The Bangko Sentral ng Pilipinas (BSP) has raised the cash withdrawal threshold triggering enhanced due diligence (EDD) to ₱1 million from ₱500,000. Under Circular 1230, issued February 27, depositors may withdraw up to ₱1 million without EDD. Transactions exceeding that amount require proof of legitimacy, the central bank said in a statement last week. “The increase follows consultations with banks …

The World Bank has approved three new grants totaling USD4.13 million this year to support job creation and poverty reduction in the Philippines, the Department of Finance (DOF) said recently. Grants, provided at no cost to the government, fully fund critical preparatory work while preserving fiscal space for priority projects. Finance Secretary Frederick Go facilitated swift government clearances for the …

The fifth edition of the Levy P. Laus Memorial Golf Cup fires off this Friday (March 6) at the sprawling Pradera Golf & Country Club in Lubao, Pampanga. The annual golf tournament, dedicated to the late Liberato “Levy” P. Laus, one of the most accomplished and most awarded Filipino businessmen of his generation and undoubtedly the most familiar champion of …

Hariphil Asia Resources Inc., the official distributor of Volvo Cars in the Philippines, received the official certification of Volvo Personal Service, a first in the country through a strong partnership with the Volvo’s global training team. The rigorous program prepared the Volvo Cars Philippines Personal Service technicians and all service personnel who underwent the program successfully graduated and achieved greater …

Mitsubishi Xpander, the pride of Mitsubishi Motors Philippines Corporation, is the No. 1 selling vehicle in the Philippines for 2025 with a total volume of 28,081 units and also retained its position as the best-selling multi-purpose vehicle for three consecutive years. Since its introduction to the Philippine market, the Mitsubishi Xpander has consistently redefined the MPV segment by offering a …

Lynk & Co Philippines launched recently its “Get Lynked,” a limited-time promo encouraging customers to make a decisive first move toward a more connected kind of mobility.  Designed for drivers who want more from every journey, Lynk & Co combines sleek Swedish design, advanced technology, and electrified performance that feel as effortless as they are premium. From city streets to …

Close on the heels of its dazzling launch recently, premium new energy vehicle marque Denza is already selling its products in four major dealerships that were inaugurated one after the other last week. The flagship dealerships are in Alabang, Makati, San Juan, and Cebu, in collaboration with Denza’s dealer partners — ACMobility Premium Dealership Inc., Harmony New Energy Auto Service …

The Truck Manufacturers Association, Inc. was formally recognized by the Environmental Management Bureau of the Department of Environment and Natural Resources as one of its valued partners in advancing environmental sustainability. During the 2026 EMB Recognition of Partners in Environmental Sustainability Ceremony late last month, the TMA received the “Gawad Kabalikat sa Kapaligiran,” which highlights the association’s continued collaboration with …

All Jaecoo model vehicles, a premium intelligent SUV brand born out of the Chery-Land Rover Sino-British joint venture, are crafted by the original design team behind Range Rover, ensuring authentic British luxury DNA and Chinese intelligent technology. And that is why every model sold today carries genuine Range Rover DNA that redefines the global SUV market. The Jaecoo J5 draws …

InfiniVAN Inc., a Japanese-affiliated telecommunications company, and Royal Cable Vision Corporation, a fiber home internet provider, entered into a strategic partnership that establishes a new benchmark in digital infrastructure. Under the Indefeasible Right of Use Agreement, Royal Cable Vision Corporation will tap InfiniVAN’s Microduct Tube within the facility, a configuration that creates a “triple threat” to the country’s long-standing internet issues, minimizing disruptions to infrastructure and provide on-the-go, continuous internet security. The agreement makes a trailblazing …