President Ferdinand Marcos, Jr is set to attend the first-ever National Jail Decongestion Summit on December 6 and 7. It will be held in Diamond Hotel. This was confirmed after a meeting in Malacanang with Marcos Jr and the Department of Justice to update the president on the plan to build 16 regional jails by 2028. Aside from the DOJ, …

Citing the construction industry as one of the drivers of the country’s gross domestic product, Trade and Industry Secretary Alfredo Pascual lauds the industry as a significant contributor to the country’s economic growth. Pascual, in a statement, cited the 14-percent growth rate of the construction industry during the third quarter of the year. “Notably, achieving a 14-percent growth rate in …

The Land Bank of the Philippines (LANDBANK) continues to advance financial inclusion in the country with the opening of its newest branch in the first-class town of Monkayo in the province of Davao de Oro. Located in Barangay Poblacion, the LANDBANK Monkayo Branch makes banking services more convenient to clients from the 73 combined barangays of Monkayo and the neighboring …

Security Bank Corporation (PSE:SECB) has been ranked the second best employer in the Philippines and the 54th best employer globally on Forbes’ World’s Best Employers 2023 list.   The ranking was based on results from an extensive independent survey of over 170,000 employees across 55 countries by Forbes and market research company Statista. Respondents were asked to rate their willingness …

State-owned Development Bank of the Philippines (DBP) has extended a P1.4-billion loan to a top renewable energy firm as partial funding to construct a 8.4-megawatt hydroelectric power plant in Bukidnon in line with the National Government’s efforts to expand new and sustainable energy sources, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the …

A week after the APEC Business Advisory Council (ABAC) meetings in San Francisco, California, ABAC Philippines reaffirmed its commitment to sustained dialogue and critical recommendations for APEC leaders. The collaboration, involving private sector business leaders from the 21 APEC economies, aims to foster ongoing engagement on critical issues. For ABAC Philippines members Sabin Aboitiz, Joanne De Asis, and alternate member …

Department of Trade and Industry (DTI) Secretary Fred Pascual underscored the Philippines’ robust economic growth, positioning the country as an ideal investment destination during the recent Philippines and United Arab Emirates Forum and Networking held at the Shangri-La Hotel, Bonifacio Global City. He emphasized the country’s remarkable economic strides and investor-focused initiatives aimed to present the country as a strong …

Metro Retail Stores Group Inc. (MRSGI), a prominent player in the retail sector, has unveiled its new and improved Mareng Ems Program. Tailored to enhance collaborations and to serve as a comprehensive support system for businesses, particularly within the dynamic Sari-sari Store (SSS) and Hotel, Restaurant, and Catering (HoReCa) sectors, this initiative aims to nurture the company’s robust and mutually …

South Pacific International Container Terminal (SPICT) and Motukea International Terminal (MIT), International Container Terminal Services, Inc.’s (ICTSI) operations in the ports of Lae and Motukea, respectively, established a record as they welcomed the largest boxship to ever dock in Papua New Guinea and the Pacific Islands region. The 2,754-TEU gearless ship KOTA GABUNG made its inaugural call in Lae on 12 November and in Motukea, adjacent to …

The Securities and Exchange Commission (SEC) was recognized as one of the top performing agencies in the implementation of the Freedom of Information (FOI) Program of the Executive Branch, proof of its commitment to transparency by ensuring open access to information. The Presidential Communications Office, led by its FOI-Project Management Office, presented the award, given to government agencies with 500 …