Business

The Philippine Economic Zone Authority (PEZA) has partnered with LIMA Infrastructure Inc. to enhance investor services and fast-track ecozone development, formalizing the collaboration through a memorandum of understanding (MOU) signed recently. PEZA Director General Tereso Panga and Aboitiz InfraCapital Economic Estates President Rafael Fernandez de Mesa led the signing, marking LIMA’s designation as the latest Investment Promotion Partner (IPP). LIMA …

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. welcomed the European Commission’s (EC) recent decision to delist the Philippines from its high-risk countries list for financial crime. “That’s certainly good news. But the EU (European Union) Parliament will still need to confirm the EC decision,” Remolona said last week. The EC announced on June 10 that it had removed …

Finance Secretary Ralph Recto last week emphasized the importance of the 2024 Philippine Public Expenditure and Financial Accountability (PEFA) Assessment Report in shaping responsible and effective government spending. Speaking during the report’s release, Recto said its findings offer a valuable roadmap for policymakers to ensure the prudent allocation and utilization of public funds, ultimately sustaining the delivery of quality services …

The Development Bank of the Philippines (DBP) posted a net income of P1.61 billion in the first quarter of 2025, marking an impressive 82% jump from the P571 million it recorded during the same period last year. The surge came as the state-owned bank ramped up its lending efforts to key sectors and industries, according to a top executive. DBP …

Finance Secretary and Land Bank of the Philippines (LANDBANK) Chair Ralph G. Recto has praised the state bank for declaring P33.5 billion in dividends–its single highest dividend yield in its history, with millions of Filipinos expected to benefit. The dividend remittance is in line with President Ferdinand R. Marcos, Jr.’s directive to uphold fiscal discipline, ensuring that the government maximizes …

DZMM Radyo Patrol 630 returns on AM radio with a new round-the-clock programming lineup, simulcast on DZMM Teleradyo on pay TV and online starting June 2. While celebrating its rebirth, DZMM also celebrates the return of two of the most iconic voices on Philippine radio, Noli de Castro and Charo Santos. DZMM’s “Kabayan,” the flagship public affairs program of veteran …

The Government Service Insurance System (GSIS) has achieved a major milestone in its digital transformation, announcing that over 99% of its transactions—including those under the Digital GINHAWA program—were processed online during the first half of 2025. GSIS President and General Manager Jose Arnulfo “Wick” Veloso proudly reported that from January to June, nearly all services—such as loan applications, member information …

The Philippine manufacturing sector experienced a significant slowdown in May 2025 as output declined and new orders weakened, according to the latest data from S&P Global Philippines. This came despite inflation remaining relatively stable. The sector’s Purchasing Managers’ Index (PMI) dropped to 50.1 in May from 53.0 in April, barely hovering above the 50.0 mark that separates expansion from contraction. …

Headline inflation in the Philippines dropped to 1.3% in May 2025, down from 1.4% in April, marking the lowest level since November 2019, when it was at 1.2%, according to the Philippine Statistics Authority (PSA). In a briefing last week, National Statistician Dennis Mapa said the year-to-date average inflation now stands at 1.9%, at the lower end of the government’s …

The Philippine economy is expected to sustain stable growth over the next two years, mainly driven by robust consumer spending, according to the Organization for Economic Cooperation and Development (OECD). In a virtual briefing last week, Cyrille Schwellnus, head of the OECD’s Indonesia and Philippines desk, said the country’s gross domestic product (GDP) is projected to grow by 5.6% in …