Companies

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 …

Barcelona, spain – Showcasing the best of what the Philippines has to offer as an ideal Meetings, Incentives, Conferences, and Exhibitions (M.I.C.E.) destination, the Tourism Promotions Board (TPB) Philippines participated in IBTM World 2024 from November 19 to 21 at Fira Barcelona Gran Via, which yielded 203M sales leads. IBTM World is one of the leading global M.I.C.E. events held …

The Philippine Postal Corporation (PHLPost) has reduced its fuel price consumption and the price of gasoline at nearly half of the cost it pays in previous years relying heavily on fuel for its fleet of mail delivery vehicles and motorcycles nationwide.  Postmaster General Luis D. Carlos said the move to reduce fuel prices will impact sustainability in the continuous delivery …

The Philippine manufacturing sector closed 2024 on a strong note, fueled by robust growth in output and new orders, according to a report by S&P Global on Thursday. The country’s manufacturing Purchasing Managers’ Index (PMI) climbed to 54.3 in December, up from 53.8 in November, matching the highest level since November 2017, alongside the PMI recorded in April 2022. “The …