Business

The Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) signed on 18 October 2023 a Memorandum of Agreement (MOA) on the collaborative oversight and supervision of cooperatives that are electronic-money issuers and operators of payment systems, including those that deploy ATMs. BSP Governor Eli M. Remolona, Jr. and CDA Chairman Joseph B. Encabo inked the MOA at …

Leading fiber broadband provider Converge ICT Solutions Inc. announced their alliance with the Philippine Collegiate Championship (PCC), which is organized by  the Central Collegiate for Esports (CCE) to elevate esports gaming lifestyles through education for the next generation of gamers. Converge is actively expanding its presence in the educational segment, aligning perfectly with the CCE in their mission to support …

Manila Water continues to experience an upswing in service expansion as it racks up a total of 1,163,014 connections as of July 2023 since 1997. As of July 2023, the water company had successfully installed 16,728 new water connections. Of the total new connections, 16,175 are new domestic service connections, which is already 81% of the 2023 target. In the …

In a groundbreaking move set to redefine the future of fintech in the Philippines, Fintech Alliance PH, the nation’s first and largest digital industry organization of startups and unicorns, is proud to announce the staging of the Philippines’ first and largest country pavilion called the “Bagong Pilipinas: The Philippine Country Pavilion” at the Singapore FinTech Festival during the Industry Collaboration …

East Java Multipurpose Terminal (EJMT), International Container Terminal Services, Inc.’s (ICTSI) business unit in East Java, Indonesia, hosted a groundbreaking ceremony last October 12 to showcase the development of a new state-of-the-art gateway for the Lamongan, Tuban and central Java hinterlands. The development consists of a 300-meter quay line, breakwater, super heavy lift breakbulk deck, and dredging of the navigational …

The Bangko Sentral ng Pilipinas (BSP) delegation led by Deputy Governor Francisco G. Dakila, Jr. as Temporary Governor for the Philippines in the International Monetary Fund (IMF) and Monetary Board Member (MBM) V. Bruce J. Tolentino as Temporary Alternate Governor, attended the 2023 IMF and World Bank Group (WBG) Annual Meetings in Marrakech, Morocco from 09-15 October 2023.[1]  This year’s …

By Noura Afaneh, web content analyst at Kaspersky Nowadays, there is no denying that Artificial Intelligence (AI) has become an integral part of our lives, whether we are aware of it or not. Whether it’s the phone we hold in our hands, our transportation systems, or even our education; it is slowly replacing many of the tools we once thought …

International Container Terminal Services, Inc. (ICTSI) has once again been recognized by leading investment institutions and agencies as one of the top Asian companies that has shown all-round governance excellence and social responsibility efforts.   In the recently concluded 2022 Asia’s Outstanding Companies Poll by Asiamoney, ICTSI was named the most outstanding company in the Philippines under the Transportation Sector …

The Land Bank of the Philippines (LANDBANK) remains strong, adequately capitalized, and compliant with regulatory requirements of the Bangko Sentral and Pilipinas (BSP). As of June 2023, the Bank’s total assets reached P3 trillion or 7.9% higher than P2.8 trillion in the same period a year ago, while net income stood at P20.9 billion from loans and investments earnings, exceeding …

The Department of Trade and Industry- Bureau of Domestic Trade Promotion (DTIBDTP) achieved another milestone for its Go Lokal! Program through its recent partnership with Tiger Resorts, Leisure and Entertainment, Inc. (TRLEI), the operator of the prestigious Forbes Travel Guide 5-star integrated resort, Okada Manila.  Nestled within the Entertainment City in Parañaque, Okada Manila will exclusively feature Go Lokal! products …