Companies

FOR  the second time, Mactan-Cebu International Airport (MCIA), the Philippines’ premier tourism transit and transfer hub, has been recognized as one of the world’s best, winning the 2025 ASQ Best Airport Award in Asia-Pacific for the 5-15 Million Passengers Category for outstanding customer experience. The Airport Service Quality (ASQ) program is the only global benchmarking initiative that measures passenger satisfaction …

Local businesses were upbeat in January, the first month of the year, it was disclosed by the Bangko Sentral ng Pilipinas (BSP). The BSP based its conclusion on the results of its recent business expectations survey (BES), which showed a positive confidence index (CI) of a little less than one percent. The Bangko Sentral intends to do its surveys on …

The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) will host the Association of Southeast Asian Nations (ASEAN)-Chinese Business Leaders Summit in Metro Manila this October as part of efforts to attract foreign direct investments (FDIs) and promote the Philippines as a regional tourism and business hub during its 2026 ASEAN chairmanship. In a statement on Friday, …

To say that the Philippines has strong potential in harnessing renewable energy (RE) is an understatement. It is widely reported that the RE sector is comprised of geothermal resources (14.6%/1,932 MW), solar/wind energy (1.4%; solar at 1,382 MW; wind at 443 MW), hydropower (4.1%/1,161 MW), and biomass (12.6%/759 MW). The Department of Energy (DOE) has instituted policies that would encourage …

TP in the Philippines and Globe Telecom recently celebrated 15 years of strategic partnership with an event themed “Celebrating a Crystal Partnership: 15 Years of Shared Success.” The occasion brought together executives, employees, and community partners to honor achievements, recognize outstanding contributions, and reaffirm a commitment to innovation and social impact.  The celebration highlighted TP and Globe’s joint efforts in …

The Philippine Postal Corporation (PHLPost), in partnership with the Office of Rep. Julienne “Jam-Jam” Baronda and the Department of Public Works and Highways (DPWH), formalized a strategic collaboration through a Memorandum of Cooperation (MOC) signed on February 12, 2026 aimed at upgrading postal facilities and delivering more efficient, accessible public services to communities nationwide. The PHLPost Acting Postmaster General and CEO Maximo C. Sta. Maria III, …

Manila Water has commenced the commissioning of one of its mainline extension projects in Antipolo City, Rizal, reinforcing its commitment to providing safe, reliable, and sustainable water services to growing communities. The Mainline Extension of the 150mm Line at Hinapao–Tagbac, Antipolo City aims to deliver new water service connections to residents of Barangay San Jose, particularly the communities of Haustalk and Grand Monaco–Casa Mia. Construction of the project …

THE Department of Public Works and Highways (DPWH) recommended the award of the P3.07-billion contract package 2 of the Bataan-Cavite Interlink bridge project to a consortium led by China Wu Yi Co. Ltd. In a recent resolution, the DPWH’s bids and awards committee (BAC) said the consortium of China Wu Yi, Jinan Urban Construction Group Co., Ltd. and CM Pancho …

Metropolitan Bank & Trust Co. reported a 3.3% increase in net income for 2025, reaching ₱49.7 billion, up from a record ₱48.1 billion in 2024, fueled by strong loan growth. In a disclosure to the Philippine Stock Exchange, the bank said net interest income rose 9.2% to ₱124.6 billion, supported by an 8.8% increase in gross loans. Corporate and commercial …

Let us not dance around the issue of direct foreign investments (FDI).  The Philippines is “kulelat” in the list of where foreign investors wanted to put in their capital, however government authorities here try to massage the numbers. According to the Philippine Statistics Authority (PSA), approved  foreign investments in the Philippines plunged by 50.1% year on year to P272.38 billion …