Transactions on foreign investments registered with the BSP, through AABs, in March 2023 recorded net outflows of US$70 million, resulting from gross outflows of US$1.33 billion and gross inflows of US$1.26 billion. This is smaller compared to the net outflows recorded in February 2023 (US$531 million) and in March 2022 (US$305 million).  The US$1.26 billion registered investments for the month …

For many, farming is a way of life. They gain a profound sense of purpose when they cultivate the land, plant seeds, and harvest fruits and vegetables that will nourish not just their families but an entire community.  It has also since emerged as a viable social enterprise. Through trainings, farmers have learned business principles and saw livelihood and entrepreneurial …

The reintegration of the 1,200-megawatt (MW) Ilijan natural gas plant to the national grid – targeted by May 26 – is expected to help stabilize the country’s power supply amid the projected high demand in the summer months and the coming years.  San Miguel Corp., through its power arm SMC Global Power Holdings Corp. (SMGP), recently took delivery of the …

“For 126 years, this institution has stood as the firm foundation of the Philippine economy through the performance of its core mandates – revenue generation, resource mobilization, and fiscal management,” Finance Secretary Benjamin Diokno said in his message during the 126th Anniversary Opening Ceremony at the DOF Office in Manila.  Founded in 1897 by the Revolutionary Government in the Spanish …

San Miguel Corporation (SMC) is working closely with the local government of Quezon City to integrate walking and cycling with public transport starting with the construction of its MRT-7’s elevated turnback guideway that broke ground recently. This facility that SMC, through its infrastructure arm, will build along West Avenue in Quezon City near MRT-7’s North EDSA Station will ensure that …

Filipinos can now shop more intentionally, for sustainable and locally-sourced products through SM Green Finds – a program designed to make green living easier and more accessible.  “Retailers have an important role to play in positively influencing and impacting consumer behavior. SM Store is committed to providing Filipino consumers a platform to access sustainably sourced products through its SM Green …

Ayala Corporation Chairman Jaime Augusto Zobel de Ayala joins other business and faith leaders from across the globe in rallying for a more inclusive, equitable, and sustainable economy. Zobel, who joined the Council for Inclusive Capitalism in 2021, is currently a member of the council’s steering committee. The first in-person convening of its steering committee was hosted last month at …

PLDT and its wireless unit Smart Communications, Inc. are boosting the disaster risk reduction and management (DRRM) efforts of the City Government of Palayan, the provincial capital of Nueva Ecija, with the Ligtas Kit. “We continue what we started in 2022. We aim to reach more communities in need in their disaster preparedness and emergency response capacities, including those in …

Leading digital solutions platform Globe started 2023 on a high, emerging as the Most Reliable Mobile Network in the Philippines for the fourth straight quarter, according to the global leader in fixed broadband and mobile network testing applications, Ookla. Based on Ookla® Speedtest Intelligence® Q1 2023 data, Globe continued to dominate the industry, obtaining the highest consistency scores since the …

SM Foundation, Inc. (SMFI) and Watsons have teamed up to promote the health and wellness of Filipinos through a series of medical missions in Ilocos Norte. With the support of project partners, the two organizations recently conducted two successful medical missions that brought free diagnostic and medical services to thousands of beneficiaries. During the first leg of the medical mission …