Executive Secretary Ralph Recto and Finance Secretary Frederick Go, the duo most responsible for managing the Philippine economy, have placed their bets on Japan in charting the course of the economy in the next few years. The TMM Business Section came to this conclusion as the joint meeting of the 42nd PHILJEC-JPECC was held last Thursday, and the pre-conference welcome …

THE Department of Public Works and Highways (DPWH) recommended the award of the P3.07-billion contract package 2 of the Bataan-Cavite Interlink bridge project to a consortium led by China Wu Yi Co. Ltd. In a recent resolution, the DPWH’s bids and awards committee (BAC) said the consortium of China Wu Yi, Jinan Urban Construction Group Co., Ltd. and CM Pancho …

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has given up on monetary policy as principal driver of economic growth. Remolona said monetary policy has reached the limits of its effectiveness in reviving the Philippine economy, shifting the burden to the legislative and executive departments of the government to implement fiscal reforms and address governance failures. He stressed  that …

The Bangko Sentral ng Pilipinas Monetary Board reduced key policy rates by 25 basis points last week, citing the need to stimulate growth after weaker-than-expected output in 2025. The move sets the target reverse repurchase (RRP) rate at 4.25%, the overnight deposit rate at 3.75%, and the overnight lending rate at 4.75%. Since August 2024, the BSP has lowered rates …

Metropolitan Bank & Trust Co. reported a 3.3% increase in net income for 2025, reaching ₱49.7 billion, up from a record ₱48.1 billion in 2024, fueled by strong loan growth. In a disclosure to the Philippine Stock Exchange, the bank said net interest income rose 9.2% to ₱124.6 billion, supported by an 8.8% increase in gross loans. Corporate and commercial …

The Bureau of the Treasury (BTr) set the average rate for its 10-year fixed-rate Treasury note (FXTN) at 5.893% during a recent auction. Although the BTr offered ₱300 billion worth of the debt paper, it awarded only ₱107.07 billion out of ₱328.47 billion in total tenders. National Treasurer Sharon Almanza said there are no plans to match last year’s ₱300-billion …

Remittances from overseas Filipino workers climbed 4.2% year-on-year to $3.52 billion in December 2025, driven mainly by higher inflows from land-based workers, according to the Bangko Sentral ng Pilipinas (BSP). The December tally pushed total cash remittances for 2025 to a record $35.63 billion, up 3.3% from $34.49 billion in 2024. Land-based workers sent $2.83 billion in December, 4.5% higher …

Students at the State University of Northern Negros (SUNN) are transitioning to digital transactions following the launch of Land Bank of the Philippines’ Cash-Lite Campus Program on Feb. 19, 2026. The initiative covers over 2,000 students and campus partners, enabling tuition payments, food purchases, and other school transactions through secure digital banking channels, reducing reliance on cash. The launch was …

FlowerStore.ph, the country’s leading online gift destination, teamed up once again with the global automotive brand Jetour to celebrate the season of love, marking the second Valentine’s partnership between the two brands through an exclusive event held at the Vinta Modern Carinderia, attended by executives from FlowerStore.ph and Jetour Auto Philippines, as well as members of the media and key …

A total of 58,905 electric vehicles – BEV, PHEV, AND HEV – has already been sold in the Philippines since 2024 and last year’s recorded registered EVs amounting to P41,857 was the biggest ever recorded so far, proving that EV sales are growing in this country. This were figures presented in the recent symposium organized and presented by Vinfast Philippines …