Digital bank Maya has unveiled Paleng-Kita, a new lending initiative aimed at providing market vendors and public transport drivers with easier access to credit through digital transactions. Announced Friday, the program allows micro-entrepreneurs to tap into collateral-free credit by consistently using QR Ph and the Maya app for their daily payment needs. By linking cashless transactions with loan eligibility, Paleng-Kita …
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The National Development Company (NDC) has officially concluded a long-standing land transaction with the Toll Regulatory Board (TRB), receiving the final tranche of payment for a 1.3-hectare portion of its Pandacan property that was utilized for the Metro Manila Skyway Stage 3 (MMSS3) project. In a statement released last week, NDC said the second and final payment was completed on …
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The Department of Trade and Industry (DTI) last week highlighted the Philippine economy’s “robust resilience” in the first quarter of 2025, attributing the positive performance to strong consumer activity and vibrant contributions from key industries. Trade Secretary Ma. Cristina Roque issued the statement following the release of gross domestic product (GDP) data showing a 5.4 percent growth for the January …
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The Philippine Competition Commission (PCC) has given the green light to a joint venture between Singapore-based Canopy Investments Pte. Ltd. and several Philippine firms involved in cold storage, logistics, and real estate, determining that the partnership does not pose risks to market competition. The deal involves Canopy partnering with local companies Mets Logistics Inc., Mets En Co Inc., Einstee Realty …
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The government is ramping up its offensive against the illicit vape trade, with the Bureau of Internal Revenue (BIR) affirming its resolve to file criminal charges against unregistered businesses and individuals involved in the non-compliant distribution and sale of vape products. BIR Commissioner Romeo Lumagui Jr. underscored the agency’s unrelenting stance during a recent television interview, as detailed in a …
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The Philippine gaming sector continued its upward trajectory in the first quarter of 2025, with gross gaming revenues (GGR) climbing over 27 percent year-on-year, the Philippine Amusement and Gaming Corporation (PAGCOR) reported last week. PAGCOR said GGR for the January-to-March period reached P104.12 billion, marking a 27.44 percent increase from the same period last year. “The e-games and e-bingo segment …
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San Miguel Food and Beverage, Inc. (SMFB) began 2025 with strong momentum, posting robust first quarter results driven by sustained demand, improved efficiencies, and disciplined cost management. For the period ending March 31, 2025, consolidated revenues rose 4 percent year-on-year to 98.9 billion. Gross profit grew 11 percent to 28.6 billion, while income from operations rose 16 percent to 15.2 …
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Baltic Container Terminal (BCT), International Container Terminal Services, Inc.’s (ICTSI) operation in the Port of Gdynia, Poland, has been integrated into the rotation of Mediterranean Shipping Company’s (MSC) Britannia Ocean Service. MSC’s new service made its inaugural call in BCT on April 9, marked by the arrival of the MSC Rose. It offers a direct deep-sea connection between Asia and …
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San Miguel Corporation (SMC), through its San Miguel Foundation (SMF), has formally turned over a newly-renovated school building and upgraded learning facilities to benefit student-inmates at the Medium Security Compound of the New Bilibid Prison (NBP). The facility, now known as Better World Bilibid, is operated as the Bilibid Extension School (BES) and managed by the University of Perpetual Help …
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Farmers in the quiet agricultural town of Solana, Cagayan in northern Philippines have long relied on agriculture as their primary source of livelihood despite many challenges. Yet, Solana West Farmers Cooperative (SOWESFACO) is rewriting the story of smallholder farming by turning subsistence growers into market players, improving livelihoods, and fostering long-term sustainability. Founded nearly three decades ago with 23 pioneering members …
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The Market Monitor Minding the Nation's Business