The country’s total external trade in goods went up by 3.0 percent to USD17.60 billion in September this year from USD17.09 billion in the same month last year, Philippine Statistics Authority (PSA) data showed. In a report, the PSA said that of the total external trade during the month, 64.4 percent were imported goods, while the remaining 35.6 percent were …

The Asian Development Bank (ADB) has approved nearly USD 1.7 billion in funding for the Laguna Lakeshore Road Network (LLRN) project, aimed at enhancing regional connectivity and reducing travel time between Manila and Laguna province. In a statement on Thursday, ADB announced that the funds will support the development of a 37.5-kilometer, climate-resilient expressway along Laguna Lake.  The funding will …

Year-on-year headline inflation increased to 2.3 percent in October from 1.9 percent in September. This is within the BSP’s forecast range of 2.0 – 2.8 percent for the month.  The resulting year-to-date average of 3.3 percent is also within the government’s inflation target range of 2-4 percent for the year.  On a month-on-month seasonally adjusted basis, headline inflation in October …

The Bank of the Philippine Islands (BPI) bagged three awards, namely “Best Card Application Initiative,” “Best Credit Card for Affluent/HNWI Clients,” and “Outstanding Marketing Campaign Initiative,” at the Global Cards & Payments Innovation Awards 2024 by The Digital Banker.  “We are proud to have been recognized for our commitment to providing customers with delightful banking experiences, to developing effective solutions, …

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a net income of P4.0 billion after nine months ending September 30, 2024 or 19% better compared to the same period last year.  The bank’s solid financial performance was driven by higher operating income and better asset quality. Core revenues, which include net interest income, service fees …

Manila Water President and CEO and Manila Water Foundation President Jocot de Dios had the honor of receiving the United Kingdom (UK) Foreign, Commonwealth, and Development Office Minster for the Indo-Pacific Catherine West MP. She was joined by His Majesty’s Ambassador to the Philippines, Laure Beaufils, at the La Mesa Ecopark. With the Manila Water Foundation Team and La Mesa …

Enrique K. Razon Jr., ICTSI Chairman and President said: “I am pleased to report another excellent set of results in which we have delivered impressive revenue growth, up 14 percent to US$2.01 billion.  EBITDA rose by 19 percent to US$1.32 billion while net income attributable to equity holders was up 31 percent to US$632.58 million, both new records for ICTSI. …

The densely-populated island of Luzon is home to over half of the Philippines’ population, many of whom consume shellfish on a regular basis. An international team of scientists has just confirmed the presence there of two species of Pseudo-nitzschia diatoms capable of producing a dangerous neurotoxin that can cause severe sickness and memory loss.  Poetically described as “algae that live …

The 28th edition of the Mabuhay Miles Elite Invitational Golf Tournament goes to Tagaytay on Nov. 14, Thursday, where a full field of 350 players coming from the business sector here and abroad will tee it up. Ryan Abdon will be shooting to win the event for the second straight time after triumphing at the Orchard in Cavite last year …

As part of its efforts to help the government in ensuring health and medical services,  the SM Foundation  turned over the  newly-renovated Basa Air Base Hospital located  in Floridablanca, Pampanga recently.` SM Foundation Executive Director for Health and Medical Programs Connie Angeles said the Basa Air Base Hospital is a 17-bed capacity facility catering to the medical and healthcare needs …