Business

A top official of the Philippine Chamber of Commerce and Industry (PCCI) said recently that the country’s young and dynamic workforce could help cushion the impact of the 19-percent tariff currently imposed by the United States on Philippine exports. PCCI Innovation Committee Chair and EMS Group of Companies CEO Perry Ferrer said the Philippines’ demographic advantage remains a strong asset …

The Bangko Sentral ng Pilipinas (BSP) has amended the rules governing Islamic Banking Units (IBUs) to attract more players and strengthen the country’s Islamic finance industry. In a statement last week, the BSP clarified that IBUs will no longer be required to maintain separate capital since they operate as divisions or departments within conventional banks, even while observing Shari’ah principles …

The Bureau of the Treasury (BTr) successfully raised ₱35 billion from its dual-tranche Treasury bond (T-bond) offering on Tuesday, reflecting strong investor demand for government securities. The Auction Committee made a full award of the reissued seven-year and 25-year T-bonds. The reissued seven-year T-bond, which has a remaining term of six years and 10 months, fetched an average rate of …

LANDBANK reaffirmed its commitment to disaster response by providing ₱3.2 million in financial aid and ₱3.1 million worth of relief packs to earthquake-hit communities in Davao Oriental and Cebu on October 23, 2025. Finance Secretary and LANDBANK Chairman Ralph G. Recto and President and CEO Lynette V. Ortiz led the simultaneous relief operations. Ortiz said the Bank remains “steadfast in …

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 …