Business

The Government Service Insurance System (GSIS) will adopt a four-day on-site workweek starting March 9, 2026 as part of the national government’s energy conservation efforts. Under the temporary special work arrangement, GSIS employees will report on-site from Monday to Thursday, while Fridays will be observed as a mandatory work-from-home (WFH) day for personnel. Frontline personnel, however, will follow work shifts …

LANDBANK closed 2025 with its strongest financial performance to date, translating record earnings into expanded financing support for agriculture, fisheries and rural development (AFRD), micro, small and medium enterprises (MSMEs), local communities, and other priority sectors. The state-run Bank posted a 24% year-on-year increase in net income to ₱43.98 billion, driven by broad-based portfolio growth, sustained operational discipline, and proactive …

Officials from the Bureau of the Treasury (BTr) and the International Monetary Fund (IMF) met Wednesday to reaffirm their partnership and boost coordination on key reform priorities, the BTr said Thursday. “Discussions centered on public financial management reforms and opportunities to deepen technical cooperation in areas such as treasury management,” the agency said. National Treasurer Sharon Almanza and Deputy Treasurer …

The Department of Finance (DOF) has secured funding for the rehabilitation of the Metro Rail Transit Line 3 (MRT-3) through a ₱8.2 billion loan from the Japan International Cooperation Agency (JICA), the agency said. The third tranche of the financing agreement will be used to restore the train system to its original condition, improve performance, and prepare for future expansion …

The Bangko Sentral ng Pilipinas (BSP) has raised the cash withdrawal threshold triggering enhanced due diligence (EDD) to ₱1 million from ₱500,000. Under Circular 1230, issued February 27, depositors may withdraw up to ₱1 million without EDD. Transactions exceeding that amount require proof of legitimacy, the central bank said in a statement last week. “The increase follows consultations with banks …

The World Bank has approved three new grants totaling USD4.13 million this year to support job creation and poverty reduction in the Philippines, the Department of Finance (DOF) said recently. Grants, provided at no cost to the government, fully fund critical preparatory work while preserving fiscal space for priority projects. Finance Secretary Frederick Go facilitated swift government clearances for the …

InfiniVAN Inc., a Japanese-affiliated telecommunications company, and Royal Cable Vision Corporation, a fiber home internet provider, entered into a strategic partnership that establishes a new benchmark in digital infrastructure. Under the Indefeasible Right of Use Agreement, Royal Cable Vision Corporation will tap InfiniVAN’s Microduct Tube within the facility, a configuration that creates a “triple threat” to the country’s long-standing internet issues, minimizing disruptions to infrastructure and provide on-the-go, continuous internet security. The agreement makes a trailblazing …

IN a historic first for the Armed Forces of the Philippines (AFP), the Philippine Charity Sweepstakes Office (PCSO) has officially turned over five cutting-edge, battery-operated, ultra-portable AI X-ray units to the Philippine Navy (PN). The ceremonial handover, led by PCSO General Manager Melquiades Robles and received by Vice Admiral Jose Ma. Ambrosio Ezpeleta, marks a massive leap in Navy’s maritime …

DR. Gay Jane P. Perez took her oath of office as Ad Interim Director General of the Philippine Space Agency (PhilSA), administered by Executive Secretary Ralph G. Recto at Malacañang Palace.  The Director General of PhilSA holds the rank of a Cabinet Secretary and serves as the Presidential Adviser on Space Matters. Dr. Perez will further advance the Philippines’ Yamang …

THE  Bangko Sentral ng Pilipinas (BSP) released the results of the inaugural monthly Business Expectations Survey (BES), marking the start of a more frequent assessment of business sentiment in the Philippines. The shift from a quarterly to a monthly survey will allow the BSP to monitor business confidence more closely and respond more effectively to rapidly changing domestic and external …