Business

Money from Filipino workers (OFWs) are likely to remain flat until yearend as overseas deployment slows and renewed hostilities in West Asia create more volatility and disturbances in the labor sector. The Union Bank of the Philippines (UnionBank) expects full-year remittance growth to ease to 2% as it sees weak OFW deployment and global geopolitical woes dampening inflows. “UnionBank maintains …

Last Thursday, local  equities also posted gains, as the Philippine Stock Exchange index (PSEi) grew by 41.70 points or 0.70% to 5,958.64 while the broader All Shares index climbed 17.85 points or 0.54% to 3,318.11. A local economist said the index  closed higher as bargain hunting prevailed following the steep sell-down in the previous session. Investors took advantage of lower …

2GO, the Philippines’ largest integrated transportation and logistics provider, has partnered with SMX Convention Center, Central Business Park (CBP), and SM Estates to establish 2GO-SMX Events Logistics. Formalized through a Memorandum of Understanding (MOU), this centralized system is designed to streamline event operations, simplify permit processing, and ensure the seamless movement of cargo within the Mall of Asia Complex. Under …

The Philippine Amusement and Gaming Corporation (PAGCOR) has emphasized the urgent need for the gaming industry’s regulatory framework to evolve alongside rapid technological advancements, specifically artificial intelligence (AI). Speaking at the CiG iDEA Summit at Newport World Resorts, PAGCOR Assistant Vice President Atty. Jessa Mariz Fernandez noted that while AI offers powerful tools to detect fraud, improve compliance, and streamline …

LANDBANK has extended ₱12.6 million in financial assistance and relief support to local government units (LGUs) in Central Luzon affected by Typhoon Neneng and the enhanced southwest monsoon (habagat). The assistance, partly funded by voluntary cash donations from LANDBANK employees nationwide, supports immediate relief operations and community recovery efforts. Of the total amount, ₱11.6 million was provided as cash assistance …

Manila Water has expanded its sewer network to 500.08 kilometers as of July 2026, marking a significant milestone in its continuing efforts to improve sewer services and protect public health and the environment across its service area. The milestone reflects Manila Water’s long-term commitment to expanding access to sewer services and supporting cleaner waterways through sustained investments in sanitation infrastructure. …

Total assets of the Philippine banking system rose by more than 10 percent year-on-year in July, reaching ₱30.71 trillion, according to the Bangko Sentral ng Pilipinas (BSP). BSP data showed that the July figure was up from ₱27.74 trillion recorded in the same month last year. On a month-on-month basis, however, total bank assets declined from ₱31.12 trillion in June. …

State-owned Land Bank of the Philippines has received an international award for its financing support for renewable energy and power infrastructure projects that contribute to the country’s energy security and clean energy transition. LandBank said last week that it received the Karlsruhe Sustainable Finance Award for Outstanding Sustainable Project Financing for its sustainable power and energy infrastructure financing portfolio. Senior …

EastWest is expanding digital banking access through EasyWay, its mobile banking app that now allows customers to open savings accounts and apply for credit cards directly from their smartphones. The bank said 47 percent of new accounts opened since the launch of its digital account-opening service were processed through EasyWay, reflecting growing customer preference for digital onboarding. The shift comes …

The Bank of the Philippine Islands (BPI) has become the first universal bank in the Philippines to secure both international certifications for information security and privacy management. BPI said it obtained ISO/IEC 27001:2022 certification for its Information Security Management System and ISO/IEC 27701:2019 certification for its Privacy Information Management System. The certifications were awarded by The British Standards Institution (BSI) …