Business

Solaire Resort Entertainment City and Solaire Resort North, two of the most luxurious integrated resorts in Manila, proudly announce the appointment of the record-breaking South Korean singer PSY as their new brand ambassador. The exciting partnership follows PSY’s recent full-house performance ‘K-Swag Legend’ at The Theatre at Solaire on September 14, 2024, showcasing his undeniable popularity in the Philippines. PSY …

ArenaPlus, your 24/7 sports entertainment platform in the country, co-presents another season of the Philippine Basketball Association’s (PBA) newest entertainment game offer, PBA Esports Bakbakan Season 2. PBA Esports Bakbakan is an esports league in the Philippines, organized by the PBA. The league includes esports teams from all twelve PBA franchise organizations. The first season tournament focused on Mobile Legends: …

The Bangko Sentral ng Pilipinas (BSP) aims to complete its investigation into unauthorized deductions from GCash accounts by the second week of December, emphasizing the importance of transparency and public trust. “We want to be thorough in this because we want to assure the public that it’s safe and that we are keeping it that way,” said BSP Payments and …

The Philippine economy is expected to grow at a faster rate of 6% in the fourth quarter, up from 5.2% in the previous quarter, driven by strong domestic demand, easing inflation, and supportive monetary policies, according to Citi economist Nalin Chutchotitham.  In a report released early last week, Chutchotitham noted that these factors, along with the recent reduction in the …

The Bureau of Internal Revenue (BIR) has abolished the P100 certification fee for individuals applying for a Certificate of Exemption, a document required for those with low or no income seeking scholarships or employment and livelihood programs. The fee removal is outlined in Revenue Memorandum Circular (RMC) 127-2024, issued on November 18, and aims to ease the financial burden on …

The Philippine Amusement and Gaming Corporation (PAGCOR) was invited in a briefing held by the Bataan Peace and Order Council on November 13, 2024 regarding the police operations conducted in Central One Bataan. During the said briefing, PAGCOR’s representative made a remark stating that Central One Bataan is under the jurisdiction of the Authority of the Freeport Area of Bataan …

The Philippine Economic Zone Authority (PEZA) is confident of achieving its P200-billion investment goal for 2024, with investment approvals already reaching P186.09 billion as of November 13. In a statement on Wednesday, PEZA highlighted that this amount has already exceeded the full-year investment approvals for 2023, which totaled P175.71 billion. It also marked a 32% increase from the P140.884 billion …

The Bangko Sentral ng Pilipinas (BSP) has reported that both new players and incumbent banks have shown interest in obtaining licenses to operate as digital banks in the Philippines. “There are new players exploring opportunities in the Philippine market, but as per our guidelines, we will begin accepting applications from January 1, 2025,” said Melchor Plabasan, BSP Senior Director for …

The Rural Bank of Sta. Rosa (Laguna), Inc. has reported a substantial increase in net income for the first three quarters of the year, reflecting a strong growth trajectory. According to data shared by Raffy Montemayor, the bank’s chair and co-founder of financial technology firm Salmon, the bank’s net income surged to P166.7 million, up from USD1.7 million in the …

Finance Secretary Ralph Recto recently met with senior officials from JP Morgan to discuss potential collaborations and initiatives aimed at strengthening the Philippine capital market. The meeting, held at the Department of Finance (DOF) headquarters in Manila on November 18, focused on various topics, including JP Morgan’s current operations in the Philippines, opportunities for partnership, and the ongoing efforts to …