Companies

The long-awaited North-South Commuter Railway (NSCR) project is gaining full steam ahead. In a major infrastructure push, the Economy and Development (ED) Council, chaired by President Ferdinand R. Marcos Jr., approved last week the operations and maintenance of the NSCR under a public-private partnership (PPP) arrangement. The approval came during a high-level council meeting, with the Department of Economy, Planning, …

Money sent home by overseas Filipinos (OFs) continued its upward trajectory in May 2025, with cash remittances rising by 2.9% to USD2.66 billion, according to the Bangko Sentral ng Pilipinas (BSP). The figure is higher than the USD2.58 billion recorded in the same month last year. Land-based workers sent the bulk of the remittances at USD2.12 billion, while sea-based workers …

The Subic Bay Metropolitan Authority (SBMA) turned over P1.47 billion in dividends to the national government on July 14, a move hailed by the Department of Finance (DOF) as a major boost to public funding without burdening taxpayers. Finance Secretary Ralph Recto described the remittance as a product of “shared success,” highlighting its alignment with President Ferdinand R. Marcos Jr.’s …

Global cybersecurity firm Kaspersky has sounded the alarm on the growing number of financial phishing attacks, particularly those tied to cryptocurrency scams and targeting financial institutions—including thousands in the Philippines. In a statement released Monday, Kaspersky disclosed that it blocked over 10.7 million financial phishing attempts around the world in 2024, reflecting an 83% jump from the previous year. In …

The Bangko Sentral ng Pilipinas (BSP) recognized 18 outstanding institutional partners of its Head Office during the 2025 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC) held on 18 July 2025. BSP Monetary Board Member Romeo L. Bernardo, who led the ceremony, said: “We may come from different spaces and bring different approaches, but when we work together, meaningful results follow.” The …

A joint effort by New NAIA Infra Corp. (NNIC), the private operator of the Ninoy Aquino International Airport (NAIA), and San Miguel Corporation (SMC), through its Better Rivers PH, to clean up rivers around NAIA has started to ease flooding in Paranaque City, particularly areas surrounding the airport. This is especially crucial with the onset of the rainy season as …

The Philippines’ balance of payments (BOP), which accounts for the transactions of the country with the rest of the world, registered a surplus of US$226 million in June 2025. This marks a reversal from the US$155 billion deficit recorded in June 2024. The BOP surplus reflected the foreign currency deposits by the national government (NG) with the Bangko Sentral ng …

The Government Service Insurance System (GSIS) has donated ₱400,000 worth of digital learning tools recently to Anahao Primary School in Bontoc, Southern Leyte. “This goes beyond providing equipment. Each device symbolizes hope and our belief that every Filipino child, no matter how remote, deserves equal access to quality education,” said GSIS President and General Manager Wick Veloso. The upland public …

InLife, the largest Filipino life insurer, has announced the election of Atty. Victor P. Lazatin as its new Independent Trustee.  He will fill the seat vacated by former InLife Independent Trustee, Atty Francisco Ed. Lim, who recently assumed his post as the new Chairman of the Securities and Exchange Commission. Atty. Lazatin is a Senior Legal Counsel at Angara Abello …

Solaire Resort, Newport World Resorts and Okada Manila issued on July 12, 2025 the following public statement upholding their commitment to Ethical Business Practices and Responsible Gaming for their Online Gaming platforms. Their collective statrment follows: Solaire Resort, Newport World Resorts, and Okada Manila are operators of the largest integrated resorts  in the Philippines. Each has invested at least USD …