March, 2025

• 17 March

  Successful 2nd JBL Cup

  

  Several motoring journalists joined other media personalities in the 2nd JBL Cup Golf Tournament held last Feb. 27 at the picture-perfect Tagaytay Midlands Golf Club. The successful tournament brought together golf enthusiasts from the media, distributors, and dealers for an unforgettable day of competition and camaraderie that also showcased JBL’s unwavering commitment to excellence, sound quality, and innovation. Harman Philippines …

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• 17 March

  Cleanfuel opens 2nd San Miguel station

  

  Very cheap but quality fuels were sold to the motorists all day long during the opening of the newest Cleanfuel station in barangay Sta. Rita, San Miguel, Bulacan. And Cleanfuel president Atty. Bong Suntay was so happy with the opening of its second gas station along the very busy Maharlika Road. “We are very grateful for the opportunity given to …

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• 17 March

  Phl imposes provisional tariffs on imported cement

  The imposition of provisional duties and tariffs on imported cement by the Philippines is expected to have a significant impact, according to the Viet Nam Trade Office. Vietnamese exporters are being advised to actively participate in the ongoing investigation to avoid unfavorable outcomes. The Philippine government has launched a preliminary safeguard measures investigation into cement imports from various countries, including …

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• 17 March

  Japanese firms eye Phl for expansion

  

  Two Japanese manufacturers are considering expanding their business operations in the Philippines, according to the Philippine Economic Zone Authority (PEZA). In a statement on Thursday, PEZA revealed that Kawamura Electric, Inc. and FRP Services & Company Japan expressed interest in exploring investments in ecozones during Director General Tereso Panga’s visit to Tokyo from March 3 to 6. Kawamura Electric is …

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• 17 March

  P4.6-T investments to boost local economy

  

  The Philippines has reached a significant economic milestone, with strategic investments in the country amounting to P4.6 trillion, President Ferdinand R. Marcos Jr. announced on Thursday. President Marcos attributed this achievement to the government’s efforts in streamlining investment processes and working closely with various agencies to attract investors.  He emphasized that the influx of investments is expected to create approximately …

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• 17 March

  Meralco hikes power rates this month

  

  Manila Electric Company (Meralco) customers will face higher electricity bills this March following an increase of P0.2639 per kilowatt-hour (kWh), the company announced last week. This adjustment raises the overall rate to P12.2901 per kWh from February’s P12.0262 per kWh. For households consuming 200 kWh, this translates to an additional P53 on their monthly bill. Meralco attributed the rate hike …

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• 17 March

  Government issues new guidelines on asset disposition

  

  The Department of Finance (DOF) has introduced updated guidelines for the disposal of government assets, aiming to maximize non-tax revenues and streamline privatization efforts. In a statement on Thursday, the DOF said the move aligns with Executive Order No. 323, which established the Inter-agency Privatization Council (PrC) and the Privatization and Management Office (PMO).  The PrC oversees national privatization efforts, …

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• 16 March

  Phl banking sector assets surge over 9%

  

  The Philippine banking sector saw significant growth in total assets, increasing by 9.3% year-on-year to P27.11 trillion as of January, according to data from the Bangko Sentral ng Pilipinas (BSP). This marks a notable rise from P24.81 trillion recorded in the same period last year. Industry experts attribute this growth to the strong profitability of Philippine banks, which have consistently …

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• 16 March

  Fitch upgrades LandBank’s viability rating

  

  Fitch Ratings has upgraded the viability rating (VR) of state-owned Land Bank of the Philippines (LandBank) from ‘bb’ to ‘bb+’, citing the bank’s strong financial standing and resilience. In its latest assessment, Fitch also reaffirmed LandBank’s long-term issuer default rating (IDR) at ‘BBB’/Stable and its Government Support Rating (GSR) at ‘bbb’.  The rating agency highlighted the bank’s systemic importance, full …

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• 16 March

  WB approves projects for Mindanao, low-capacity provinces

  

  The World Bank (WB) has approved two major projects aimed at enhancing transport connectivity and healthcare services in Mindanao and other low-capacity provinces across the Philippines, benefiting at least 19 million Filipinos.  WB Country Director for the Philippines, Malaysia, and Brunei Darussalam Zafer Mustafaoğlu emphasized the bank’s commitment to supporting the Philippines’ inclusive growth and its aspiration to become an …

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