Business

PH-UAE economic partnership accord cited

The Comprehensive Economic Partnership Agreement (CEPA) between the Philippines and the United Arab Emirates (UAE) is expected to provide a long-term boost to the resilience of the Philippine economy. The CEPA was signed Tuesday on the sidelines of the Abu Dhabi Sustainability Week 2026 Summit at the Abu Dhabi National Exhibition Center, with Department of Trade and Industry Secretary Cristina …

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GSIS heeds PSE call for expanded market participation

THE Government Service Insurance System (GSIS) is studying the Philippine Stock Exchange’s proposal for state-run pension funds to revive loan for stocks and other financial products,  signaling openness to the initiative while outlining a framework centered on member protection and operational sustainability. GSIS President and General Manager Wick Veloso said the GSIS recognizes the potential of these loan programs to …

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STARLUX takes delivery of first Airbus A350-1000

TOULOUSE, France – STARLUX Airlines of Taiwan has taken delivery of its first of 18 A350-1000s, becoming the 11th global operator of the largest version of the A350.  The new A350-1000 will join a fleet of 10 A350-900s already in service with the airline, deployed on premier long-haul services from Taipei to Europe and North America, as well as selected …

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2GO Forwarding enables seamless logistics, creates opportunities for businesses and industries

2GO, the country’s  premier multimodal logistics solutions provider, continues to strengthen its reputation as a reliable local partner of leading international brands and organizations. 2GO Forwarding, the freight forwarding arm of the 2GO Group, operates through a nationwide network that spans 33,000 barangays and delivers scalable logistics for industries such as pharmaceuticals, FMCG, automotive, and events.  With access to sea, …

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Manila Water sustains expansion of water service network, reinforces 24/7 supply reliability

MANILA Water sustains massive expansion of water service connections.  From January to November 2025, the company installed 19,421 new water service connections, bringing the total to 1,213,213 across the East Zone concession area since 1997, reflecting the company’s commitment to meeting the growing demand for safe and reliable water. Supporting this expansion is a robust water supply network that grew …

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Cash remittances by OFWs scale up to $2.91 B

With the weakest peso ever at P59.44 to the dollar, cash remittances from overseas Filipino workers are enjoying the best of times. Remittances from OFWs ramped up to  $2.91 billion in November 2025, reinforcing the steady role of migrant workers in supporting household spending and overall economic activity in the Philippines. This may be attributed to the need for more …

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68,000 motorcycle owners benefit from BDO loans

If you are a motorist who is annoyed and angry about the glut of motorcycle riders on the road—many of them violating traffic rules and endangering other motorists—perhaps you might blame the extra loose and expansive financing available to these buyers. Blame, too, must go to the government’s inability to provide public transport systems along with a working traffic management …

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Landbank rolls out ASENSO bonds 

From the initial number of P5 billion, LANDBANK has raised the minimum target for its dual-tenor sustainability bond offering to P30 billion, hoping that buyers and investors are serious in promoting the environment and agricultural growth. The bonds, called Agriculture, Sustainability, Environment, and Socioeconomic Development (ASENSO) bonds, are peso-denominated and fixed-rate, with tenors of 1.5 and three years. The public …

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Manulife pushes Impact Agenda for environment, volunteerism

Manulife Philippines, the local arm of leading financial services provider Manulife, continues to advance its Impact Agenda, the company’s global commitment to drive better outcomes for its customers, communities, and the planet, with various volunteering and community efforts spread throughout the past year. To cap 2025’s initiatives, Manulife executives, volunteers, and beneficiaries came together for sustained reforestation efforts, advancing environmental …

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PCC okays sale of 3 major power plants 

The Philippine Competition Commission (PCC) has approved the sale of three power plants owned by the Power Sector Assets and Liabilities Management (PSALM) Corporation. Changing ownership are the Caliraya Hydroelectric Power Plant, Botocan Hydropower Plant and Kalayaan Pumped Storage Power Plant (KPSPP) from PSALM to Cleanergy 9 Power Inc., which is owned by the Thunder Consortium comprised of Aboitiz Renewables …

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