The Bangko Sentral ng Pilipinas (BSP) will temporarily halt the operations of its Coin Deposit Machines (CoDMs) starting June 17 as part of an initiative to reassess its strategy for re-circulating idle coins. In an advisory issued Friday, the BSP announced that the machines, currently located in select malls across the Greater Manila Area, will be suspended to allow a …
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The total resources of the Philippine financial system grew by 6.7 percent year-on-year as of end-March 2025, according to data released Friday by the Bangko Sentral ng Pilipinas (BSP). Figures show that combined resources of banks and non-bank financial institutions reached P34.29 trillion in March, up from P32.11 trillion in the same period last year. Banking institutions accounted for a …
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Zeekr took the spotlight again with the global debut of its flagship luxury SUV, the 9X, at the recent Shanghai Auto Show which sets new benchmarks in design, performance, and electrification, marking a bold leap forward for the brand. It is set to be launched tomorrow by Autohub, its local distributor. As the first hybrid model under the Zeekr brand, …
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The Department of Finance (DOF), in collaboration with the United Nations Development Programme (UNDP) and supported by the Government of Canada, has introduced a new initiative aimed at expanding green and climate finance through nature-based solutions (NbS) in the Philippines. In a statement released last week, the DOF announced the launch of NatureNest, a six-month accelerator program under the “Accelerating …
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The Chamber of Automotive Manufacturers of the Philippines Inc., a group that binds leading 28 vehicle manufacturers in the country, started its 30th year celebration with a big bang as it held its Chairman’s Cup, in honor of its founding chairman and newly reelected Palawan Representative Jose Alvarez, at the Manila Golf & Country Club. No less than Rep. Alvarez …
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Home Credit Philippines (HCPH), the country’s leading consumer finance company, partnered with KServico, the widest retail network for motorcycles, 3-wheelers, e-bikes, appliances, laptops, mobile phones, and furniture in order to brings fast and easy financing to nearly 180 KServico stores across Metro Manila and Luzon, making it more accessible and convenient for Filipinos to own motorcycles and experience “New Rides …
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Shell Pilipinas Inc., one of the Big 3 in the local fuel market, held its 11th staging of the Shell Media Golf early this month as part of its 111th anniversary celebration at the Manila Golf & Country Club. Led by its lady president and CEO Lorelie Osial, the event gathered media practitioners from broadcast, print, digital media, and other …
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Atty. Bong Suntay, the head of Cleanfuel stations in the country, returns to the House of Representatives after securing a very close victory in Quezon City’s 4th District, Atty. Suntay expressed his heartfelt gratitude to his constituents. “Ang tagumpay na ito ay hindi lamang para sa akin. Ito ay tagumpay ng bawat mamamayan ng District 4 na naniniwala sa tapat …
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BEYOND ELLIPTICAL By Rose Marie de la Cruz Just glancing at the idea of imposing seasonal tariff for rice, I don’t know just how systematically this can be implemented, without opening the floodgates for corruption and other trade malpractices. As it is, EO 62, which was revised in June 2024, including changing its nomenclature, failed in its mission to protect …
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The country’s meat imports surged by 25.9 percent (year-on-year) in the first quarter of 2025 due to higher demand for pork and chicken imports, the Bureau of Animal Industry (BAI) reported. The BAI data released Tuesday showed that total meat imports in the January to March this year rose to 344.59 million kilograms from 273.64 million kg for the same …
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The Market Monitor Minding the Nation's Business