Business

The Philippine Economic Zone Authority (PEZA) is experiencing a significant resurgence under the Marcos administration, with total approved investments reaching P530.59 billion from 2022 to April 2025. Official data show a consistent upward trend: P140.7 billion in 2022, P175.71 billion in 2023, P214.18 billion in 2024, and P63.5 billion during the first four months of 2025. At this pace, PEZA …

The Philippines’ trade deficit significantly narrowed in April 2025 as stronger export performance and reduced imports improved the country’s trade balance, data from the Philippine Statistics Authority (PSA) revealed on Friday. The trade gap shrank by 26.1 percent, dropping to USD3.49 billion from USD4.72 billion in April last year. This development was driven by a 7 percent increase in exports, …

Philippine Amusement and Gaming Corporation (PAGCOR) Chairperson and CEO Alejandro Tengco confirmed on Thursday that he and the entire PAGCOR Board of Directors have tendered their courtesy resignations. Tengco said the move, made during the previous week, was in deference to President Ferdinand R. Marcos Jr.’s authority to reorganize the bureaucracy as he sees fit. “We serve at the pleasure …

The euro has the potential to challenge the US dollar’s dominance as the world’s primary reserve currency, but experts say internal fragmentation within the eurozone and the unmatched scale of US capital markets remain formidable roadblocks. European Central Bank (ECB) President Christine Lagarde recently argued that the euro could assume a larger global role, particularly in a world increasingly shaped …

The Securities and Exchange Commission (SEC) is calling on real estate companies—both large and small—to consider tapping the capital markets to fund their expansion and operations, highlighting new streamlined guidelines that make this process more accessible. At the heart of this push is the SEC’s newly launched program Securing & Expanding Capital in Real Estate Investment Transactions (SEC RENT), which …

Driven by its robust financial performance in 2024 and sustained momentum into 2025, the Land Bank of the Philippines (LANDBANK) has declared P33.53 billion in cash dividends to the National Government — the highest in the Bank’s history. This record-setting cash dividend is expected to fund priority infrastructure and socio-economic programs, reaffirming LANDBANK’s critical role in advancing national development. “LANDBANK’s …

The Government Service Insurance System (GSIS) has set aside more than P22 million in emergency loan for its members and old-age and disability pensioners in the municipality of La Paz, Agusan del Sur who have been affected by floods and prolonged rains. The application deadline for the loan is on June 15. Active members working or residing in the area …

Billease, one of the Philippines’ leading financial technology companies, has mandated Security Bank Capital Investment Corporation to arrange an up to P5 billion maiden corporate notes facility. Security Bank Corporation, the parent company of Security Bank Capital, is leading the financing with a PHP 1.5 billion participation. This milestone will help fuel Billease’s expansion strategy and accelerate its mission of …

In celebration of the 123rd Labor Day, the Overseas Filipino Bank (OFBank) participated in the Mega Jobs Fair for Overseas Employment hosted by the Department of Migrant Workers (DMW) at Robinsons Galleria, which attracted thousands of job seekers aspiring to secure employment opportunities abroad. The event served as a key platform for OFBank to connect with aspiring Overseas Filipino Workers …

TECPLATA, International Container Terminal Services, Inc.’s (ICTSI) Buenos Aires terminal, recently welcomed the inaugural call of the SX2 River Plate Express service of Ocean Network Express (ONE). The service presents a valuable addition to Argentina’s national logistics ecosystem, strengthening maritime connectivity between Argentina and Asia. It officially launched in TecPlata in May with the arrival of the vessel Spirit of …