Business

The average rate of the five-year Treasury bond (T-bond) fell to 5.772 percent during Tuesday’s auction, down from 5.896 percent in the July 1 issuance, the Bureau of the Treasury (BTr) reported. Despite the lower rate, the BTr’s auction committee made a full award of P30 billion as bids reached P79.67 billion—more than twice the offer. Rizal Commercial Banking Corporation …

The Land Bank of the Philippines (LANDBANK) is extending the bulk of a P100-billion Syndicated Term Loan Facility to the Power Sector Assets and Liabilities Management Corporation (PSALM) to boost fiscal sustainability and energy sector reforms. LANDBANK committed P60 billion, or 60% of the facility, which will be used to augment PSALM’s working capital, refinance existing liabilities, and settle domestic …

Motorists should brace for another round of pump price hikes this week, with increases projected at ₱1 to ₱1.50 per liter due to global supply concerns. Jetti Petroleum president Leo Bellas said diesel is expected to go up by ₱1.30 to ₱1.50 per liter, while gasoline may climb between ₱1 and ₱1.20, based on the Mean of Platts Singapore (MOPS) …

Trade and Industry Secretary Cristina Roque on Thursday highlighted the growing role of the creative sector in fueling the country’s economic expansion, saying it is fast becoming one of the Philippines’ strongest competitive edges. Speaking at the opening of the Malikhaing Pinoy Expo at SMX Convention Center Aura in Taguig City, Roque said creativity should be seen not only as …

Philippine exports continued their upward momentum in July 2025, surging 17.3 percent year-on-year to USD7.34 billion, driven largely by strong demand for electronics, data from the Philippine Statistics Authority (PSA) showed. The Department of Trade and Industry (DTI) said Thursday that exports have now grown for seven straight months, with total shipments from January to July reaching USD48.62 billion—up 13.9 …

The Philippine Amusement and Gaming Corporation (PAGCOR) recently turned over seven Patient Transport Vehicles (PTVs) to local government units (LGUs) across the country to help improve healthcare access in remote and vulnerable areas. Beneficiaries include Las Piñas City, Tacloban City (Leyte), and the municipalities of Busuanga (Palawan), San Manuel (Tarlac), Mexico (Pampanga), Kibawe (Bukidnon), and Indang (Cavite). During the ceremonial …

The Philippines’ location, competitive incentives, and skilled workforce make it an ideal site for digital infrastructure, Board of Investments (BOI) Executive Director Bobby Fondevilla said last week. Speaking at the Siemens Tech Forum in Mandaluyong City, Fondevilla highlighted the growing role of the data center industry as one of the cornerstones of the country’s digital economy.  He said the government …

The Economy and Development (ED) Council Investment Coordination Committee – Cabinet Committee (ICC-CC), chaired by Finance Secretary Ralph Recto, has approved a resolution to aggregate flood control and management projects within a single river basin. The Department of Finance (DOF) said Wednesday that the resolution, adopted on Aug. 12 upon the recommendation of the Infrastructure Development Committee Sub-Committee on Water …

Potato Corner (PC), the Philippines’ homegrown global leader in flavored fries, has opened its first store in Taiwan. In a recent statement, PC, which is part of Shakey’s Pizza Asia Ventures, Inc. (SPAVI), said the branch located at Xinyi District’s Uni-President Department Store in Taipei opened on Aug. 4. Taiwan is the brand’s 16th overseas market, bringing its global store …

HOUSE OF FINACIALFREEDOMBy Chinkee Tan RA 12214, also known as the Capital Markets Efficiency Promotion Act, is a new law aimed at making investing in the Philippines more attractive. It streamlines rules, reduces certain taxes, and opens the door for more products in the capital market. In short, it’s designed to get more Filipinos to invest instead of keeping money …