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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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THE Philippine Competition Commission has approved the acquisition of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex by the Thunder Consortium, Aboitiz Power Corp. (AboitizPower) has announced. The company told the Philippine Stock Exchange (PSE) that it had been informed of the development by subsidiary Aboitiz Renewables Inc., which is a member of the consortium along with Sumitomo Corp. and Electric …
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As mindful travel continues to shape the future of tourism, Megaworld Hotels & Resorts (MHR), the largest hotel operator in the Philippines, is embracing the movement with the launch of MEGreen Mindful Stays, which is a unified sustainability stay program designed for today’s rising breed of conscious travelers who seek meaning and positive impact in every journey. “At Megaworld Hotels …
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The Market Monitor Minding the Nation's Business