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2 February

New Clark City welcomes 2nd industrial park developer

The Bases Conversion and Development Authority (BCDA) has lured its second industrial park developer for New Clark City in Capas, Tarlac. In a statement released Thursday, BCDA announced that Science Park of the Philippines, Inc. (SPPI) has been awarded a 50-year lease contract to develop a 100-hectare industrial park within the New Clark City. The project, which is estimated to …

2 February

Phl economy posts 3rd highest growth in region in Q4 2024

The Philippine economy recorded a 5.2 percent growth in the fourth quarter of 2024, making it the third-fastest growing economy in the region despite facing challenges like geopolitical tensions and a series of typhoons. This growth brought the country’s overall economic expansion for the year to 5.6 percent. National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon acknowledged that the …

2 February

Tobacco income soars to $7.3-B last year

The Philippine tobacco industry likely generated USD7.3 billion in revenue in 2024, according to Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. He made this announcement during the second day of the International Tobacco Agricultural Summit at SEDA Vertis North in Quezon City. Lumagui noted that the local tobacco sector is expected to grow at an annual rate of …

2 February

MVP, Aboitiz, RSA seal LNG deal

A financial close has been reached for the joint acquisition deal involving the country’s largest power companies, owned by prominent tycoons Manuel V. Pangilinan, Sabin Aboitiz, and Ramon S. Ang, for a liquefied natural gas (LNG) terminal. In a statement last week, Manila Electric Company (Meralco) announced that its subsidiary Meralco PowerGen Corporation (MGEN), along with San Miguel Global Power …

2 February

LandBank unveils first ‘phygital’ branch in MM

Land Bank of the Philippines (LandBank) has launched its first “phygital” branch in Metro Manila, combining physical and digital banking services to enhance customer experience. In a statement on Friday, LandBank announced that the Makati Business Center – Ayala Avenue Phygital Branch opened on January 30 at Robinsons Summit Center in Makati City. This modernized branch integrates digital innovations with …

2 February

Banks keep credit standards steady in Q4 2024

Most banks upheld their existing credit standards in the fourth quarter of 2024, according to the Bangko Sentral ng Pilipinas (BSP). Findings from the Senior Bank Loan Officers’ Survey (SLOS), released on Friday, revealed that the majority of surveyed banks kept their lending policies unchanged for both business and consumer loans, based on the modal approach. However, using the diffusion …

2 February

ADB okays $500-M loan for Phl labor reforms

The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Philippine government’s efforts in expanding labor market programs and boosting workforce skills. According to the ADB, the Business and Employment Recovery Program-Subprogram 2 aims to equip Filipino workers with industry-relevant skills, enhance women’s participation in the labor force through technical and vocational education and training …

2 February

Stepping Up with Shūbizz: Style meets comfort, function

BellissimaBy Isabella E. Cuartero Our daily routine calls for multi-tasking and seamlessly shifting between various roles. Whether it’s moving from one place to another or juggling multiple responsibilities at the same time, having a reliable accessory that adapts to our dynamic schedules is essential. This is where Shūbizz steps in—offering versatile footwear designed to keep up with the demands of …

2 February

8 new films with bolder visions comprise Puregold CinePanalo 2025

Filmmakers who are set to participate at the upcoming 2025 Puregold CinePanalo Film Festival were recently presented in a press conference held at the Artson Events Place in Quezon City. With a fresh group of contenders and their entries riding on the momentum of last year’s hugely successful festival, Puregold CinePanalo is fast turning out to be a hotly anticipated …

2 February

Phl government secures $905-M loan for Laguna Lakeshore Road Network

By Jinky Jorgio The Philippines has secured an official development assistance (ODA) loan from the Republic of Korea, through the Export-Import Bank of Korea (KEXIM), for the Laguna Lakeshore Road Network (LLRN) Project Phase 1 Stage 1. The Department of Public Works and Highways (DPWH) said the loan, valued at USD905.26 million, will support civil works implementation by the DPWH of …

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February, 2025