The Bangko Sentral ng Pilipinas (BSP) and the Commission on Elections (Comelec) have signed an agreement for the safekeeping of the Final Trusted Build Source Codes for the May 12 national and local elections, in compliance with the Automated Elections System Act. The signing and deposit in escrow took place at the BSP Head Office in Manila, led by Comelec …
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The Philippine Deposit Insurance Corporation (PDIC) will auction 54 assets from closed banks through an electronic public bidding on April 24. These properties, located in Aklan, Bukidnon, Camarines Sur, Isabela, Palawan, and Quirino, include vacant agricultural and residential lots, as well as improved residential and agricultural properties, ranging from 71 to 239,343 square meters. Electronic bids will be accepted via …
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State-run Land Bank of the Philippines has launched OptiSaver Plus, an upgraded savings product designed to help Filipinos grow their funds while enjoying free insurance coverage for added financial security. With a tiered interest rate of up to 4% per annum, OptiSaver Plus also provides free life or personal accident insurance based on a depositor’s Average Daily Balance (ADB). A …
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The Bangko Sentral ng Pilipinas (BSP) has collected P1.372 billion worth of coins through its coin deposit machines (CoDMs) as of March 17, translating to 339.84 million coins from 311,858 transactions. Launched in June 2023, the CoDM initiative enables users to deposit coins conveniently, with the amount credited to their GCash or Maya e-wallets or converted into shopping vouchers. The …
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BDO Unibank Inc. (BDO) is reaffirming its commitment to national progress by financing key infrastructure projects, including the modernization of the Ninoy Aquino International Airport (NAIA). Through its Institutional Banking Group and BDO Capital & Investment Corporation, BDO helped secure P80 billion (US$1.42 billion) in funding for New NAIA Infrastructure Corporation (NNIC), the consortium awarded the concession to rehabilitate and …
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As part of its ongoing commitment to sustainability, Taal Vista Hotel continues to enhance its eco-friendly initiatives with thoughtful programs designed to reduce its environmental footprint while maintaining exceptional guest experiences. This year, the hotel proudly introduces its latest “Plate for the Planet” dish, Malunggay Pancit Verde—a flavorful and nutrient-rich take on a Filipino classic merienda, made with locally sourced …
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In a comprehensive State of the District Address (SODA) delivered on Monday at the Skydome in SM North, Quezon City 1st District Rep. Juan Carlos “Arjo” Atayde reported that more than 400,000 individuals have directly benefited from his signature “Aksyon Agad” programs since taking office in 2022. “Sa ilalim ng Aksyon Agad, naisakatuparan natin ang mga programang may direktang epekto …
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The Cultural Center of the Philippines and Teatrong Mulat ng Pilipinas present PAPET PASYON 2025, at the Tanghalang Ignacio Gimenez on April 6, 2025, for two performances at 2:30pm and 6pm. Written by National Artist for Theater Amelia Lapeña-Bonifacio, Papet Pasyon 2025 features and explores in its storytelling, the important moments during the Holy Week. It begins with Jesus’ entry …
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The Philippines is becoming a preferred investment destination in Southeast Asia by firms moving away from China, according to the Philippine Economic Zone Authority (PEZA). In a statement released to media entities, PEZA Director General Tereso Panga explained, “Under the current Trump 2.0 trade regime, the C+1 (China Plus One) strategy seemingly has evolved into C+1+1 (or C + 2), …
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Megawide Construction Corp., led by Ed Saavedra, is set to raise P6 billion through a preferred share offering from March 26 to April 4, 2025, as part of its strategy to refinance existing debt and fund expansion projects, particularly in real estate development. The offering is led by a syndicate comprising PNB Capital and Investment Corp., RCBC Capital Corp., and …
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The Market Monitor Minding the Nation's Business