CATEGORIES
BSP, CDA prepare joint circular on e-money issuers, payment operators
The Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) are finalizing the guidelines for cooperatives that are currently involved or interested in operating as electronic money issuers.
Meralco-backed power coop fires up substation
An electric cooperative co-managed by tycoon Manuel V. Pangilinan's Manila Electric Co. (Meralco) is now operating its first mobile substation in Mabalacat City, Pampanga.
Gov't settles 81% of debt service as of Q3
The Marcos administration increased its debt payments to P1.6 trillion as of end-September, settling more than 80 percent of its programmed obligation for the year.
More Waltermart malls shift to clean energy
Community mall pioneer WalterMart has strengthened its partnership with Lopez-led First Gen Corp. to energize its retail centers with solar power.
Market volatility to continue this week
Market volatility may continue this week following last week's slump that brought the benchmark index below the 7,000 level.
Apparel exports seen to hit $1 B next year - FOBAP
The country's apparel exports are projected to reach the $1 billion mark in 2025, thanks to an expected boost from the free trade agreement (FTA) with South Korea anticipated to take effect in the first quarter.
Phl defers add'l sugar import plans until mid-2025
The government deferred any sugar importation plans until the middle of next year or until after the harvest season to protect domestic producers as nationwide stocks of the commodity remain ample to prevent any retail price spikes.
Metro Pacific Health lands 27th hospital investment
Metro Pacific Health Corp. (MPH)'s buying spree continues, expanding its hospital network with the acquisition of its 27th hospital.
Asialink secures $50-M loan from ADB for SME lending
Asialink Finance Corp. (AFC) has secured a $50-million loan from the Asian Development Bank (ADB) to be used to provide financing to more small and medium-sized enterprises (SMEs) in the country.
Manila still lags in internet speed, quality
Manila is still one of the poorest cities in Asia-Pacific to connect to the internet, ranking in the lower half of the region for reliability and consistency.
Alternergy buys out Shell's stake in wind projects
Alternergy Holdings Corp. has acquired the 40-percent interest of its strategic partner, Shell Overseas Investment B.V., in Tablas Strait Offshore Wind Power Corp. (TSOWPC).
Daily nutrition recipe book to be distributed nationwide
The National Book Development Board (NBDB) recently received over 500 copies of a recipe book on daily nutritional needs, turned over by the De La Salle-College of Saint Benilde (DLS-CSB).
Easy... Like Sunday Morning
Not long ago, a company using a bank's payroll package was simply passing on the responsibilities of accounting, payroll preparation, and disbursement responsibilities. For employees, from management to rank and file, the priority was getting paid on time and accessing their money quickly.
Innovations follow regulations
In the rapidly advancing world of artificial intelligence (AI) and fintech, we urgently ask: should innovation come before regulation or is it the other way around?
HSBC helps propel Phl to 'superstar' status
HSBC Philippines, which will celebrate its 150th anniversary in the Philippines next year, remains steadfast in its support to help propel the country to superstar status in the next decade.
Gut issues
In the end, American voters, like voters everywhere, voted based on their fears and their anger. Gut issues gave Trump a rousing victory. Americans were more worried about grocery bills and paying rent than the end of democracy.
Phl to import 5 MMT rice
Five million metric tons. Or five billion kilograms. That is the total volume of rice that the Philippines may import this year, according to the latest projections of the United States Department of Agriculture (USDA).
German firms see improved business conditions
Over 50 percent of German firms in the Philippines are upbeat that business conditions will improve, as they anticipate increases both in investments to be made and the workforce count, according to a survey of the German-Philippine Chamber of Commerce and Industry (GPCCI).
Gov't set to award 1st hydrogen contracts
The government is on track to award the country's first service contracts for native hydrogen exploration that are still subject to President Marcos' approval, according to a Cabinet official.
Cebu Pacific to mount direct flights to Sapporo
Filipinos can reach Sapporo through direct flights again, but this time with low-cost carrier Cebu Pacific, marking the airline's fifth destination in Japan.
Ovialand embarks on 2nd project with Japan's Takara Leben
Ovialand Inc., a property developer led by the Olivares family, is embarking on its second project with Japan's Takara Leben Co. Ltd. following the success of the partnership's first residential joint venture.
ERC urged to resolve Meralco's rate reset
The Energy Regulatory Commission (ERC) should promptly resolve Manila Electric Co.'s (Meralco) rate reset, as further delays could hurt consumers and undermine investor confidence, a think tank said.
Trump victory sows fear in Phl stocks
Philippine stocks and peso under pressure
SEC to boost sustainability among SMLEs
The Securities and Exchange Commission (SEC) is working on ways to further boost sustainability among small, medium, and large enterprises (SMLEs) in the country.
Trump 2.0 raises risks for Phl, Asean
Nomura Global Markets Research warned that a second Trump presidency could bring adverse impacts for Southeast Asia, particularly affecting the Philippines' growth trajectory due to heightened geopolitical risks, volatility in remittances and vulnerabilities in the outsourcing sector.
Maynilad IPO set next year
Maynilad Water Services Inc. is finally pushing through with its initial public offering (IPO) next year.
STAR reporter bags EJAP journalism award
The Philippine STAR's Richmond Mercurio was recognized as the \"Energy Reporter of the Year\" during the 33rd Economic Journalists Association of the Philippines' (EJAP) Business Journalism Awards held last Friday in Makati.
Credit growth picks up after BSP rate cut
Credit growth improved for the third straight month to 11 percent in September as the Bangko Sentral ng Pilipinas (BSP) lowered borrowing costs and hinted at additional rate cuts, fueling optimism for continued economic expansion.
Forest Hills Chairman's Cup up
After undertaking several rehabilitation efforts on the golf course and upgrading facilities at the clubhouse, Forest Hills Golf and Country Club is all set to thank its membership with the staging of the 20th BPI Gold Chairman's Cup set Nov. 16 to 17.
Batangas takes opener of MPBL South finals
Batangas ruled the boards and subdued Quezon Province, 75-69, on Saturday in Game One of their South Division Finals in the MPBL (Maharlika Pilipinas Basketball League) Sixth Season at the Lucena City Convention Center.