Business

Bigger and more established banks cannot do this: offer eight percent interest on time deposit. But Salmon Bank (Rural Bank) Inc. is offering this product under its “Bank on Eight” promo. Salmon’s “Bank on Eight” promo promises a promotional interest rate of 8 percent per annum available to clients with Time Deposit placements of at least P1 million for a …

The Philippine Stock Exchange index (PSEi) ended 2025 on the red, reversing its rise for the last three sessions, but the Philippine peso finished sideways against the United States dollar. it was reported by the state-owned Philippine News Agency (PNA). The local bourse’s main index shed 0.21 percent to 6,052.92 points, but the broader All Shares rose 0.25 percent to …

PalawanPay renewed its commitment to the UP Fighting Maroons, highlighting partnership and shared purpose in their pursuit of excellence. PalawanPay, the e-wallet arm of the Palawan Group of Companies, proudly renewed its commitment to the UP Fighting Maroons, reinforcing its role as a steadfast partner in the team’s continued journey toward victory and growth. This renewed alliance reflects PalawanPay’s deep …

Tecon Suape S.A. (TSSA), International Container Terminal Services, Inc.’s (ICTSI) business unit in Pernambuco, Brazil, is once again recognized as one of the country’s leading environmentally responsible port facilities after receiving the 2025 Ocean Friend seal. The award underscores the company’s commitment to sustainability and ocean protection. The award was presented at Suape Conecta, an event organized by the Suape Port Industrial …

Manila Water is encouraging customers across the East Zone to start 2026 with a clean and healthy home environment as the company releases its desludging schedule for January 2026. The company continues to remind customers that regular septic tank cleaning is essential in safeguarding both household hygiene and community sanitation, especially at the beginning of the year when many families …

The Manila International Container Terminal (MICT), the flagship facility of International Container Terminal Services Inc. (ICTSI) and the Philippines’ leading international trade gateway, handled a record three million twenty-foot equivalent units (TEUs) in 2025—the first time the terminal has reached that level in a single year. The record container was handled on December 22, when the terminal serviced the container …

The Securities and Exchange Commission (SEC) has issued a revised regulatory framework shoring up its regulatory function and improving the accuracy, timeliness and truth about beneficial ownership (BO) disclosures of firms. In a statement released Tursday, the SEC said it issued Memorandum Circular No. 15, Series of 2025 on Dec. 22 that paves the way for the issuance of revised …

Vital public services are expected to be negatively affected with the government’s policy or propensity to scale down its subsidies to government-owned and -controlled corporations (GOCCs). Data from the Bureau of Treasury showed that these subsidies fell 38.91% year on year in November. Budgetary support to state-run firms totaled P7.47 billion in November. Month on month, GOCC subsidies fell 16.23%. In …

Starting on Sunday, January 4, 2026, foreign businessmen and corporations may henceforth lease land in the Philippines for 99 years, almost negating the stringent land ownership limits enshrined in the 1987 Constitution. Last Thursday, the Department of Trade and Industry (DTI) and the Board of Investments (BOI) jointly announced the signing of the implementing rules and regulations (IRR) for Republic …

The Bangko Sentral ng Pilipinas (BSP) wants the public to know more about the foreign exchange market (FX), especially investors and financial business stakeholders. This is the rationale for the BSP’s current move to engage in a  nationwide information drive for a more investor-friendly FX environment. BSP Director Jodeth Niña R. Yeung has been conducting lectures in key regional centers including …