The  Bangko Sentral ng Pilipinas (BSP) announces the Discount Window Facility (DWF) applicable interest rates effective Feb. 10. The new rates  are as follows: A. Peso Loan Maturity/ Rate (%)1 – 90 days — 6.922591 – 180 days — 7.0950 B. United States (US) dollar Loan Maturity/ Rate (%)1 – 90 days — 6.8028091 – 180 days — 6.80280181 – …

Retired Justice Stephen Caperiña Cruz  was re-elected as Chairman of the Board of Directors of the Philippine Postal Corporation (PHLPost). Justice Cruz officially took his oath beforePostmaster General and CEO Luis D. Carlos  and the Board of Directors last Feb. 4. The oath-taking ceremony was also attended by the Board of Directors, including Ricardo R. Blancaflor, Noel V. Dacasin,and Ernesto …

Estate Water, an operating unit of Manila Water Non-East Zone subsidiary Manila Water Philippine Ventures (MWPV), recently celebrated its ninth anniversary in the water service industry by commemorating their major feats in the past year. Established in 2016, Estate Water is a recognized water and wastewater service provider with expertise on sustainable construction, development, improvement, management and operation of water …

The Department of Trade and Industry (DTI)  and the Department of Public Works and Highways (DPWH) have renewed their commitment to the Roads Leveraging Linkages for Industry and Trade (ROLL IT) Program in Iloilo. This collaboration focuses on  completing ongoing projects from 2018 to 2024, supported by a P130 million funding allocation for nine road infrastructure projects in the region. …

The Manila International Container Terminal (MICT), International Container Terminal Services Inc.’s (ICTSI) flagship operation and the Philippines’ largest and most advanced container terminal, continues to invest in expanding capacity and improving terminal efficiency through infrastructure enhancements, equipment upgrades, and digital transformation. These investments support growing trade volumes as well as advance customer service. To meet rising demand, MICT is constructing …

LandBank and Yovel East Research and Development, Inc. (Yovel East) have  partnered to further intensify support for Filipino farmers through accessible and increased financing and greater private-sector collaboration. The partnership is set to expand the reach and impact of the LandBank AGRISENSO Plus Lending Program– designed to provide holistic and strategic support for key players in the agricultural value chain– …

Uninterrupted flow of goods and services at Central Visayas’ main cargo gateway is expected in the next several years as the Department of Transportation (DOTr) and Cebu Port Authority (CPA) broke ground on the New Cebu International Container Port (NCICP), a maritime infrastructure seen to benefit port users, local community, and the government. Transport Secretary Jaime J. Bautista said the …

The Department of Transportation (DOTr), Department of National Defense (DND), Veterans Federation of the Philippines, and Toll Regulatory Board (TRB) have signed on Monday the Right-of-Way Usage Agreement (ROWUA) for the Southeast Metro Manila Expressway (SEMME) or C6 Expressway by San Miguel Corporation (SMC) Skyway Stage 4 Corporation (MMSS4). Transport Secretary Jaime J. Bautista said the ROWUA signals another game-changing …

Exponential increase in tourism and economic activity is seen in the province of Cebu as President Ferdinand Marcos Jr. led the opening of a parallel runway at the Mactan-Cebu International Airport (MCIA). Transport Secretary Jaime J. Bautista joined the Chief Executive in inspecting the 2.56-kilometer runway, which is expected to accommodate the surge of air traffic in Cebu Province as …

The Department of Transportation (DOTr) and the Philippine National Railways (PNR) warned the public against dubious Facebook pages posting false and misleading information regarding transport infrastructure projects, such as the North-South Commuter Railway (NSCR) and the South Long Haul (SLH). PNR is providing updates on big-ticket rail projects. North South Commuter Railway The 147-kilometer NSCR project is progressing as planned. …