Business

MAKATI CITY—LANDBANK has successfully raised ₱50 billion through its Agriculture, Sustainability, Environment, and Socioeconomic Development (ASENSO) Bonds, officially listed on the Philippine Dealing and Exchange Corp. (PDEx) on 16 February 2026. Proceeds will continue to finance projects that uplift communities, expand economic opportunities, and advance a more sustainable and inclusive future. LANDBANK President and CEO Lynette V. Ortiz, Securities and Exchange …

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 …

Executive Secretary Ralph Recto and Finance Secretary Frederick Go, the duo most responsible for managing the Philippine economy, have placed their bets on Japan in charting the course of the economy in the next few years. The TMM Business Section came to this conclusion as the joint meeting of the 42nd PHILJEC-JPECC was held last Thursday, and the pre-conference welcome …

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 …

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has given up on monetary policy as principal driver of economic growth. Remolona said monetary policy has reached the limits of its effectiveness in reviving the Philippine economy, shifting the burden to the legislative and executive departments of the government to implement fiscal reforms and address governance failures. He stressed  that …

The Bangko Sentral ng Pilipinas Monetary Board reduced key policy rates by 25 basis points last week, citing the need to stimulate growth after weaker-than-expected output in 2025. The move sets the target reverse repurchase (RRP) rate at 4.25%, the overnight deposit rate at 3.75%, and the overnight lending rate at 4.75%. Since August 2024, the BSP has lowered rates …

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 …

The Bureau of the Treasury (BTr) set the average rate for its 10-year fixed-rate Treasury note (FXTN) at 5.893% during a recent auction. Although the BTr offered ₱300 billion worth of the debt paper, it awarded only ₱107.07 billion out of ₱328.47 billion in total tenders. National Treasurer Sharon Almanza said there are no plans to match last year’s ₱300-billion …