Business

State-run Land Bank of the Philippines (LANDBANK) recently inaugurated agri-hubs in Oriental Mindoro and Misamis Occidental, in its continued bid to boost the rice production and economic activities in these provinces. LANDBANK has been establishing agri-hubs in the country’s top rice-producing provinces to bring various financial services under one roof. These include banking services such as account opening, withdrawals, and …

Personal remittances from Overseas Filipinos (OFs) registered US$3.15 billion in January 2024, higher by 2.7 percent than the US$3.07 billion recorded in the same month last year. The increase in personal remittances in January 2024 was driven by increased remittances from land-based workers with work contracts of one year or more and 2) sea- and land-based workers with work contracts …

Security Bank Corporation (PSE:SECB) has teamed up with Helios, the country’s pioneering climate fintech firm behind the innovative solar mortgage program, to revolutionize the way Filipinos access clean and sustainable energy.  This strategic partnership, cemented by the signing of a Memorandum of Agreement (MOA) on February 29, 2024, marks a significant milestone in the journey towards a greener and more …

In a monumental gathering, the giants of the banking world have come together in an intimate dinner setting recently to fortify their connections and collaborate on a mission of paramount importance: financial inclusion.  This unprecedented event showcases the commitment of the banking leaders to bridge gaps and pave the way for a more inclusive financial landscape. Through shared insights, strategic …

The investment climate in the Philippines is encouraging particularly in the energy sector, according to United States Secretary of Commerce Gina Raimondo.  High-level meetings took place between top US business leaders and Philippine business groups during the first US Presidential Trade and Investment Mission (PTIM) held last March 11-12. Sec. Raimondo lauded the country’s efforts in ramping up renewable energy …

Bringing together over 120 industry stakeholders, including bangus (milkfish) producers and cooperatives, cold chain operators, logistics providers, and prospective investors, a resounding commitment has been made to explore the potential of cold chain to support the further expansion of the Philippine Milkfish Industry. Championing the bangus industry in Pangasinan, the participants gathered at the Cold Chain Investment Forum on 28 …

Prime Energy Resources Development B.V. said the exploration of new wells on Service Contract (SC) 38 remains on track. On Friday, Prime Energy announced that it awarded a USD69.9-million (PHP3.88-billion) contract to Noble for the use of its deepwater drillship “Noble Viking” for the Malampaya Phase 4 Project. The Noble Viking drillship will be involved in drilling deepwater wells in …

The Manila Pen Show (MPS), the premier destination for enthusiasts of fine writing instruments, ink, and paper in the Philippines, is thrilled to announce its upcoming event on March 16-17, 2024, at the Holiday Inn and Suites Makati, 5F. The show opens its doors from 8:00 am to 6:00 pm on both days, promising a weekend filled with discovery, learning, …

Manila International Container Terminal (MICT), International Container Terminal Service, Inc.’s (ICTSI) flagship terminal, celebrates another milestone with the handling of its 50 millionth twenty-foot equivalent unit (TEU). MICT unloaded the 50 millionth TEU container from MV Seabreeze, operated by Ocean Network Express (ONE). The shipment is owned by HRD Singapore PTE Ltd. Leveraging cutting-edge technology, MICT has been at the …

The Financial Stability Coordination Council (FSCC) held its 38th Executive Committee meeting. Held soon after the launch of the 2023 Financial Stability Report (FSR), the Council assessed the development in the early part of 2024 against the trends of the full year of 2023 as reported in the FSR. FSCC Chairman and Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, …