Business

BDO Unibank, Inc. and VISA launched the BDO Visa Signature in the Philippines through an exclusive cocktail event held at Grand Hyatt Manila. Guests were delighted with the new Travel Rebate Credit Card that boasts of 3% travel rebate on overseas and airline spends, and 0.3% on everything else, up to P2,500 rebate per month. Exploring the world without worry …

The Bangko Sentral ng Pilipinas (BSP) reminds all banks to accept unfit or mutilated Philippine banknotes and coins from the public. Unfit currency should be exchanged—free of charge—for fit or clean banknotes and coins. Under BSP Circular No. 829, series of 2014, and the Manual of Regulations for Banks (MORB), banks are required to facilitate the processing and submission of …

Basra Gateway Container Terminal (BGT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Umm Qasr, Iraq, has commissioned a new Konecranes Gottwald ESP.8 mobile harbor crane. With a 125-ton lifting capacity and a 54-meter boom, the crane can serve vessels up to post-Panamax class, further strengthening BGT’s operational capability. This latest acquisition is part of BGT’s continuing …

At Booy South Elementary School (BSES) in Tagbilaran City, Bohol, the morning bell once signaled the start of classes in an unexpected setting—a covered court that doubled as a Grade 5 classroom. This makeshift setup, a mark to the school’s resilience, became necessary after a 2021 fire destroyed four classrooms and the principal’s office. “The aftermath of the fire was …

As part of its centennial celebration, Mapúa University successfully launched Prism of Learning, an exhibition showcasing the creative excellence of its students and alumni in arts and design. Opened on February 11 at the Yuchengco Museum, the exhibit highlighted Mapúa’s enduring legacy of building industries and producing influential artists since its founding in 1925. The exhibit underscores the university’s pivotal role …

Digido announces that it has signed a memorandum of agreement with PalawanPay, the digital wallet of Palawan Group of Companies. The partnership sees the integration of the digital lending platform’s services inside the PalawanPay application, enabling its customers to take a Digido loan. PalawanPay users can utilize their Digido loans for digital transactions and QR Ph-accepting merchants, as well as …

Figaro Coffee Group (FCG), a leading player in the Philippine food and beverage industry, reported strong financial performance for the fourth quarter of 2024, showcasing robust growth and a solid financial standing. The company achieved strong profitability, strengthened its operational capabilities,and expanded its market presence. For the period October 1 to December 31, 2024, FCG recorded a net income before …

Cebu Pacific (CEB) saw a significant surge in passenger volume last month, transporting 2.6 million travelers—an increase of 33.4% compared to January 2024. “January traffic saw strong passenger demand, fueled by holiday travel and the airline’s network and capacity expansion over the past year,” CEB president Alexander Lao said in a statement on Friday. The budget airline, owned by the …

Renewable energy (RE) developers demonstrated strong interest in the third round of the Green Energy Auction (GEA-3), with bids surpassing the Department of Energy’s (DOE) 4,650-megawatt (MW) installation capacity target. In a report released last week, the DOE announced that GEA-3 attracted 14 project bids, offering a total capacity of 7,530.89 MW for delivery between 2025 and 2035. “This marks …

The Bureau of Customs (BOC) has uncovered P1.4 billion worth of luxury vehicles, including Ferrari, Lamborghini, Maybach, and Maserati, in separate warehouses in Pasay and Parañaque cities. BOC Commissioner Bienvenido Rubio said the Customs Intelligence and Investigation Service (CIIS) conducted an operation last week following reports and online photos showing allegedly smuggled high-end vehicles being sold illegally. The operation was …