Financial services firm Home Credit expects its loan receivables to hit ₱100 billion this year, driven by growing partnerships and an expanding customer base. Home Credit’s receivables currently stand at about ₱85 billion, up from ₱74 billion at end-2024, said marketing and communications group head Sheila Paul in a Thursday briefing. “We’re hoping to hit the magic 100 within the …
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The Department of Trade and Industry (DTI) has given online businesses until Sept. 30, 2025 to register for the E-Commerce Philippine Trustmark, a move aimed at boosting consumer confidence and addressing mounting complaints in the digital marketplace. The mandatory registration, outlined in a DTI Administrative Order, is in line with Republic Act 11967 or the Internet Transactions Act of 2023. …
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The Securities and Exchange Commission (SEC) has expanded its One Day Submission and Electronic Registration of Companies (OneSEC) facility to cover foreign firms seeking to incorporate in the Philippines. SEC Chairperson Francis Lim said the move is part of efforts to improve ease of doing business and attract more international investments. “By expanding the coverage of OneSEC to foreign entities, …
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The government vowed to step up efforts to strengthen climate resilience and workforce agility to shield the country’s labor market from future shocks, the Department of Economy, Planning, and Development (DEPDev) said Wednesday. The commitment came after July 2025 labor force data showed weaker conditions due to extreme weather events that disrupted economic activity across Luzon and other regions. The …
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Bloomberry Cultural Foundation, Inc. (BCFI), the social development arm of Solaire Resort and Casino, celebrated a milestone in its Medical Scholarship Program, with 20 of its 313 college scholars earning B.S. Nursing degrees. Out of 20 Nursing graduates, 11 received Latin honors while eight received special awards in recognition of their academic and extracurricular excellence. Receiving Cum Laude honors are …
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The Social Security System (SSS) has awarded BDO Unibank, Inc. (BDO) the mandate to serve as trustee for its Balanced Fund, marking another milestone in the partnership between the country’s largest pension fund and the biggest bank in the Philippines. At the ceremonial signing, SSS President and CEO Robert Joseph Montes de Claro expressed confidence in BDO’s stewardship. “It is …
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The Philippine Amusement and Gaming Corporation (PAGCOR) recently turned over seven Patient Transport Vehicles (PTVs) to local government units (LGUs) across the country to help improve healthcare access in remote and vulnerable areas. Beneficiaries include Las Piñas City, Tacloban City (Leyte), and the municipalities of Busuanga (Palawan), San Manuel (Tarlac), Mexico (Pampanga), Kibawe (Bukidnon), and Indang (Cavite). During the ceremonial …
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Potato Corner (PC), the Philippines’ homegrown global leader in flavored fries, has opened its first store in Taiwan. In a recent statement, PC, which is part of Shakey’s Pizza Asia Ventures, Inc. (SPAVI), said the branch located at Xinyi District’s Uni-President Department Store in Taipei opened on Aug. 4. Taiwan is the brand’s 16th overseas market, bringing its global store …
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SM Foundation’s development communication initiatives got recognized at the Philippine Quill Awards, earning two distinctions from the International Association of Business Communicators (IABC) Philippines for initiatives that highlight social good. The entry “Uplifting Lives through Social Good” received a Merit Award in Communication Management, while “We Care: The SM Foundation Newsletter” won an Excellence Award in Communication Skills. Both awards …
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Victoria International Container Terminal (VICT), the Australian cargo handling operation of International Container Terminal Services, Inc., signed a new enterprise agreement with local unions covering all of its operations until March 2029. The agreement, which was secured without any disruption to operations, reflects the strong relationship between VICT and its workforce, providing a solid platform for the future. “This outcome …
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The Market Monitor Minding the Nation's Business