Companies

Converge ICT Solutions Inc. is gearing up for a transformative year as it readies the launch of two state-of-the-art data centers and two major international submarine cable systems, all set to go online within 2025. During the company’s virtual annual stockholders meeting on Friday, Converge CEO and co-founder Dennis Anthony Uy announced that the twin initiatives mark a strategic push …

With classes set to resume on June 16, the Department of Trade and Industry (DTI) has launched the 2025 edition of the Gabay sa Pamimili ng School Supplies, providing parents with a reliable reference for school supply prices to help them prepare for the new academic year. This year’s guide covers 195 items across 12 categories. According to the DTI, …

Finance Secretary Ralph G. Recto lauded the enactment of Republic Act No. 12214 or the Capital Markets Efficiency Promotion Act (CMEPA), describing it as a landmark reform that will help bring investment opportunities closer to ordinary Filipinos while bolstering inclusive economic growth. “This is a game-changing law that makes capital market investments more accessible, affordable, and understandable, especially for small …

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 …