Companies

The Philippines has reached a significant economic milestone, with strategic investments in the country amounting to P4.6 trillion, President Ferdinand R. Marcos Jr. announced on Thursday. President Marcos attributed this achievement to the government’s efforts in streamlining investment processes and working closely with various agencies to attract investors.  He emphasized that the influx of investments is expected to create approximately …

Manila Electric Company (Meralco) customers will face higher electricity bills this March following an increase of P0.2639 per kilowatt-hour (kWh), the company announced last week. This adjustment raises the overall rate to P12.2901 per kWh from February’s P12.0262 per kWh. For households consuming 200 kWh, this translates to an additional P53 on their monthly bill. Meralco attributed the rate hike …

The Department of Finance (DOF) has introduced updated guidelines for the disposal of government assets, aiming to maximize non-tax revenues and streamline privatization efforts. In a statement on Thursday, the DOF said the move aligns with Executive Order No. 323, which established the Inter-agency Privatization Council (PrC) and the Privatization and Management Office (PMO).  The PrC oversees national privatization efforts, …

The  “Hail Transport PH”, the newest transport network vehicle service  now revolutionizing ride-hailing in the Philippines was launched.  In a press conference, Atty. Anton Inton, Head for Community Relations and Development, said that hail means that to call up. “In the Hail app, the main difference is that we are focused on safe and reliable transport. Eventually, it”s the drivers …

Matadi  Gateway Terminal (MGT), International Container Terminal Services, Inc.’s (ICTSI) operation in the Democratic Republic of  Congo, is undertaking several key projects this 2025 to enhance operational efficiency and customer service, and reinforce Matadi’s position as the country’s premier maritime hub. One of the major initiatives is the construction of a 2.65-kilometer road linking the Port of Matadi to the …

SM Scholar alumna Dr. Daisy Rosano fulfills her childhood dream of becoming a teacher through the SM Foundation College Scholarship Program. Life’s challenges often serve as the greatest teachers, shaping character in ways that comfort never could. For many Filipino students, financial hurdles make higher education seem out of reach. But with the right support, these challenges become stepping stones …

With the increasing demands of tourism, ensuring a reliable and efficient water supply while maintaining environmental sustainability is a critical challenge for water operators in the Philippines. Boracay Water, an operating unit of Manila Water Philippine Ventures and a concessionaire of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA), has effectively tackled these challenges through an integrated approach.  This comprehensive, …

Factory output in the Philippines posted faster growth in January, both in volume and value, according to the Philippine Statistics Authority (PSA). Data released on Friday showed that the value of production index (VaPI) increased by 4 percent in January, a significant improvement from the 0.4 percent growth recorded in December 2024.  This also marked a turnaround from the -1.4 …

Finance Secretary Ralph Recto welcomed the creation of 2.6 million additional jobs for Filipinos at the start of 2025, expressing optimism over the increasing participation of youth in the labor market. “This good news affirms that our efforts to unlock the full potential of our demographic sweet spot are paying off. Through targeted government action and strategic reforms, we are …

The National Grid Corporation of the Philippines (NGCP) issued its first yellow alert for the Luzon grid this year, citing insufficient operating margin as temperatures continued to rise. The alert was in effect from 5 p.m. to 7 p.m. on Wednesday. According to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA), the highest heat index in Luzon reached 42°C …