Business

The Bank of the Philippine Islands (BPI) marked another milestone with the opening of BPI Wealth Singapore, a wholly owned subsidiary located in Marina Bay.  The new office strengthens BPI’s presence in Asia and connects Filipino and regional clients to one of the world’s leading financial hubs. The launch gathered top officials from the Philippines and Singapore, led by BPI …

Halloween is here, and your favorite go-to store is making it extra fun and budget-friendly for everyone!  Whether you’re preparing for a night of trick-or-treating, hosting a themed party, or simply bringing a touch of spooky cheer to your home, MR.DIY has everything you need to celebrate the season with style and savings. From fun accessories to charming décor, MR.DIY’s …

Collaboration among the government, academe, and the Information Technology-Business Process Management (IT-BPM) sector is driving the Philippines’ sustained dominance in the global business process outsourcing (BPO) industry. Inkee Hidalgo, vice president for learning and development at global digital business services provider TP, said the country’s two decades of experience in managing the BPO space form a strong foundation for continued …

Finance Secretary Ralph Recto on Thursday said the country’s tax revenues must increase by at least 10.2 percent annually from 2025 to 2028 to keep government programs adequately funded and ensure fiscal stability. Recto said the steady growth would push total revenues to nearly ₱6 trillion by the end of President Ferdinand R. Marcos Jr.’s term and breach ₱7 trillion …

Electricity consumers can expect slightly lower power transmission charges this October after the National Grid Corporation of the Philippines (NGCP) announced a 1.23 percent decrease in overall transmission rates. NGCP Assistant Vice President and Regulatory Management head Julius Ryan Datingaling said the average transmission rate dropped to ₱1.3998 per kilowatt-hour (kWh) from ₱1.4171/kWh in the previous billing period, mainly due …

The Philippine Amusement and Gaming Corporation (PAGCOR) and the Philippine Charity Sweepstakes Office (PCSO) have joined hands to enhance the country’s emergency healthcare system through a ₱141-million donation of 70 Patient Transport Vehicles (PTVs). The partnership was formalized during a Memorandum of Agreement (MOA) signing held at the PAGCOR Corporate Office in Pasay City on October 15, 2025.  The vehicles …

The Department of Trade and Industry (DTI) will impose a safeguard duty of ₱14 per 40-kilogram bag of imported cement over the next three years, following the recommendation of the Tariff Commission. DTI Secretary Cristina Roque said the measure covers Ordinary Portland Cement Type 1 and Blended Cement and is meant to “level the playing field between domestic manufacturers and …

Toyota Motor Philippines Corporation (TMP) credited fiscal incentives and supportive government policies for helping local manufacturers stay competitive and sustain growth in the automotive industry. In a statement sent to the media, TMP said it measures government initiatives by their impact on strengthening local manufacturing and the parts supply chain.  “Fiscal incentives on investments in local capabilities, as well as …

Finance Secretary Ralph Recto has ordered the creation of a multi-sectoral working group that will develop digital solutions to address tax and non-tax concerns and help strengthen the country’s investment climate. The Department of Finance (DOF) said the group, which will include private sector partners, aims to boost investor confidence and generate more jobs for Filipinos. The directive was issued …

Eton Properties marked another milestone as it officially broke ground on the University of the East’s (UE) first campus in the South, located within the 600-hectare Eton City in Sta. Rosa, Laguna. From its inception, Eton City was envisioned as more than just a place to live. It was designed as a complete and connected community where families can grow, …