Companies

Toyota Motor has once again claimed the crown as the world’s best-selling automaker, marking its sixth consecutive year at the top with a staggering 5.5 million vehicles sold globally from January to June 2025. The Japanese automotive giant posted a 7.4% increase in global sales compared to the same period last year, achieving its highest-ever half-year sales. Backed by strong …

For years, many Filipino farmers have been unable to break the cycle of debt and dependency that often accompanies farming. But through SM Foundation’s Kabalikat sa Kabuhayan (KSK) Farming Program, the beneficiaries are now finding ways to generate a reliable income from agriculture. Among those whose lives have changed is Connie Flores, a mother of six and a 2023 graduate …

To aid government workers and retirees affected by Severe Tropical Storm Crising and the intensified southwest monsoon (habagat), the Government Service Insurance System (GSIS) has opened its emergency loan facility in five calamity-declared areas: Quezon City, Cavite, Umingan (Pangasinan), and Calumpit (Bulacan). GSIS Officer-in-Charge Juliet Bautista announced that qualified members and pensioners in these areas may now apply for the …

The Philippine gaming industry earned ₱215 billion in gross revenues during the first half of 2025, reflecting strong growth in integrated resort operations and robust investor interest, the Philippine Amusement and Gaming Corp. (PAGCOR) announced last week. Speaking at the Philippine Hotel Connect 2025 in Pasay City, PAGCOR Chairman and CEO Alejandro Tengco said licensed casinos inside integrated resorts (IRs) …

The Bureau of Internal Revenue (BIR) has extended the deadlines for filing tax returns, paying taxes, and submitting documents in areas battered by tropical cyclones Crising, Dante, and Emong, along with the intensified southwest monsoon or “habagat.” In a statement released Friday, BIR Commissioner Romeo Lumagui Jr. said taxpayers in the affected areas—including Metro Manila, parts of Northern Luzon, Mimaropa, …

US-based Cerberus Capital Management is set to invest an additional ₱15 billion in the Philippines over the next 12 months, eyeing upgrades to its Subic shipyard and launching new ventures in logistics, energy, and transport infrastructure. The announcement came following the firm’s meeting with President Ferdinand R. Marcos Jr. in Washington, DC, where executives cited government support and encouraging operational …

After nine months of consultations, the Philippine Amusement and Gaming Corporation (PAGCOR) and the Ad Standards Council (ASC) on July 16 signed a landmark Memorandum of Understanding (MOU) that mandates the pre-screening and regulation of gambling-related advertisements across all media platforms. PAGCOR Chairman and CEO Alejandro H. Tengco and ASC Chairperson Golda Roldan led the ceremonial signing at the PAGCOR …

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 …