Business

Post-POGO, how much are condominiums selling in Metro Manila? Prices vary drastically between business districts and less central areas in the National Capital Region. The same is true in emerging markets such as Cebu City, Davao City and Iloilo City. Baguio and Tagaytay, however, have remained in demand for condo buyers and renters, with tourism factors providing the incentive. In …

By Diego C. Cagahastian The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), decided to prune the nation’s interest rates by 25 basis points at its meeting last December 11. It was the MB’s last meeting for the year, and marked the fifth consecutive time that the rate was decreased. This time around, the Board lowered …

The government, specifically the Senate and the House of Representatives, passes financial laws mandating banks to support  agriculture, small businesses and rural cooperatives by giving them loans. In the case of the agriculture sector, a certain percentage of the banks’ loan allocations should be given to the farmers. But this is seldom observed, with banks giving priority to condominium developers …

The Securities and Exchange Commission (SEC) has taken up the cudgels for small borrowers, especially those who have been victimized by predatory lenders online. The SEC issued an order putting a cap of 6 percent per month or 0.2 percent a day as nominal interest rate that lending firms can charge on loans worth P10,000 and below. The corporate regulatory …

The country is paying more for interest on debts, specifically P723.2 billion from January to October this year, accounting for 37.4 percent of debt service. The  Bureau of the Treasury (BTr) said  debt payments increased during the first ten months of the year, driven by a double-digit jump in interest payments to domestic and foreign lenders. The government’s debt payments …

Senate President Pro Tempore Panfilo Lacson, chairman of the Senate Committee on Accountability Of Public Officers and Investigation (Blue Ribbon) together with Sen. Erwin Tulfo conducted an investigation into the alleged misuse and weaponization of Letters of Authority (LOAs) by personnel of the Bureau of Internal Revenue (BIR) as a money-making scheme, and other systematic abuses. Photo shows  the two …

Transnet SOC Ltd (Transnet) and the world’s largest independent terminal operator, International Container Terminal Services, Inc (ICTSI) today officially signed a 25-year partnership agreement for the strategic Durban Container Terminal (DCT) Pier 2. The landmark agreement marks a pivotal moment in Government’s economic reforms agenda and Transnet’s strategy to crowd in the private sector into selective and strategically identified areas …

SAN FERNANDO CITY, Pampanga – Following the success of the inaugural event in Manila, LANDBANK reaffirms its commitment to accessible public service by participating in the regional rollout of the Government-Owned or Controlled Corporations (GOCCs) Service Caravan on November 27-28, 2025, at SM City Pampanga. Spearheaded by the Department of Finance (DOF), the two-day caravan, themed “Serbisyo sa Bayan, Hatid …

Flag carrier Philippine Airlines (PAL) joined the Philippine Sports Commission (PSC) and the Philippine Olympic Committee (POC) in honoring Filipino athletes bound for the upcoming 33rd Southeast Asian Games during the official send-off ceremony held on November 28, 2025, at the Rizal Memorial Coliseum.  The event underscored PAL’s commitment to providing comfort and convenience for the delegates of Team Philippines as they travel to Thailand …

Converge ICT Solutions Inc. is accelerating its transformation from pure connectivity provider to full-fledged technology company with the relocation of its corporate and large enterprise arm, the Converge Global Business Group (GBG), to a cutting-edge headquarters at the Asian Century Center in Bonifacio Global City (BGC), Taguig. The shift from the Reliance IT Center in Pasig marks a major milestone …