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10 February

Gov’t seizes P41-B worth of counterfeit products in 2024

The National Committee on Intellectual Property Rights (NCIPR) has significantly stepped up its efforts to combat counterfeit goods in the Philippine market, with seizures reaching a record P40.99 billion in 2024. The Intellectual Property Office of the Philippines (IPOPHL) reported Thursday that the total value of confiscated fake products last year surpassed the previous record of P26.99 billion in 2023, …

10 February

Century Properties launches Mykonos Tower in Azure North

Century Properties Group is expanding Azure North in San Fernando, Pampanga with the launch of Mykonos Tower, a 12-story mid-rise residential building offering 374 units. Buyers can choose from studio (26-28 sqm) and one-bedroom (44 sqm) units, all delivered bare for customization. The building features 24/7 security, concierge services, and a fire safety system. This phase also introduces the Azure …

10 February

BPI launches financial literacy program

The Bank of the Philippine Islands (BPI), through its social development arm, the BPI Foundation (BPIF), has teamed up with Mapúa Malayan Colleges Mindanao (MMCM) to launch a financial literacy initiative aimed at equipping students and local communities with essential financial skills. The project is part of BPIF’s flagship financial education program, “FinEd Unboxed,” and includes a financial management application …

10 February

Inflation steady at 2.9% in Jan.

Headline inflation in January 2025 remained unchanged at 2.9 percent year-on-year, matching the rate recorded in the previous month. This figure aligns with the Bangko Sentral ng Pilipinas’ (BSP) forecast and stays within the government’s target range of 2-4 percent for the year. On a month-on-month seasonally adjusted basis, inflation showed a slight decline of 0.1 percent in January, compared …

10 February

Low inflation allows BSP to trim interest rates further

The steady inflation rate will allow the Bangko Sentral ng Pilipinas (BSP) to further reduce interest rates to boost consumer spending and economic growth, Finance Secretary Ralph Recto said. The Philippine Statistics Authority reported last week that the country’s headline inflation remained at 2.9 percent. Core inflation, which excludes selected volatile food and energy items, also eased to 2.6 percent …

9 February

LG Triumphs at 60th Anvil Awards for Bridging Art and Technology with OLED TVs at the National Museum of the Philippines

LG Electronics Philippines received a prestigious recognition at the 60th Anvil Awards for its campaign, “LG OLED TV Illuminates Artistic Legacy at the National Museum of Fine Arts.” The campaign won a Silver Anvil in the Public Relations Tools (Special Events) category, celebrating its innovative approach to blending technology and culture. In May 2024, LG collaborated with the National Museum …

9 February

SM Foundation opens 2025 College Scholarship Application

SM Foundation, the social good arm of the SM Group, has opened its college scholarship program, with applications running from February 1 to March 31, 2025. The initiative aims to provide comprehensive educational support to qualified senior high school graduates nationwide. The scholarship package includes full tuition coverage, monthly stipends, and paid internship opportunities within the SM Group during semester …

9 February

Central Bank announces discount on interest rates

The Bangko Sentral ng Pilipinas (BSP) announces the Discount Window Facility (DWF) applicable interest rates effective Feb. 10. The new rates are as follows: A. Peso Loan Maturity/ Rate (%)1 – 90 days — 6.922591 – 180 days — 7.0950 B. United States (US) dollar Loan Maturity/ Rate (%)1 – 90 days — 6.8028091 – 180 days — 6.80280181 – …

9 February

Retired Justice Cruz re-elected as PHLPost chairman

Retired Justice Stephen Caperiña Cruz was re-elected as Chairman of the Board of Directors of the Philippine Postal Corporation (PHLPost). Justice Cruz officially took his oath beforePostmaster General and CEO Luis D. Carlos and the Board of Directors last Feb. 4. The oath-taking ceremony was also attended by the Board of Directors, including Ricardo R. Blancaflor, Noel V. Dacasin,and Ernesto …

9 February

Estate Water celebrates ninth year with record milestones for 2024

Estate Water, an operating unit of Manila Water Non-East Zone subsidiary Manila Water Philippine Ventures (MWPV), recently celebrated its ninth anniversary in the water service industry by commemorating their major feats in the past year. Established in 2016, Estate Water is a recognized water and wastewater service provider with expertise on sustainable construction, development, improvement, management and operation of water …

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February, 2025