June, 2025

• 16 June

  Suzuki Matsuri 2025

  

  Suzuki Philippines punctuated its 50th year celebration in the country with a big bang with the holding of the 2-day Suzuki Matsuri 2025 last weekend at the SM Mall of Asia. Earlier, top officials of the Suzuki head office in Japan joined the One Suzuki Dealer Convention last Friday for the local Suzuki dealers now at 70 at the nearby …

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• 16 June

  Resolved cases of online transaction complaints increase

  

  The Bangko Sentral ng Pilipinas (BSP) reported a growing number of resolved complaints involving online financial transactions, with a steadily improving success rate in mediation. During a briefing held at the BSP office, Charina de Vera-Yap, Managing Director of the Financial Inclusion and Consumer Empowerment Sub-Sector, shared that 322 mediation cases were handled in 2023, with a 69% success rate …

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• 16 June

  PAGCOR donates patient transport vehicles to LGUs in remote Luzon areas

  

  To bolster healthcare access in far-flung and underserved communities, the Philippine Amusement and Gaming Corporation (PAGCOR) on June 10 turned over Patient Transport Vehicles (PTVs) worth P16.20 million to eight local government units (LGUs) in Luzon. The recipient municipalities include Rosario and Cuenca in Batangas; San Mateo in Isabela; Pola in Oriental Mindoro; and Dumaran, Brooke’s Point, Magsaysay, and Coron …

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• 16 June

  BIR sets estate tax amnesty deadline today, June 16

  

  The Bureau of Internal Revenue (BIR) has issued a final reminder that today, June 16, 2025, is the last day for taxpayers to avail of the estate tax amnesty. In a tax advisory released last week, the BIR reiterated that all estate tax amnesty applications must be filed, approved, and paid by the end of the day. “This is to …

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• 16 June

  DOE, JICA launch hydropower mapping project to boost clean energy

  

  The Department of Energy (DOE) and the Japan International Cooperation Agency (JICA) have joined forces to help accelerate the Philippines’ clean energy transition through a three-year technical cooperation project focused on hydropower development. In a statement released last week, the DOE announced that outgoing Secretary Raphael Lotilla and JICA Chief Representative Baba Takashi formalized the partnership by signing the Records …

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• 16 June

  PEZA forges accord with LIMA Infrastructure for better investor services

  

  The Philippine Economic Zone Authority (PEZA) has partnered with LIMA Infrastructure Inc. to enhance investor services and fast-track ecozone development, formalizing the collaboration through a memorandum of understanding (MOU) signed recently. PEZA Director General Tereso Panga and Aboitiz InfraCapital Economic Estates President Rafael Fernandez de Mesa led the signing, marking LIMA’s designation as the latest Investment Promotion Partner (IPP). LIMA …

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• 16 June

  BSP welcomes EC move to delist Phl from financial crime watchlist

  

  Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. welcomed the European Commission’s (EC) recent decision to delist the Philippines from its high-risk countries list for financial crime. “That’s certainly good news. But the EU (European Union) Parliament will still need to confirm the EC decision,” Remolona said last week. The EC announced on June 10 that it had removed …

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• 16 June

  Recto: PEFA report a guide to responsible, impactful public spending

  

  Finance Secretary Ralph Recto last week emphasized the importance of the 2024 Philippine Public Expenditure and Financial Accountability (PEFA) Assessment Report in shaping responsible and effective government spending. Speaking during the report’s release, Recto said its findings offer a valuable roadmap for policymakers to ensure the prudent allocation and utilization of public funds, ultimately sustaining the delivery of quality services …

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• 16 June

  DBP Q1 net income soars 82% to P1.61-B

  

  The Development Bank of the Philippines (DBP) posted a net income of P1.61 billion in the first quarter of 2025, marking an impressive 82% jump from the P571 million it recorded during the same period last year. The surge came as the state-owned bank ramped up its lending efforts to key sectors and industries, according to a top executive. DBP …

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• 16 June

  LANDBANK lauded for declaring single highest dividends in history

  

  Finance Secretary and Land Bank of the Philippines (LANDBANK) Chair Ralph G. Recto has praised the state bank for declaring P33.5 billion in dividends–its single highest dividend yield in its history, with millions of Filipinos expected to benefit. The dividend remittance is in line with President Ferdinand R. Marcos, Jr.’s directive to uphold fiscal discipline, ensuring that the government maximizes …

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