast Asia, in the face of …

Users of electricity within the Manila Electric Co. (Meralco) franchise will face higher electricity rates starting in September after the Energy Regulatory Commission (ERC) approved the recovery of more than P4 billion in costs tied to a major gas plant owned by its affiliate. In an order promulgated on April 14, the ERC gave Meralco the go signal to recover …