Business

For two consecutive years, the Governance Commission for Government-Owned and Controlled Corporations (GCG) has recognized the Philippine Charity Sweepstakes Office (PCSO) for its significant achievements and outstanding performance. This year, GCG has even cited the PCSO for two distinct recognitions. First, PCSO was acknowledged by GCG as one of the top-ranking GOCCs in the 2023 Performance Scorecard, and second, for …

The Philippine local currency bond market saw significant growth in the third quarter of 2024, driven by strong performance across all bond segments, according to the latest report from the Asian Development Bank (ADB). In its Asia Bond Monitor report released Wednesday, the ADB noted that total bonds outstanding rose to P13 trillion, reflecting a 3.8 percent quarter-on-quarter increase. This …

The Asian Development Bank (ADB) has approved a USD500-million policy-based loan to enhance the Philippines’ efforts in addressing climate change. In a statement released recently, the ADB announced that the Climate Change Action Program (CCAP) Subprogram 2 will support the country in meeting its Nationally Determined Contribution (NDC) goals. The NDC includes the Philippines’ commitment to reducing greenhouse gas emissions …

Finance Secretary Ralph Recto has officially entered into a USD500-million financing agreement with the World Bank-International Bank for Reconstruction and Development (WB-IBRD) to support the reconstruction of over 3,000 schools across the Philippines that were impacted by typhoons. In an announcement made Wednesday last week, the Department of Finance (DOF) confirmed that the deal was signed by Recto and Zafer …

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (right) leads the ceremonial switch-on of BSP Christmas lights at its head office in Manila on 28 November 2024. Festive lights also adorn Christmas trees and buildings at the BSP Security Plant Complex in Quezon City and various Regional Offices and Branches, while BSP’s EDPC Building façade along Roxas Boulevard …

By. Joni Gesmundo The Market Monitor was born a decade ago in a small office along T.M. Kalaw Street in Ermita, Manila, with a handful of seasoned writers who possessed a passion for relevant and timely stories on the financial sector without the incomprehensible jargon only business leaders can understand. Back then, the challenge was competing with other daily business …

Okada Manila, a Forbes 5-star destination in the Philippines, has been recognized by the Department of Health (DOH) with the Gawad Antonio Luna Award at the Dugong Bayani Awards 2024. This recognition celebrates Okada Manila’s dedication to saving lives and fostering a culture of voluntary blood donation. Okada Manila continues to assist the government in its drive to provide adequate, …

In a significant milestone, MR.DIY Philippines has received the prestigious Bagwis Awards at Gold, Silver, and Bronze levels across multiple regions in October 2024.  This achievement underscores the company’s unwavering dedication to customer satisfaction, ethical business practices, and high standards of quality.  This recognition from the Department of Trade and Industry (DTI) highlights MR.DIY’s adherence to consumer rights, customer care, …

Holiday bazaars have always been a staple shopping destination during the Christmas season. These events feature various options from toys and trinkets to RTW’s and food products that are locally made and proudly Filipino. People come to these bazaars for last-minute shopping and to find gifts that are perfect as either presents to their loved ones, or pasalubong for their …

Timeless Keepsake for that Special Someone  Fossil is setting the tone for the holidays with the launch of its Holiday 2024 Collection, a celebration of timeless style and thoughtful design. Unveiled at the South Entertainment Mall of SM Mall of Asia, the collection offers a range of watches and accessories crafted to make every gift as memorable as the moment …