The Bank of the Philippine Islands (BPI) has rolled out its overseas collection arrangement (OCA), a new cross-border payment solution that lets Philippine businesses receive payments directly from overseas customers, with DMCI Homes becoming the first property developer to use the service for its clients based in the United States.
Manila Water is ramping up operations at its Cardona Water Treatment Plant in Rizal to secure reliable water supply as the country braces for a strong El Niño that may last until the first half of 2027.
Senate President Win Gatchalian has placed economic recovery at the top of the Senate’s legislative agenda, pledging to fast-track the proposed P7.2-trillion 2027 national budget and pursue reforms aimed at lowering business costs, reviving investments and restoring household purchasing power.
The Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) is calling for stronger cross-border business partnerships across Southeast Asia, citing opportunities to expand trade, attract investment and accelerate technology cooperation amid growing geopolitical and economic uncertainty.
Caltex is highlighting engine protection, oil stability and heat management as key considerations for scooter owners in the Philippines, where heavy traffic, high temperatures and frequent daily use can place added demands on motorcycle engines.
The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.
The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.
The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.
The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.