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BusinessWorld
BCDA pegs Pax Silica investment at up to $70B
THE Bases Conversion and Development Authority (BCDA) expects the proposed Pax Silica technology hub in New Clark City to attract between $40 billion and $70 billion in investments at full development, with the project projected to generate up to 190,000 direct jobs and $200 billion in exports, as the government on Thursday unveiled its first detailed economic projections for the initiative.
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Coco Martin, Kara David are top winners at 1st FAMAS Broadcast Awards
FPJ’S BATANG QUIAPO, helmed by actor-director-screenwriter Coco Martin, swept the series categories of the 1st Filipino Academy of Movie Arts and Sciences (FAMAS) Broadcast Awards, held on July 20 at the Manila Hotel and streamed live on Facebook. The awards covered television, radio, and podcasts, and online channels. Batang Quiapo clinched Best Series, Best Screenplay, […]
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MariBank secures digital bank license
MARIBANK Philippines, Inc. is now a digital bank licensed to operate in the Philippines after the Bangko Sentral ng Pilipinas (BSP) granted its application earlier this month. In a circular letter dated July 22, the central bank said it issued MariBank a certificate of authority to operate as a digital bank on July 8, upgrading […]
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Aviation recovery faces renewed fuel price risk
LISTED aviation companies are expected to post stronger results in the second half as travel demand improves, but analysts warned that renewed tensions in the Middle East could derail the recovery by driving jet fuel prices higher and squeezing airline margins.
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South Korean-Chinese artist Shi Shi releases EP in English
TAIWAN-BASED South Korean-Chinese artist Shi Shi (real name: Sun Sheng Xi) has dropped a new extended play titled The Taste Of…, marking her first major project written primarily in English. The EP is an accumulation of Shi Shi’s experiences developing music and collaborating with producers in the US and South Korea over the past two […]
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Peso stays at all-time low as Mideast war escalates
THE PESO was steady against the dollar on Thursday, staying at its all-time low, as market players continued to monitor the situation in the Middle East as this could affect global oil prices and inflation expectations. The currency closed at P61.75 versus the greenback on Thursday, flat from Wednesday’s finish, based on data on the […]
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Office market faces tougher second half as industrial outperforms — CBRE
PHILIPPINE office landlords face a more challenging second half as weak demand and aging buildings weigh on the market, while industrial and provincial retail properties offer developers better investment opportunities, CBRE Philippines said. The commercial real estate services firm said the office market would need more than 500,000 square meters of take-up in the second […]
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Before data can be protected, it must be understood
The Philippines has spent years discussing data privacy, cybersecurity, cloud computing, and digital government. Yet one basic question has often remained unanswered: does government actually know what data it holds, how sensitive that data is, and what level of protection each dataset requires? Executive Order No. 119, “Updating the Government Data Classification, Establishing a Data […]
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DoTr says LRT-1 Cavite extension cleared key right-of-way hurdle
THE Department of Transportation (DoTr) said construction of the Light Rail Transit Line 1 (LRT-1) Cavite Extension is moving forward after the government cleared a key right-of-way (RoW) issue along the rail line’s alignment. Transportation Acting Secretary Giovanni Z. Lopez said the RoW issue affecting the LRT-1 Cavite Extension alignment had been resolved. The development […]
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Beyond philosopher king: Ensuring the legitimacy of the Senate verdict
The Philippine Senate, when sitting as an impeachment court, performs one of the Constitution’s most demanding responsibilities. Unlike ordinary legislation, impeachment requires senators to move beyond political advocacy and assume the role of constitutional adjudicators. The legitimacy of the process therefore depends not only on legal procedures but also on the quality of judgment exercised […]
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InLife launches stackable insurance plan
INSULAR LIFE Assurance Co., Ltd. (InLife) has launched a fully digital stackable insurance plan with no fixed payment amounts or due dates, targeted towards young adults and first-time buyers. Stackbit allows customers to gradually increase their life insurance coverage, starting at just P10, by purchasing additional “stacks” when their budget permits, giving them flexibility, the […]
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Ayala Corp. remains in FTSE4Good Index Series
AYALA CORP. (AC) has retained its place in the FTSE4Good Index Series for a 12th consecutive year following the June 2026 review, while subsidiaries ACEN Corp. (ACEN), Ayala Land, Inc. (ALI), Bank of the Philippine Islands (BPI), and Globe Telecom, Inc. (Globe) also remained constituents. “Our continued inclusion in the FTSE4Good Index Series affirms our […]
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GCash future-proofs MSMEs with customer-first payment innovation
Building payment innovation around the needs of Filipino MSMEs amid growing digital needs The Philippines is steadily becoming a digital payments nation. According to the Bangko Sentral ng Pilipinas (BSP), 57.4% of retail payment transactions by volume were made digitally in 2024, up from 52.8% in 2023 and 42.1% in 2022. With the BSP targeting […]
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Metrobank says eSavings account in demand among Gen Zs, Millennials
METROPOLITAN Bank & Trust Co. is seeing strong adoption of its online savings accounts among young Filipinos, reflecting growing preference for digital banking products. Gen Zs and Millennials now account for more than 87% of all Metrobank eSavings accounts opened since the start of the year, it said in a statement on Thursday, citing internal […]
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Fiuu gets JCB card acquiring license for Philippines, Malaysia, Singapore
PAYMENT GATEWAY Fiuu has secured a direct acquiring license as a regional acquirer across Malaysia, Singapore, and the Philippines from JCB Co., Inc. to strengthen its card acquiring capabilities. With the license, Fiuu will be able to connect directly with JCB and process transactions in-house, reducing reliance on intermediaries and letting merchants accept JCB payments […]
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BCDA: 0ver 30 firms interested in Pax Silica project
About 30 companies have expressed interest in investing under Pax Silica, a US-led project to be launched in New Clark City, which is expected to generate as much as P75 billion in annual tax revenues and 190,000 jobs, an official said yesterday.
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Budget gap widens to P786.8 billion in H1
The Philippines booked a wider budget deficit of P786.8 billion in the first half, but still below the programmed level as revenue collection growth outpaced state spending.Data from the Bureau of the Treasury showed that the government’s budget shortfall from January to June was 2.8 percent higher than last year’s P765.5 billion.
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Global retail leaders headline 32nd NRCE
As the Philippine Retailers Association celebrates its milestone 50th anniversary, it brings together four of Asia’s most respected business leaders for the 32nd National Retail Conference and Expo (NRCE) on Aug. 6–7, at the SMX Convention Center Manila.
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Gokongwei-Gotianun group bags OPS for regional airports
The Gokongwei and Gotianun families have received original proponent status (OPS) from the government to take over three regional airports at a higher cost of P21.61 billion.
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Labor productivity and wages
Calls for a suspension in the implementation of the minimum wage increase order have centered on the claim that there is a lack of productivity gains to support it.
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Lopez stocks surge on white knight buy-in
Share prices of most Lopez-led companies listed on the Philippine Stock Exchange surged yesterday after a white knight reportedly made an initial payment for its planned entry into the Lopez empire.
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Pag-IBIG housing loans surge to P69.2 billion
Housing loan releases by Home Mutual Development Fund or Pag?IBIG Fund climbed by 15 percent to P69.19 billion in the first half from P60.25 billion a year ago, lifted by a surge in socialized housing under the Expanded Pambansang Pabahay para sa Pilipino Program (Expanded 4PH).
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Reviving the movie theater experience
Tomorrow is a weekend already and not many will want to read another business story.
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