Business

REPRESENTATIVES from the Australia Philippines Business Council (APBC), the Philippines’ Department of Trade and Industry (DTI), IT and Business Process Association of the Philippines (IBPAP), and Philippine Economic Zone Authority (PEZA) visited Victoria International Container Terminal (VICT) – the Port of Melbourne terminal of International Container Terminal Services, Inc., as part of activities marking the 80 th  anniversary of diplomatic …

MANILA, PHILIPPINES — A memorable wedding is often the result of countless creative details coming together seamlessly. From fashion and floral design to styling, entertainment, and hospitality, every element contributes to an experience that feels uniquely personal. This spirit of collaboration was on full display at Light The Aisle: A Luminous Beginning, held at the Grand Ballroom of Solaire Resort …

By DIEGO C. CAGAHASTIAN IT IS reassuring that while businessman Henry Lim Bon Liong of Sterling Paper Group of Companies and SL Agritech passed away two years ago, his vision for greater rice harvests for Filipino farmers through hybrid rice production has seen the light of day in the efforts of preeminent Chinese agronomist Professor Zhang Zhaodong, the executive vice …

The Department of Energy (DOE), AboitizPower Corp., and National Power Corp., are studying a proposed memorandum of understanding to undertake a comprehensive feasibility study on potential nuclear plant sites nationwide. This developed as Aboitiz Power Corp. is supporting the government’s push to integrate nuclear power into the country’s energy mix by helping identify potential sites for development. The study will …

Inflation was monitored by the government at 6.8 percent in May 2026 on the back of slower annual increases in the costs of transport, food, housing, water, electricity, and gas, the Philippine Statistics Authority (PSA) reported on Friday. It was slower than the 7.2 percent inflation recorded in April but faster than the 1.3 percent inflation seen in May 2025. …

The United States is again threatening to weaponize its tariffs, this time against 54 economies including the Philippines, that have allegedly failed to effectively enforce policies against forced labor. The Philippines could soon face additional duties of up to 12.5 percent on some of its exports to the US as a result of its failure to enforce measures banning the …

The Philippine banking system continued to expand its asset base, with total assets rising by nearly 12 percent as of April this year, according to data from the Bangko Sentral ng Pilipinas (BSP). Latest figures showed that total banking system assets reached ₱30.1 trillion in April, up 11.8 percent from ₱26.9 trillion recorded in the same period last year. However, …

Digital payments giant Visa has announced that eligible Visa debit and credit cardholders in the Philippines can now add their cards to Garmin Pay, allowing contactless payments through compatible Garmin smartwatches. In a statement last week, Visa said the new feature enables users to make secure and seamless transactions at any contactless-enabled terminal nationwide, expanding the country’s growing digital payments …

Security Bank has entered into a partnership with AC Health subsidiaries I.E. Medica and MedEthix to extend financing support to their nationwide network of dealers and distributors through a dedicated dealer financing program. In a statement last week, Security Bank said the initiative will provide accredited partners with access to short-term revolving credit lines and inventory financing solutions designed to …

Land Bank of the Philippines will waive convenience fees on select online government payments as part of efforts to make public transactions more affordable and accessible amid ongoing economic pressures. In a statement, LandBank said the zero-fee policy will cover eligible person-to-government (P2G) transactions made through QRPh-enabled channels from June 1 to December 31, 2026. The covered payment channels include …