The Board of Investments (BOI) has endorsed two renewable energy (RE) initiatives by Nexif Ratch Energy Investments Pte. Ltd. (NREI), with a combined value of P73.9 billion, for streamlined processing under the government’s green lane program. In a statement released Friday, the BOI announced that it had issued a green lane certificate to the P67-billion Lucena Wind Power Project. This …
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Canadian businesses eyeing opportunities in the Philippines are set to benefit from the launch of the Export Development Canada (EDC) office in Manila. The state-owned export credit agency officially announced its Manila presence during a plenary session at the Canadian Embassy Thursday last week, coinciding with a Canadian Trade Mission’s visit to the country. “We’ve been thinking about this for …
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The Bangko Sentral ng Pilipinas (BSP) said the new polymer banknotes to be released in the first quarter of 2025 will be circulated alongside the existing paper banknotes. “Paper banknotes shall remain legal tender,” the BSP said in a statement last week. In a recent social media post, the BSP announced the issuance of the First Philippine Polymer banknote series. …
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The Bangko Sentral ng Pilipinas (BSP) may increase the number of digital banking licenses it plans to issue in 2025, according to Chuchi Fonacier, the BSP’s Deputy Governor for financial supervision. Fonacier explained that while the BSP is open to the possibility of issuing more licenses, any increase would require approval from the Monetary Board (MB). Currently, six digital banks …
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Landbank led the roster of government agencies recognized for exemplary service, with 12 of its branches earning top marks in the 2023 Report Card Survey (RCS) 2.0 by the Anti-Red Tape Authority (ARTA). The LANDBANK branches were honored at the ARTA RCS Awards Ceremony at Conrad Manila on 30 October 2024, underscoring the Bank’s collective commitment to providing efficient, high-quality …
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Former Pinoy Big Brother (PBB) housemate Bryan “Brx” Ruiz expressed his appreciation for being given the opportunity to share his financial knowledge to fellow Negrenses during the recent BDO mini-fiesta held at the Sipalay City Gymnasium. Tapped to co-host the event, the 32-year-old Ruiz—dubbed as Seamanluluto ng Bacolod during his PBB: Gen11 days—said his experience as a seafarer helped him …
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The SM Foundation, in partnership with the Quezon City Schools Division Office, inaugurated the Schools Division Office (SDO) Wellness Center for Teachers & Employees, a facility designed to promote the health and well-being of teachers and staff in the city. The foundation refurbished the center to create a relaxing atmosphere and provide them with a safe and comfortable space to …
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“Writing memoirs & poems made me relook at my learning is life.” Mario Torrento, an entrepreneur from Iloilo who took the Creative Writing class. “My poem “Letter to the World” serves as a beacon of hope to our readers, young & old, in the face of chaos and confusion” this is from Rudy Fernandez, a banker who was sidelined from …
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With sleek, ultra-flat, iconic stylish giant screen Innovative technology brand TECNO today unveiled its new AI-enhanced, second-generation flip smartphone, PHANTOM V Flip2 5G in the Philippines with Pia Wurtzbach as brand ambassador A remarkable fusion of on-trend aesthetic design and powerful technologies, the iconic phone will bring a fun, fashionable and functional flip phone experience to stylish individuals. Bringing …
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The national government posted a P6.3-billion budget surplus in October, as revenue collections exceeded the growth in expenditures. According to the Bureau of the Treasury (BTr), this fiscal surplus marks a significant turnaround from the P34.4-billion deficit recorded in the same month last year. From January to October, the fiscal deficit reduced to P963.9 billion, which is 64.94 percent of …
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The Market Monitor Minding the Nation's Business