Business

Ayala Land Hospitality is teaming up with global hotel giant Hilton to open the Philippines’ first Canopy by Hilton in Makati City by 2026. Rising above the new One Ayala development, the 24-story hotel will offer 400 rooms and suites designed to blend sleek urban escapes with spacious accommodations. Ayala Land Hospitality president and CEO George Aquino said the collaboration …

The National Grid Corp. of the Philippines (NGCP) has raised its transmission rate for the July billing period following the Energy Regulatory Commission’s (ERC) approval of under-recoveries and its maximum allowable revenue (MAR). The transmission charge rose to P0.5923 per kilowatt hour (kWh) from P0.4611 in June. While ancillary services rates dipped to P0.5872/kWh from P0.6182, the overall average transmission …

Berong Nickel Corporation (BNC), a subsidiary of DMCI Mining, has signed a mineral production sharing agreement (MPSA) with the Mines and Geosciences Bureau (MGB) for its Long Point property in Aborlan, Palawan. The deal, inked on August 8, covers 2,177.34 hectares and grants BNC exclusive rights to explore, develop, and utilize mineral resources in the area for an initial 25-year …

HOUSE OF FINANCIALFREEDOMBy Chinkee Tan Hi, there! I’m Chinkee Tan. For over 15 years, I’ve been helping Filipinos get out of debt, manage money wisely, and build a better future. If you’re new here, welcome! This is our first issue, and we’re starting strong. Let’s talk about something real: Financial stress. You know that feeling? You lie awake at night. …

E-wallet giants GCash and Maya have vowed to comply with the Bangko Sentral ng Pilipinas’ (BSP) order to sever connections with online gambling platforms. In a statement Thursday, GCash said it will fully support the BSP’s directive by removing links and icons in its app that connect users to gambling sites. “We share the BSP’s commitment to ensuring that digital …

The Development Bank of the Philippines (DBP) is calling on Filipinos to take part in the Bureau of the Treasury’s (BTr) latest Retail Treasury Bonds (RTB-31), saying it’s a safe and rewarding way to grow savings while helping fund the country’s development projects. DBP President and CEO Michael de Jesus said the bonds offer steady returns and low risk, making …

The Asian Development Bank (ADB) has approved a USD400 million loan to help the Philippines tackle hunger, food insecurity, and poor nutrition through the government’s Walang Gutom (Zero Hunger) Food Stamp program. The funding will provide monthly electronic food vouchers to 750,000 food-insecure households nationwide, enabling them to buy healthy and nutritious food.  “With nearly half of Filipinos unable to …

Approved foreign investment pledges in the Philippines surged to ₱67.38 billion in the second quarter of 2025, the Philippine Statistics Authority (PSA) reported. The Authority of the Freeport Area of Bataan, Board of Investments, Bangsamoro Board of Investments, Clark Development Corporation, Clark International Airport Corporation, Philippine Economic Zone Authority, and Subic Bay Metropolitan Authority greenlit the projects. Singapore led all …

Securities and Exchange Commission (SEC) Chairperson Francis Lim on Friday urged finance executives of local firms to help strengthen the country’s market integrity by ensuring strict adherence to governance standards in all transactions. Speaking at the 8th general membership meeting of the Financial Executives Institute of the Philippines (FINEX) in Makati City, Lim said integrity remains “the invisible currency” of …

The Government Service Insurance System (GSIS) last week stood firm behind its ₱1-billion investment in DigiPlus Interactive Corp., insisting that the state pension fund remains “strong, secure, and actuarially sound” despite growing criticism and heightened congressional scrutiny. In a statement, GSIS welcomed the public interest in its investment decisions and expressed readiness to submit all pertinent documents to regulators. “We …