Finance Secretary Ralph Recto has officially entered into a USD500-million financing agreement with the World Bank-International Bank for Reconstruction and Development (WB-IBRD) to support the reconstruction of over 3,000 schools across the Philippines that were impacted by typhoons. In an announcement made Wednesday last week, the Department of Finance (DOF) confirmed that the deal was signed by Recto and Zafer …

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (right) leads the ceremonial switch-on of BSP Christmas lights at its head office in Manila on 28 November 2024. Festive lights also adorn Christmas trees and buildings at the BSP Security Plant Complex in Quezon City and various Regional Offices and Branches, while BSP’s EDPC Building façade along Roxas Boulevard …

By. Joni Gesmundo The Market Monitor was born a decade ago in a small office along T.M. Kalaw Street in Ermita, Manila, with a handful of seasoned writers who possessed a passion for relevant and timely stories on the financial sector without the incomprehensible jargon only business leaders can understand. Back then, the challenge was competing with other daily business …

The operations and maintenance (O&M) of key regional airports, MRT-3 as well as EDSA Busway and Davao Public Transport Modernization Program (DPTMP) will consequently be handed over to the private sector to ensure operational efficiency, according to Transport Secretary Jaime J. Bautista. On the sidelines of BizNews Asia’s 23rd Anniversary, Sec. Bautista said the O&M transfer of the Iloilo Airport …

The Department of Transportation (DOTr) seeks to strengthen bilateral ties with Israel through collaboration in public transportation. During the Israel Chamber of Commerce of the Philippines’ 30th general membership meeting, Sec. Bautista underscored the longstanding friendship between the two countries, saying that the Philippines and Israel signed an agreement in August 1951, allowing commercial airlines to fly between Manila and …

Members of the active transport community participated during the celebration of the National Bicycle Day at Arcovia in Pasig City, highlighting cycling as a simple and unique mode of transport, which promotes health, mobility, environmental protection, and economic growth. With the theme “Ride Together, Thrive Together,” the 2024 National Bicycle Day underscores the importance of cycling as a unique and …

The Department of Transportation (DOTr) and its attached agencies joined the United Nations, world industry leaders, and civic society in celebrating the World Sustainable Transport Day last 26 November 2024. Anchored in a vision of delivering a more sustainable public transport, DOTr has been carrying out infrastructure programs, projects and initiatives centered on making our roads safe, efficient, convenient, and …

The Department of Transportation (DOTr) is taking an active part and proactive approach in the regional initiative of harmonization of vehicle standards and regulations by implementing projects aimed to address vital transport issues common to Asian countries. Transport Secretary Jaime J. Bautista said the Philippines is pushing for vehicle safety, road safety, accident prevention, carbon neutrality, and regulating the automotive …

Okada Manila, a Forbes 5-star destination in the Philippines, has been recognized by the Department of Health (DOH) with the Gawad Antonio Luna Award at the Dugong Bayani Awards 2024. This recognition celebrates Okada Manila’s dedication to saving lives and fostering a culture of voluntary blood donation. Okada Manila continues to assist the government in its drive to provide adequate, …

In a significant milestone, MR.DIY Philippines has received the prestigious Bagwis Awards at Gold, Silver, and Bronze levels across multiple regions in October 2024.  This achievement underscores the company’s unwavering dedication to customer satisfaction, ethical business practices, and high standards of quality.  This recognition from the Department of Trade and Industry (DTI) highlights MR.DIY’s adherence to consumer rights, customer care, …