Business

With sleek, ultra-flat, iconic stylish giant screen Innovative technology brand TECNO today unveiled its new AI-enhanced, second-generation flip smartphone, PHANTOM V Flip2 5G in the Philippines with Pia Wurtzbach as brand ambassador A remarkable fusion of on-trend aesthetic design and powerful technologies, the iconic phone will bring   a fun, fashionable and functional flip phone experience to stylish individuals. Bringing …

The national government posted a P6.3-billion budget surplus in October, as revenue collections exceeded the growth in expenditures. According to the Bureau of the Treasury (BTr), this fiscal surplus marks a significant turnaround from the P34.4-billion deficit recorded in the same month last year. From January to October, the fiscal deficit reduced to P963.9 billion, which is 64.94 percent of …

The Philippine economy is projected to grow between 6 and 6.25 percent in 2025, driven by improved interest rates, increased consumer spending, and stronger government expenditure, according to Michael Gerard Enriquez, president of Sun Life Investment Management and Trust Corporation (SLIMTC). Enriquez shared his outlook in an interview with the Philippine News Agency, noting that better economic conditions and reduced …

Philippine magnate Jaime Augusto Zobel de Ayala, also known as JAZA, was named as one of the world’s exceptional leaders in the inaugural Leaders50 list by Thinkers50, a global ranking body for management thinkers. The Thinkers50 has recognized the Ayala Corp.’s chairman and chief executive officer’s leadership style —decentralization and empowerment— that foster a culture of collaboration and responsibility within …

The Philippine government is committed to integrating competition policy into its broader development framework, according to National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan. During a webinar hosted by the Asian Development Bank (ADB), Balisacan emphasized that ensuring competition policy becomes an integral part of the country’s development strategy would prevent it from operating in isolation. The Philippine Competition …

For two consecutive years, the Governance Commission for Government-Owned and Controlled Corporations (GCG) has recognized the Philippine Charity Sweepstakes Office (PCSO) for its significant achievements and outstanding performance. This year, GCG has even cited the PCSO for two distinct recognitions. First, PCSO was acknowledged by GCG as one of the top-ranking GOCCs in the 2023 Performance Scorecard, and second, for …

The Philippine local currency bond market saw significant growth in the third quarter of 2024, driven by strong performance across all bond segments, according to the latest report from the Asian Development Bank (ADB). In its Asia Bond Monitor report released Wednesday, the ADB noted that total bonds outstanding rose to P13 trillion, reflecting a 3.8 percent quarter-on-quarter increase. This …

The Asian Development Bank (ADB) has approved a USD500-million policy-based loan to enhance the Philippines’ efforts in addressing climate change. In a statement released recently, the ADB announced that the Climate Change Action Program (CCAP) Subprogram 2 will support the country in meeting its Nationally Determined Contribution (NDC) goals. The NDC includes the Philippines’ commitment to reducing greenhouse gas emissions …

Finance Secretary Ralph Recto has officially entered into a USD500-million financing agreement with the World Bank-International Bank for Reconstruction and Development (WB-IBRD) to support the reconstruction of over 3,000 schools across the Philippines that were impacted by typhoons. In an announcement made Wednesday last week, the Department of Finance (DOF) confirmed that the deal was signed by Recto and Zafer …

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (right) leads the ceremonial switch-on of BSP Christmas lights at its head office in Manila on 28 November 2024. Festive lights also adorn Christmas trees and buildings at the BSP Security Plant Complex in Quezon City and various Regional Offices and Branches, while BSP’s EDPC Building façade along Roxas Boulevard …