Companies

Department of Finance (DOF) Secretary Ralph Recto proposed last week a substantial increase in the benefit packages offered by the Philippine Health Insurance Corporation (PhilHealth) for the country’s 10 most common illnesses. Recto suggested that enhancing these benefit packages would ensure the efficient use of PhilHealth’s resources. He shared this recommendation during a press conference at Malacañang Palace following the …

The Department of Finance (DOF) reported recently that non-tax revenues reached PHP555.30 billion end of November 2024, a 45.6-percent increase compared to the same period in 2023. This made DOF hit an all-time high non-tax revenue collections in 2024, providing additional resources to fund key programs of the Marcos administration, especially in improving the lives of Filipinos. Projections for the …

The Bases Conversion and Development Authority (BCDA) has issued a directive to local government units (LGUs), government agencies, and businesses to cease utilizing the Kalangitan sanitary landfill in Capas, Tarlac, following the expiration of the service contract for the property. In a statement recently, the BCDA emphasized that the Contract for Services between Metro Clark Waste Management Corp. (MCWMC) and …

ArenaPlus, the country’s 24/7 digital sports entertainment gateway, gifted Filipino fans with a special experience on December 23, 2024. Lucky fans got to video call with Reaves and even more got to chat and ask their favorite basketball star questions on life in the league, his experience in the Philippines, and his partnership with ArenaPlus. Reaves gave out lots of …

BingoPlus, the country’s premiere digital entertainment platform in the country, awarded one lucky player a brand-new car on November 22, 2024. The fortunate winner obtained the luxurious car during the BingoPlus Day campaign. A 5-month BingoPlus player finally had his moment of success, but still could not believe the moment he won the car. In a state of disbelief, the …

SM Foundation continued its medical and dental missions across the country during the last quarter of the year to help ensure the well-being of beneficiaries in communities where SM businesses operate. From October to December, these medical and dental missions were conducted across the country in collaboration with local government units and partner organizations. Like prior SM Foundation medical and …

Aside from expanding its services and operations nationwide, J&T Express, one of the leading logistics and delivery service providers in the Philippines, continues to embody its care culture and Bayanihan spirit with the rollout of Christmas gift packages for its 60,000-strong service personnel this December. Following its string of activities supporting MSMEs and communities in need, the management spearheaded this …

The Department of Trade and Industry (DTI) has intensified its nationwide monitoring of rice prices to ensure that regular and well-milled rice remains affordable for Filipino families, priced between P40 and P45 per kilogram. In a statement released on Thursday, DTI Secretary Cristina Roque emphasized the significance of rice as a staple food for Filipino households. “We will not tolerate …

The government is looking to reduce its foreign borrowings to minimize exposure to foreign exchange risks, according to Department of Finance (DOF) Secretary Ralph Recto. In a recent briefing, Recto explained that while the government is considering various bonds such as Euro, Yen, Sukuk (Islamic bonds), and Dollar bonds, the aim is to limit foreign borrowings to a maximum of …

Consumer sentiment has improved and businesses are more optimistic in the fourth quarter, according to the latest results from the Bangko Sentral ng Pilipinas (BSP) Consumer Expectations Survey (CES) and Business Expectations Survey (BES). The CES, released late Thursday, showed a more favorable outlook among consumers, with the overall confidence index (CI) improving to -11.1 percent in the fourth quarter …