Global tech and services giant Concentrix has invested nearly P1.02 billion to establish its second site in Bacolod City—marking a major boost for the city’s IT-BPO industry. The new facility, named Concentrix Bacolod AIU, spans four floors and over 8,200 square meters at the AIU Centre in Barangay Mandalagan. It is expected to house around 1,800 employees—referred to by the …
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The Philippine Deposit Insurance Corporation (PDIC) reported a significant increase in asset sales in 2024, generating P411.4 million from the sale of 281 properties—up by 24.7% from P330 million in 2023. In a statement released last week, the PDIC said the number of properties sold this year matched 2023 figures, but the total sale value in 2024 exceeded the aggregate …
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The Bangko Sentral ng Pilipinas’ (BSP) First Philippine Polymer Banknote Series (FPPBS) has won the “Best New Banknote or Banknote Series” award from the International Association of Currency Affairs (IACA). In a statement released last week, the BSP said the award was conferred during a ceremony held in Bangkok, Thailand on May 28. IACA cited the FPPBS for its cutting-edge …
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The Department of Finance (DOF) assured that the government is effectively managing the national debt it inherited from the previous administration by sustaining strong economic growth and implementing prudent fiscal policies. In a statement released Thursday, the DOF said the P16.75 trillion national debt as of end-April 2025 remains relatively low compared to other Asian economies. Japan tops the list …
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The Bank of the Philippines Islands (BPI) announced that the reduced P10 fee for InstaPay inter-bank transfers via the BPI app and online platform will now be a permanent feature. This move aims to make digital financial services more affordable and accessible for customers. Previously, BPI had cut the InstaPay fee from P25 to P10 as a promotional offer to …
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Converge ICT Solutions Inc. is gearing up for a transformative year as it readies the launch of two state-of-the-art data centers and two major international submarine cable systems, all set to go online within 2025. During the company’s virtual annual stockholders meeting on Friday, Converge CEO and co-founder Dennis Anthony Uy announced that the twin initiatives mark a strategic push …
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With classes set to resume on June 16, the Department of Trade and Industry (DTI) has launched the 2025 edition of the Gabay sa Pamimili ng School Supplies, providing parents with a reliable reference for school supply prices to help them prepare for the new academic year. This year’s guide covers 195 items across 12 categories. According to the DTI, …
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Finance Secretary Ralph G. Recto lauded the enactment of Republic Act No. 12214 or the Capital Markets Efficiency Promotion Act (CMEPA), describing it as a landmark reform that will help bring investment opportunities closer to ordinary Filipinos while bolstering inclusive economic growth. “This is a game-changing law that makes capital market investments more accessible, affordable, and understandable, especially for small …
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The Philippine Statistics Authority (PSA) reported that the growth of the Producer Price Index (PPI) for manufacturing decelerated to 0.1 percent in April 2025, down from 0.6 percent recorded in March. In a statement released Friday, the PSA attributed the slowdown mainly to a weaker annual growth in the computer, electronic, and optical products industry, which posted a slower increase …
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The Philippine Economic Zone Authority (PEZA) is experiencing a significant resurgence under the Marcos administration, with total approved investments reaching P530.59 billion from 2022 to April 2025. Official data show a consistent upward trend: P140.7 billion in 2022, P175.71 billion in 2023, P214.18 billion in 2024, and P63.5 billion during the first four months of 2025. At this pace, PEZA …
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