Philippine National Bank (PSE: PNB), in partnership with JCB International Co., Ltd. (JCBI), has introduced the PNB JCB Platinum credit card, designed to match the evolving spending habits of Filipino consumers. As more users balance digital, in-person, and international transactions, the card supports everyday purchases while offering added convenience for travel and bigger expenses. It features rewards earning, flexible payment …
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The Philippine banking sector remains capable of weathering potential economic shocks despite emerging risks to credit quality, the Bangko Sentral ng Pilipinas said on Friday. The statement came after Fitch Ratings warned that recent economic headwinds could lead to higher loan impairments and weaker profitability among local banks this year. Monetary authorities said they continue to closely monitor developments affecting …
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THE Metropolitan Waterworks and Sewerage System (MWSS) welcomed the recognition of Manila Water Company’s Upper Wawa Dam as Water Project of the Year at this year’s Global Water Award. The honor wad formally conferred to MWSS Administrator Leonor Cleofas during the sidelines of the Singapore International Water Week (SIWW) 2026 in Singapore. The award, organized by Global Water Intelligence (GWI), …
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THE Land Bank of the Philippines and the National Irrigation Administration (NIA) have formalized a strategic partnership aimed at boosting agricultural productivity and financial inclusion for farmers in irrigated areas. Signed last June 11 by LANDBANK President and CEO Lynette V. Ortiz and NIA Administrator Engr. Eduardo Eddie G. Guillen, the Memorandum of Agreement (MOA) aligns critical financing and irrigation …
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SHELL Pilipinas Corporation has secured multiple accolades at the Asian Management Excellence Awards 2026 and the 2026 Asia-Pacific Stevie Awards, recognizing its impactful initiatives in employee well-being, sustainability, digital transformation, stakeholder engagement, and business innovation. At the Asian Management Excellence Awards, the company won two top titles in the Oil & Gas sector for its Be Well program, which promotes …
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SAN Miguel Corporation (SMC) has expanded its long-running Better Rivers PH program to Cebu by launching the Butuanon River cleanup in Mandaue City, directly supporting the government’s Oplan Kontra Baha initiative. The project targets a heavily silted four-kilometer section from the river’s mouth, which previously overflowed during Typhoon Tino in November 2025 and caused widespread local flooding. Funded entirely by …
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The Philippines under the Marcos administration has maintained its secure status as among the lowest-ranked economies in the Asia-Pacific region. This was according to the IMD World Competitive Center (WCC) which also reported a miniscule four-spot improvement for the country in its yearly survey. In the 2026 IMD World Competitiveness Ranking, the Philippines ranked 47th out of 70 economies with …
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CLARK FREEPORT ZONE — The ACDI Multipurpose Cooperative (ACDI MPC) has announced the arrival of its newly acquired Cessna 408 SkyCourier last June 11 at the Clark International Airport, marking its strategic expansion into the aviation industry through its subsidiary, Leading Edge Air Services Corp. (LEASCOR). ACDI MPC, the largest cooperative in the Philippines, is owned by active and former …
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The Asian Development Bank (ADB) plans to give the Philippines a $210-million loan to help the country improve energy efficiency in the education and health sectors. The package will support the Government Energy Management Programme (GEMP), which requires government agencies to reduce monthly electricity consumption in public buildings by at least 10%. “This requirement is being enforced under the Philippines …
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In an attempt to stave off the runaway inflation, the Bangko Sentral ng Pilipinas (BSP) has decided to increase the policy rate which guides lending costs of banks to 4.75 percent. This is the BSP’s second rate hike this year. Many economists have correctly predicted the quarter-point hike. “Inflationary pressures remain strong. Global oil and fertilizer prices remain elevated and …
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The Market Monitor Minding the Nation's Business