Companies

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 …

Department of Trade and Industry (DTI) Secretary Ma. Cristina Roque said last week that the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) law has encouraged Japanese companies to invest in the Philippines. Roque and Special Assistant to the President for Economic Affairs and Investments Secretary Frederick Go visited Japan from March …

Inflation in February eased to 2.1 percent from 2.9 percent in January, primarily due to the slower price increase of food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) reported. In a recent press briefing, PSA Assistant Secretary Divina Gracia del Prado attributed the decline to the Department of Agriculture’s (DA) declaration of a food security emergency, which helped lower …

DMCI Mining Corp. and Nickel Asia Corp. (NAC) announced last week that they are exploring the development of a new nickel processing plant in the Philippines. This follows the signing of a memorandum of understanding (MOU) between the two companies on Tuesday to conduct a feasibility study for the project. The planned facility aims to process low-grade nickel ore, which …

BingoPlus, your comprehensive digital entertainment platform in the country, has turned more players into instant millionaires overnight. Two BingoPlus players were awarded their winning jackpot prize and were interviewed on February 28, 2025 at the BingoPlus Studio in Quezon City. One player won the jackpot for the game Slots & Casino with a total prize of ₱81,700,889. While, in the …

The government is intensifying its efforts to sustain sound fiscal management, Budget Secretary Amenah Pangandaman said on Friday, following the reported 5.7-percent reduction in the country’s budget deficit in 2024. Pangandaman made the statement after the Bureau of the Treasury (BTr) announced that the budget deficit declined to P1.506 trillion, a 0.38-percent reduction, as revenue growth outpaced government spending. According …

The Philippine Amusement and Gaming Corporation (PAGCOR) today welcomed the country’s exit from the Financial Action Task Force grey list and vowed to continuously strengthen regulations and strict monitoring of the local gaming industry.  PAGCOR Chairman and CEO Alejandro H. Tengco said the exit from the list is a very significant development that should help bring in more foreign investments …