Companies

The Philippine Statistics Authority (PSA) reported that the growth of the Producer Price Index (PPI) for manufacturing decelerated to 0.1 percent in April 2025, down from 0.6 percent recorded in March. In a statement released Friday, the PSA attributed the slowdown mainly to a weaker annual growth in the computer, electronic, and optical products industry, which posted a slower increase …

The Philippine Economic Zone Authority (PEZA) is experiencing a significant resurgence under the Marcos administration, with total approved investments reaching P530.59 billion from 2022 to April 2025. Official data show a consistent upward trend: P140.7 billion in 2022, P175.71 billion in 2023, P214.18 billion in 2024, and P63.5 billion during the first four months of 2025. At this pace, PEZA …

The Philippines’ trade deficit significantly narrowed in April 2025 as stronger export performance and reduced imports improved the country’s trade balance, data from the Philippine Statistics Authority (PSA) revealed on Friday. The trade gap shrank by 26.1 percent, dropping to USD3.49 billion from USD4.72 billion in April last year. This development was driven by a 7 percent increase in exports, …

Philippine Amusement and Gaming Corporation (PAGCOR) Chairperson and CEO Alejandro Tengco confirmed on Thursday that he and the entire PAGCOR Board of Directors have tendered their courtesy resignations. Tengco said the move, made during the previous week, was in deference to President Ferdinand R. Marcos Jr.’s authority to reorganize the bureaucracy as he sees fit. “We serve at the pleasure …

The Government Service Insurance System (GSIS) has set aside more than P22 million in emergency loan for its members and old-age and disability pensioners in the municipality of La Paz, Agusan del Sur who have been affected by floods and prolonged rains. The application deadline for the loan is on June 15. Active members working or residing in the area …

Billease, one of the Philippines’ leading financial technology companies, has mandated Security Bank Capital Investment Corporation to arrange an up to P5 billion maiden corporate notes facility. Security Bank Corporation, the parent company of Security Bank Capital, is leading the financing with a PHP 1.5 billion participation. This milestone will help fuel Billease’s expansion strategy and accelerate its mission of …

In celebration of the 123rd Labor Day, the Overseas Filipino Bank (OFBank) participated in the Mega Jobs Fair for Overseas Employment hosted by the Department of Migrant Workers (DMW) at Robinsons Galleria, which attracted thousands of job seekers aspiring to secure employment opportunities abroad. The event served as a key platform for OFBank to connect with aspiring Overseas Filipino Workers …

TECPLATA, International Container Terminal Services, Inc.’s (ICTSI) Buenos Aires terminal, recently welcomed the inaugural call of the SX2 River Plate Express service of Ocean Network Express (ONE). The service presents a valuable addition to Argentina’s national logistics ecosystem, strengthening maritime connectivity between Argentina and Asia. It officially launched in TecPlata in May with the arrival of the vessel Spirit of …

San Miguel Corporation’s spirits business, Ginebra San Miguel Inc. (GSMI), started the year strong with a first-quarter net income of P2.1 billion, 11 percent higher than the prior year, despite more challenging market conditions. Consolidated revenues reached P16.3 billion, 8 percent higher than in the same period last year, while operating income also improved 8 percent to P2.5 billion. Year-to-date …

BAN Toxics warns parents to take extra caution when buying school supplies, as some products may contain toxic substances that put children’s health at risk. The group found that various school supplies are already being sold by ambulant vendors and retail stores, including bags, water containers, lunch boxes, notebooks, pens and pencils, plastic covers, crayons, erasers, watercolors, and rain gear …