Business

Alfamart, the first and only Super Minimart chain in the Philippines, recently opened its first store in the province of Bataan, specifically in Santa Rosa, Pilar.

In line with its thrust towards becoming a center for arts and culture in the heart of Boracay, Crimson Resort and Spa Boracay officially opens its doors to its first-ever artist-in-residence Eric Egualada.

The Asian Banker recently recognized the Metropolitan Bank & Trust Co. (Metrobank) as the Strongest Bank in the Philippines in 2021. The award is part of The Asian Banker’s pioneering and most credible annual ranking analysis of all major banks in the Asia Pacific Region based on their strongest balance sheet performance.

100 Small business owners invited to set up shop in SM malls It has been almost two years since the pandemic brought Filipino life and many livelihoods to a screeching halt. According to a 2020 Asian Development Bank (ADB) study of 1,804 Philippine MSMEs, 70.6% were forced to temporarily close with 66.2% reported to have temporary staff cuts during the height of …

The Philippine economy may be able to return to pre-pandemic levels after 10 years, according to the National Economic Development Authority (NEDA). 

The national government’s outstanding debt reached a record high of P11.64 trillion as of end-August 2021, rising more than a fifth compared to last year. 

Election campaign spending is expected to boost the economy although at a slower rate due to mobility restrictions during the pandemic, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno.  Diokno projects a 0.50% “bump” to gross domestic product (GDP) due to increased spending for the May 2022 presidential elections. Previous elections contributed one percent to total GDP.  “There …

Philippine Airlines (PAL) secured an approval from a US court to access a $505-million debtor-in-possession (DIP) financing as part of its recovery plan. 

The Philippines is aiming to become top exporter of coconut products to China, next to other ASEAN countries. 

The Securities and Exchange Commission (SEC) warned the public against dealing with Pogi Breeds International, a group of players of the Axie Infinity game using investments solicited from clients.