Companies

Department of Energy (DOE) Secretary Raphael Lotilla assured that the agency’s decision to terminate idle renewable energy (RE) contracts will not deter foreign investors but instead foster a more dynamic and efficient RE sector in the Philippines. Speaking at a press briefing in Taguig City last week, Lotilla emphasized that the termination of non-performing contracts aims to attract serious investments …

The Philippine digital lending market is poised to surpass the USD1 billion mark in the latter half of 2025, according to a recent study by licensed online lender Digido. The report highlights the accelerated growth of digital lending in the country, driven by increasing consumer adoption of online technologies. In 2023, the market for non-bank digital loans was valued at …

The Social Security System (SSS) has announced that its contribution increase will secure the fund’s long-term viability, extending its life until 2053. Effective this month, the 1-percent rate hike is mandated under Republic Act 11199, or the Social Security Act of 2018.  The adjustment raises the contribution rate from 14 percent to 15 percent, accompanied by changes in the minimum …

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has announced that the central bank is exploring a subscription-based model for digital transaction fees to enhance the efficiency and inclusivity of the country’s payment systems. Speaking at a Rotary Club event in Makati City recently, Remolona explained the rationale behind the proposed shift.  “In a payment system, every additional participant …

Saturnino Mejia has been appointed as the new General Manager of the National Development Company (NDC), succeeding Antonio Mauricio, who has transitioned to the private sector. In a statement released Thursday, the NDC announced that Mejia officially assumed the role on December 16, 2024. Prior to his appointment, Mejia dedicated 25 years to the NDC as Assistant General Manager for …

What started as a small act of leisure at Casino Plus turned into an extraordinary turn of fate for a single mother. Here’s her true story about resilience, luck, and hope for a brighter future. Mother’s Unyielding Determination In a quiet neighborhood, a devoted mother poured her heart into raising her son, navigating the challenges of single parenthood. Her priority …

As  Filipinos celebrate the holiday season, the Department of Health (DOH) recently called on people to prioritize their well-being by practicing moderation in their food intake and maintaining an active lifestyle.  This is particularly important given that cardio-vascular diseases, specifically ischemic heart disease (IHD), remain the leading cause of death in the Philippines. To provide expanded financial coverage associated with …

The Government Service Insurance System (GSIS) has set aside nearly P8.6 billion in emergency loans for 363,547 active members and old-age and disability pensioners affected by various typhoons. In the province of Isabela, the deadline for application is last January 4, while the deadline for application in the provinces of Ifugao and Nueva Vizcaya, and the towns of Burgos and Bautista …

LandBank reaffirms its financial strength and stability, following the bank’s P50-billion contribution to the Maharlika Investment Fund (MIF), and remains fully committed to its mandate as a reliable partner to the national government’s inclusive development agenda.   The state-run bank has consistently exceeded the minimum requirements of the Bangko Sentral ng Pilipinas (BSP) for Capital Adequacy Ratio (CAR) — a critical …

East Java Multipurpose Terminal (EJMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Indonesia, successfully welcomed its first container ship since commencing operations at the new deep-water terminal in mid-October. The XinYi Glass made its inaugural call to Indonesia  last Saturday, December 14, selecting EJMT for its container discharge operations.  The cargo is destined for XinYi Glass’s new factory in …