Business

The Philippine Amusement and Gaming Corporation (PAGCOR) on Tuesday, April 28, donated 12 patient transport vehicles (PTVs) to various local government units (LGUs) and an Army division at the PAGCOR Corporate Office in Pasay City. The beneficiaries include the cities of La Carlota in Negros Occidental; the provinces of Northern Samar and Ilocos Norte; the municipalities of Roxas, Culion, San …

IDfy has officially appointed Raghuraman “Raghu” Chandrashekhar as the new Country Head for the Philippines. This strategic move is part of the company’s broader expansion across Southeast Asia and comes at a time when the country is seeing a rapid shift toward mobile-first banking and digital onboarding. With his extensive regional experience and deep understanding of the local regulatory environment, Chandrashekhar is tasked …

Malacañang has underscored that the Bangko Sentral ng Pilipinas (BSP) remains the key institution responsible for managing peso stability, as the local currency continues to weaken against the US dollar and hit record-low levels. Palace Press Officer Claire Castro said the government views the peso’s depreciation as largely driven by external pressures rather than domestic economic weaknesses. She pointed to …

The Land Bank of the Philippines is rolling out a wider set of financial support measures to help cushion the impact of rising fuel prices, aligning its programs with the government’s Unified Package for Livelihoods, Industry, Food and Transport (UPLIFT). Land Bank of the Philippines President and CEO Lynette Ortiz said the bank is working closely with the Department of …

The Bureau of the Treasury (BTr) successfully raised ₱25 billion from a dual-tranche issuance of Treasury bonds on Tuesday, reflecting continued investor demand for government securities despite elevated interest rates. The Bureau of the Treasury sold reissued bonds across two tenors, including a four-year-and-two-month paper and a 10-year benchmark bond. The reissued four-year T-bond fetched an average rate of 6.741 …

BDO Unibank reported a modest rise in first-quarter earnings, posting a net income of ₱20.1 billion, up 2 percent from ₱19.7 billion in the same period last year, driven by steady growth across its core lending and deposit businesses. In a disclosure, the bank said net interest income increased by 11 percent, supported by strong expansion in consumer lending. Gross …

The state-owned Development Bank of the Philippines has extended a ₱2-billion loan to PH1 World Landscapes, Inc. to finance the construction of 8,360 housing units under the government’s flagship shelter program. The financing supports the Pambansang Pabahay Para sa Pilipino Housing (4PH) program of President Ferdinand Marcos Jr., which aims to expand access to affordable housing for Filipino families. DBP …

LANDBANK is enabling the efficient and secure digital processing of the ₱10-per-liter fuel subsidy for public utility vehicles (PUVs)—specifically for public utility jeepneys (PUJs) and UV Express units—under the National Government’s ₱10-Per-Liter Fuel Subsidy Program, with real-time verification and recording of transactions at participating gasoline stations in Metro Manila. The program provides immediate relief to PUVs drivers and operators facing …

Building forward by enabling businesses, uplifting communities, and creating lasting impact across the Philippines in recognition of Earth Day. In celebration of Earth Day, Aboitiz InfraCapital (AIC) is highlighting a year of meaningful action across its business units—demonstrating how infrastructure can drive both environmental stewardship and inclusive progress. Guided by its purpose of building transformative infrastructure ecosystems, AIC continues to …

BINONDO – Faith and community took center stage on March 27, ahead of Holy Week, with the blessing and unveiling of the Felicidad T. Sy Pastoral and Youth Center at the Minor Basilica and National Shrine of Saint Lorenzo Ruiz. For over four centuries, the site has stood as a witness to devotion, with roots tracing back to 1596. While …