The Department of Finance (DOF) stressed that exercising fiscal discipline will be critical heading into 2026 as the Philippines continues to recover from the flood control corruption scandal. Finance Secretary Frederick Go said agencies should prioritize spending on projects with the highest economic returns. “The key to that fiscal discipline is that all the agencies take a very good look …
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The Philippines’ balance of payments (BOP) registered a modest deficit of US$225 million in November 2025. For January to November 2025, the BOP recorded an overall deficit of US$4.8 billion. Gross international reserves (GIR) increased to US$111.3 billion as of end-November 2025, showing adequate external liquidity buffer, equivalent to 7.4 months’ worth of imports of goods and payments of services …
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Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and Chief Executive Officer Alejandro H. Tengco led the blessing and inauguration of the Philippine Military Academy Alumni Association Inc. (PMAAAI) Center for Leadership and Excellence at Fort Bonifacio in Taguig last December 16. The completion of the mid-rise, multi-purpose facility, worth P600 million, marked a key milestone for the country’s premier military …
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San Miguel Corp. (SMC) said land development works for the New Manila International Airport (NMIA) project in Bulacan continue to advance in line with international best practices, noting the continued engagement of Boskalis Westminster, one of the world’s leading dredging and marine infrastructure companies. “Boskalis continues to support the NMIA development and remains engaged with SMC in our technical and …
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Manila Water is assuring its more than 7.8 million customers across the East Zone of Metro Manila and Rizal that they will continue to enjoy uninterrupted water service throughout the Christmas and New Year holidays. The company strengthened its operational readiness to support the expected increase in household consumption as families prepare for gatherings, celebrations and out-of-town travel this festive …
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For the second consecutive year, Takeda Healthcare Philippines, Inc. (THPI) was honored at the Asia Corporate Excellence and Sustainability (ACES) Awards, earning recognition in the Inspiring Workplaces in Asia category. The recognition reflects Takeda’s commitment to fostering a people-centered culture that empowers employees to deliver better health for patients in the Philippines. THPI Country Manager Loreann Villanueva said: “Our commitment …
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For many young Filipinos, education is a way to build skills and shape a future that can uplift both themselves and their communities. Students enter college determined to turn their talents into meaningful opportunities, but the path is rarely straightforward. Even with free tuition in public universities, daily expenses make pursuing a degree a challenge. Scholarships from private organizations give …
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By DIEGO C. CAGAHASTIAN The troubles that beset the Philippine economy, particularly the business community, mainly emanating from the embarrassing billion-peso flood control projects scandal, were momentarily set aside by Chinese-Filipino businessmen at an important event. The occasion was the welcoming function in honor of His Excellency, Ambassador Jing Quan, held at the Federation of Filipino Chinese Chambers of Commerce …
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Transport Network Company Grab has expressed its appreciation for the swift action taken by the Land Transportation Franchising and Regulatory Board (LTFRB) and the Department of Transportation (DoTr) in addressing the concerns of Transport Network Vehicle Service (TNVS) drivers. In a statement, Grab extended its gratitude for the implementation of a fixed pickup fare system, which was introduced as a …
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Hospitality is often seen through the lens of warm smiles and flawless guest experiences, but behind every welcoming gesture is work that demands both physical endurance and emotional strength. A career in the service industry means long hours on one’s feet and the ability to show genuine care. It requires an unwavering commitment to serve others well, no matter the …
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The Market Monitor Minding the Nation's Business