February, 2025

• 17 February

  Move It donates helmets to MMDA

  

  Move It donated brand-new helmets to the Metropolitan Manila Development Authority (MMDA) Motorcycle Riding Academy to make two-wheel training courses more accessible to current and aspiring motorcycle riders.  The academy offers free riding training sessions conducted by expert instructors, with a curriculum designed for both beginners and experienced riders who are required to bring their personal gear.  This is the …

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• 17 February

  UAAGI ‘On The Move at Megamall Feb. 20-23

  

  The UAAGI On The Move Roadshow Tour, the first leg of a four-part series bringing UAAGI’s top-notch automotive brands directly to Filipino consumers in popular destinations nationwide, is set to take place from Feb. 20-23 at the Fashion Hall of SM Megamall in Mandaluyong City. This signifies UAAGI’s commitment to reaching a wider audience and providing Filipinos with the perfect …

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• 17 February

  Chevrolet Captiva’s ‘Heart Racing Deals’

  

  Chevrolet Philippines’ “Heart Racing Deals” is celebrating the month of love with exceptional discounts of up to P110,000 on the family-favorite Chevrolet Captiva — with both the Captiva 1.5T CVT LTZ and the 1.5T CVT Premier models originally priced at P1,258,000 and P1,408,000, respectively. The Captiva provides the perfect mix of practical power, big interior, reliability, and affordability and with …

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• 17 February

  Cebu Pacific flies over 2M passengers in January

  

  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 …

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• 17 February

  Strong investor interest pushes GEA-3 bids past installation goal

  

  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 …

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• 17 February

  ‘Hot cars’ found in Pasay, Paranaque warehouses

  

  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 …

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• 17 February

  Phl-Cambodia double taxation deal to boost investment

  

  Finance Secretary Ralph Recto on Thursday emphasized that the newly signed double taxation agreement (DTA) between the Philippines and Cambodia will enhance the country’s tax system while attracting foreign investments. “By eliminating tax barriers and ensuring a fair and transparent framework, we are not only attracting greater foreign investments into the Philippines but also reinforcing our trade ties within the …

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• 17 February

  DOF backs DBP charter reforms

  

  The Department of Finance (DOF) is pushing for amendments to the Development Bank of the Philippines (DBP) charter to enhance its financial stability and reinforce its developmental mandate, Finance Secretary Ralph Recto said. “The DBP has a very clear mandate: to drive economic growth by supporting the medium and long-term needs of agricultural and industrial enterprises. Hence, the reforms in …

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• 17 February

  BSP retains policy rates amid global uncertainty

  

  The Bangko Sentral ng Pilipinas (BSP) decided to keep policy rates unchanged on Thursday, maintaining its cautious stance amid global economic uncertainties. This follows three consecutive rate cuts last year. Speaking at a briefing in Manila, BSP Governor Eli Remolona Jr. announced that the Monetary Board opted to retain the central bank’s target reverse repurchase rate at 5.75 percent. The …

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• 17 February

  Banks record lowest NPL ratio in Dec. 2024

  

  The share of non-performing loans (NPLs) in Philippine banks’ total loan portfolio fell to 3.27 percent in December 2024, marking its lowest level in a year, according to the latest data from the Bangko Sentral ng Pilipinas (BSP). This was the lowest NPL ratio recorded since December 2023, when it stood at 3.24 percent. It also reflected an improvement from …

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