Transport network companies (TNCs) were warned to stop accrediting drivers in excess of government-imposed limits, following its discovery during recent distribution of cash aid by the Department of Social Welfare and Development (DSWD). Department of Transportation (DOTr) Secretary Giovanni Lopez issued the warning after DSWD was overwhelmed by the number of unauthorized claimants. The Land Transportation Franchising and Regulatory Board …

An artificial intelligence (AI)-powered mobility app recently showed that only 23% of road space has been allocated for pedestrians, while about 47% of people who are traveling and using private vehicles take up a massive 77% of our highways, depicting an imbalance in road use. Dr. Syrus Gomari, a Filipino researcher, believes that putting people first is key to improving …

The Philippines and Thailand are highly vulnerable to an aviation downturn due to rising jet fuel costs, according to Oxford Economics, citing the two countries’ reliance on international arrivals that support their growth and employment.  According to Sheana Yue, senior economist at Oxford Economics, the nature of aviation risk varies across Asia. “Higher oil prices typically dampen travel demand through …

Philippines festivals are mainly rooted in faith and devotion – Sinulog, Ati-Atihan and Dinagyang honor the Santo Nino, while Pahiyas and the Carabao festivals are dedicated to San Isidro Labrador. In Bukidnon, their festival focuses on their identity, their traditions, customs and unity of the indigenous communities. It’s called Kaamulan Festival. The name “Kaamulan” is derived from the Binukid word …

Coron, Palawan explodes with myriad beaches and island destinations, offering unforgettable experiences to visitors. Coron forms part of the Calamian Islands, together with Busuanga, Culion, and several other smaller islands, many host diverse tourist spots and accommodations. At the top of the list is Kayangan Lake which is the most-visited in Coron. Located on Coron Island, Kayangan Lake is famous …

Operators and driver-members of the Pandacan Transport Services and Multipurpose Cooperative (PTSMPC) proudly testifies that the Public Transport Modernization Program (PTMP) of the Department of Transportation (DOTr) improved their lives – by replacing the old boundary system for the security of weekly salaries and multiple social benefits – manifesting the program’s aim of professionalizing the transport sector. DOTr Secretary Giovanni …

The Bangko Sentral ng Pilipinas has pledged to take necessary policy actions to bring inflation back to target levels, as price pressures continue to accelerate due to higher global fuel and food costs. In a statement Tuesday, the central bank said it remains committed to its mandate of maintaining price stability and ensuring inflation returns to its 3-percent target within …

Metropolitan Bank & Trust Co. (Metrobank) reported a net income of ₱12.6 billion in the first quarter of 2026, supported by steady asset growth, improved margins, and stronger fee-based revenues. In a recent statement, the bank said net interest income rose by 13 percent to ₱33.4 billion, reflecting sustained lending activity and better yields. Gross loans expanded by 9.2 percent, …

The Asian Development Bank recently launched a new financing facility designed to help countries in Asia and the Pacific develop critical minerals supply chains that support clean energy technologies, electric vehicles, batteries, and digital industries. The Critical Minerals-to-Manufacturing Financing Partnership Facility includes two main components: a grant window and a catalytic finance window. The initiative aims to support the full …

The Land Bank of the Philippines has partnered with the Department of Science and Technology to expand financing and technical support for micro, small and medium enterprises (MSMEs) and startups across the country, reinforcing efforts to promote innovation-driven growth. The agreement was formalized through a Memorandum of Understanding signed on May 4, 2026, led by DOST Secretary Renato Solidum Jr. …