The Bangko Sentral ng Pilipinas (BSP) issued a warning last week about “text hijacking,” a tactic used by fraudsters to execute smishing attacks by mimicking legitimate SMS Sender IDs. In an advisory, the BSP explained that text hijacking allows fraudsters to infiltrate legitimate text message threads, making their messages seem credible as they blend with authentic communications from trusted sources. …

President Ferdinand R. Marcos Jr. led the historic unveiling of the first Philippine polymer banknote series on Thursday. The President described the introduction of the polymer banknotes as a groundbreaking step embodying the nation’s strength, ingenuity, and forward momentum. “Today, I stand before you with pride as we unveil the first Philippine polymer banknote series— a groundbreaking step that embodies …

The Philippine economy is poised for moderate growth acceleration in 2024 and 2025, driven by easing inflation and gradual normalization of monetary policy, according to the International Monetary Fund (IMF). “Growth is expected to accelerate in 2024-25, supported by disinflation, and gradually declining borrowing costs as monetary policy normalizes,” stated the IMF following its 2024 Article IV consultation with the …

Manila Water was lauded as the country’s Community Engagement and Partnerships Champion, while its President and Chief Executive Officer (CEO), Jocot de Dios, was the first runner-up for Leadership Commitment at the 2024 Philippines United Nations (UN) Women’s Empowerment Principles (WEPs) Awards last November 27, 2024. The company’s winning entry for the Community Engagement and Partnerships category was the Integrated …

Mindanao International Container Terminal Services Inc. (MICTSI), a subsidiary of International Container Terminal Services Inc. (ICTSI), has secured a 25-year extension to operate and manage the Mindanao Container Terminal (MCT). The extension, awarded by the PHIVIDEC Industrial Authority, allows MICTSI to continue managing the MCT until 2058. Located within the PHIVIDEC Industrial Estate in Tagoloan, Misamis Oriental, the MCT serves …

The Philippines’ seventh consecutive participation at the China International Import Expo (CIIE), the world’s biggest import-themed trade show, was underscored by a notable performance after yielding USD 1.602 billion in export sales and purchase agreements, surpassing last year’s total by a significant margin. The amount was a combination of reported sales, purchase agreements or memorandum of understanding, and business matching …

Tagum Water, an operating unit of Manila Water Non-East Zone subsidiary Manila Water Philippines Ventures (MWPV), has once again proven its dedication to sustainability and responsible use of energy by winning in the Department of Energy’s 2024 Energy Efficiency Excellence (EEE) Awards. This consecutive win highlights Manila Water’s unwavering commitment to environmental stewardship and energy-efficient operations, paving the way for …

The Bangko Sentral ng Pilipinas (BSP) and the Department of Energy (DOE) led the “Roundtable Discussion on Unlocking Financing for the Green Energy Auction Program (GEAP)” on 12 December 2024 at the BSP Head Office in Manila. The event gathered policymakers, financial institutions, and energy industry players to explore market reforms and innovative financing instruments for renewable energy (RE) development. …

President Ferdinand Marcos Jr. witnessed the signing of seven key transport agreements expected to improve the country’s transportation system. The agreements for the New Cebu International Container Port (NCICP), Cebu Bus Rapid Transit (Cebu BRT), modernization of Bohol-Panglao International Airport, as well as agreements for the New Dumaguete and New Siargao airports were signed in the presence of Pres. Marcos …

The Department of Transportation (DOTr) distributed livelihood packages to residents in Malibay, Pasay City, who will be affected by the EDSA Greenways project. In coordination with the Department of Labor and Employment (DOLE) and City Government of Pasay, the livelihood package assistance is intended to support income augmentation for the recipients during their relocation and throughout the project’s construction phase. …