Business

The Insular Foundation, in partnership with PhilRADS, provided food packs to 160 families in San Mateo, Rizal affected by Super Typhoon Carina. The initiative was part of InLife’s corporate social responsibility efforts to assist families in Sitio Ibayo, Barangay Dulong Bayan 1, amid severe flooding in the region.

Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has been honored as one of the top-performing central bank governors globally, receiving an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Cards. The ranking, which includes evaluations from nearly 100 regions, celebrates central bankers' effectiveness in combating inflation through higher interest rates. Governor Remolona completed his first year in office on 3 July 2024. The full report will be published in October.

LANDBANK was recognized for its strong support in the circulation and usage of the 1000-Piso polymer banknotes. The state-run Bank was also lauded for its vital role as the distribution arm of the National Government’s social welfare programs, ensuring the timely, safe, and efficient disbursement of cash aid to Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries.

The Social Security System (SSS) is exploring contributing payment options to help Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries pay the 120 monthly contributions required to qualify for a lifetime pension when they reach retirement age. “It is important for 4Ps beneficiaries to have SSS contributions. Once they have paid at least 120 monthly contributions, they will no longer need financial …

The Monetary Board approved the continued participation of the Philippines, through the Bangko Sentral ng Pilipinas (BSP), in the Financial Transactions Plan (FTP) of the International Monetary Fund (IMF) for the period August 2024 to January 2025. This means that the country has maintained its net creditor position in the IMF which underscores the country’s sound macroeconomic fundamentals. The Philippines’ …

San Miguel Corporation (SMC) is nearing completion of its massive river cleanup in Bulacan, having removed over 4.2 million tons of silt and waste. This effort, spanning 74 km of waterways, is the largest volume extracted in SMC’s Luzon-wide initiative. The project, part of SMC’s “Better Rivers PH” advocacy, comes at no cost to the government or taxpayers. It has …

challenges continue to grow for cybersecurity teams, Kaspersky has unveiled a significant update to its Unified Monitoring and Analysis Platform, a security information and event management system (SIEM). The enhanced functionality is designed to bolster the productivity of cybersecurity teams by expanding the capabilities for threat detection and response. Cybersecurity teams face numerous challenges, such as frequent attempts to penetrate …

Managing HVAC systems in tropical countries can be challenging, where efficient and reliable climate control is essential. LG offers an advanced interlocking solution that simplifies HVAC management, making operations safer and more efficient for businesses throughout the city. This solution provides easy customization through LG’s central controller, allowing users to tailor HVAC functions to meet specific needs with ease. The …

Finance Chief Ralph Recto met with senior Netflix officials recently to discuss the bill on value-added tax (VAT) for foreign digital service providers. “[The] meeting went well. It’s part of consultations with stakeholders such as Netflix,” Recto told the Philippine News Agency in a Viber message. The government is expected to generate more than P20 billion from the proposed 12 …

ARENAPLUS, a 24/7 sports betting app, joined the country in welcoming Olympic double gold medalist and ArenaPlus ambassador Carlos Yulo, along with other Filipino Olympians, during the Manila Homecoming Parade on August 14. The homecoming parade aimed to honor the 22 Astig Filipino athletes, who bravely fought, competed and performed their best during the 2024 Paris Olympics. The parade started …