Business

Travelers have been warned by the Civil Aeronautics Board (CAB( that they should expect an increase in airfares by next month. The board is increasing the fuel surcharge by a notch, resulting in slightly higher airfares. In an advisory, the CAB said it is increasing the applicable surcharge rate to Level 13 for the period of Sept. 1 to 15 …

Manulife’s President and Chief Executive Officer, Phil Witherington, recently visited Manila to meet with Chinabank’s executive leadership team, celebrating the enduring bancassurance partnership between Manulife Philippines and Chinabank via Manulife China Bank Life Assurance Corporation (MCBL). This high-level meeting builds directly upon the renewed 15-year agreement signed in 2025, which extends their successful alliance that originally began back in 2007. …

Bank deposits in the Philippines surged by nearly double digits, growing 9.8% year-on-year to reach P22.04 trillion by the end of March 2026. According to the Philippine Deposit Insurance Corporation (PDIC), this marked a notable acceleration from the 5.3% growth recorded the previous year, following the doubling of the maximum deposit insurance coverage (MDIC) to P1 million in March 2025. …

For the everyday drivers and riders navigating volatile fuel prices to move people and parcels, perseverance in the face of high costs is a quiet form of heroism. Recognizing this relentless dedication, Lalamove Philippines has launched the second installment of its “Heroes Behind the Wheel” campaign for National Heroes Day. This initiative honors the backbone of its delivery and ride-hailing …

Filipinos saving for retirement now have another option as time deposits have been added to the list of investment products eligible under the Personal Equity and Retirement Account (PERA), according to the Bangko Sentral ng Pilipinas (BSP). The BSP said the move expands the choices available to Filipinos who want to build retirement funds while taking advantage of government tax …

State-run Philippine Guarantee Corporation (PHILGUARANTEE) expanded its support for home financing in the first half of the year, with the value of housing loans it guaranteed reaching ₱313.77 billion, up 9.44 percent from the same period last year. The agency said last week that the increase reflected its broader efforts to make housing credit more accessible, including guaranteed socialized housing …

East West Banking Corporation (EastWest) is seeking to raise about ₱9 billion through a proposed stock rights offering, giving existing shareholders an opportunity to participate in the bank’s next phase of expansion while providing fresh capital for growth. The bank’s Board of Directors approved the proposed offering on Aug. 27, 2026, subject to the filing of required applications and regulatory …

More than 211,000 new accounts have been opened through LANDBANK and the Overseas Filipino Bank (OFBank) without customers presenting or uploading a physical government-issued ID, just a month after the launch of a National ID-enabled digital onboarding service. The milestone highlights the growing demand for faster and more accessible banking services, particularly as government agencies expand the use of digital …

Bank of the Philippine Islands (BPI) is giving its customers a faster way to pay with their smartphones as BPI Debit Mastercard holders can now link their cards to Google Wallet and use Google Pay for everyday purchases. Rolled out on April 15, the service allows Android users with NFC-enabled smartphones to make contactless payments without having to pull out …

At a crowded resort pool or along a busy beachfront, an emergency can unfold without a shout. A person experiencing drowning may be unable to call for help or wave their arms. By the time distress is noticed, the lifeguard, security officer, pool attendant, or guest service employee nearby may become the first person expected to act. Recognizing this vital …