Business

Globe Telecom has secured a ₱5 billion long-term loan from the Bank of Commerce to partly finance its 2025 capital expenditures, the company disclosed Friday. The funds will also be used for debt refinancing and other general corporate requirements, Globe said in a filing with the Philippine Stock Exchange. For this year, Globe set its capital expenditure guidance below USD1 …

Financial services firm Home Credit expects its loan receivables to hit ₱100 billion this year, driven by growing partnerships and an expanding customer base. Home Credit’s receivables currently stand at about ₱85 billion, up from ₱74 billion at end-2024, said marketing and communications group head Sheila Paul in a Thursday briefing. “We’re hoping to hit the magic 100 within the …

The Department of Trade and Industry (DTI) has given online businesses until Sept. 30, 2025 to register for the E-Commerce Philippine Trustmark, a move aimed at boosting consumer confidence and addressing mounting complaints in the digital marketplace. The mandatory registration, outlined in a DTI Administrative Order, is in line with Republic Act 11967 or the Internet Transactions Act of 2023. …

The Securities and Exchange Commission (SEC) has expanded its One Day Submission and Electronic Registration of Companies (OneSEC) facility to cover foreign firms seeking to incorporate in the Philippines. SEC Chairperson Francis Lim said the move is part of efforts to improve ease of doing business and attract more international investments. “By expanding the coverage of OneSEC to foreign entities, …

The government vowed to step up efforts to strengthen climate resilience and workforce agility to shield the country’s labor market from future shocks, the Department of Economy, Planning, and Development (DEPDev) said Wednesday. The commitment came after July 2025 labor force data showed weaker conditions due to extreme weather events that disrupted economic activity across Luzon and other regions. The …

Bloomberry Cultural Foundation, Inc. (BCFI), the social development arm of Solaire Resort and Casino, celebrated a milestone in its Medical Scholarship Program, with 20 of its 313 college scholars earning B.S. Nursing degrees. Out of 20 Nursing graduates, 11 received Latin honors while eight received special awards in recognition of their academic and extracurricular excellence. Receiving Cum Laude honors are …

The Social Security System (SSS) has awarded BDO Unibank, Inc. (BDO) the mandate to serve as trustee for its Balanced Fund, marking another milestone in the partnership between the country’s largest pension fund and the biggest bank in the Philippines. At the ceremonial signing, SSS President and CEO Robert Joseph Montes de Claro expressed confidence in BDO’s stewardship. “It is …

The Philippine Deposit Insurance Corp. (PDIC) on Friday cautioned the public against fake official receipts (ORs) being used in transactions involving closed banks under liquidation. According to PDIC, the counterfeit ORs carry the old PDIC logo, contain misspellings, falsified signatures of personnel, and deviate from the standard format of genuine PDIC-issued receipts. The agency reminded clients to transact only with …

Foreign direct investments (FDIs) posted net inflows of USD376 million in June, down 17.8 percent from USD457 million in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported last week. The decline was mainly due to non-residents shifting their equity capital investments from USD85 million inflows in June 2024 to USD57 million outflows this year. This was …

The Department of Finance (DOF) recently denied reports that South Korea suspended a ₱28 billion official development assistance (ODA) loan to the Philippines due to corruption issues.a “As regards the supposed ₱28 billion ODA loan between South Korea and the Philippines, the Department of Finance categorically clarifies that no such loan exists,” the DOF said in a statement. The agency …