The Bangko Sentral ng Pilipinas (BSP) is considering further interest rate cuts as inflation in the Philippines remains within the target range, signaling a potential shift to a more accommodative monetary policy to bolster investment and economic growth.
Insular Life (InLife), the country's largest Filipino-owned life insurance company, has completed its acquisition of 100 percent of Generali Life Assurance Philippines (Generali), marking a major corporate milestone in the country’s insurance industry.
Broadband giant Converge ICT Solutions Inc. is ramping up its digital transformation by integrating AI-powered analytics into its operations, a strategic move aimed at deepening customer insight and accelerating product development.
SM Investments Corporation (SM Investments), the flagship of the SM group, again solidified its leadership in corporate governance, being named the top Philippine company in the 15th Annual Institutional Investor Poll by Hong Kong-based Alpha Southeast Asia magazine.
Government fisheries authorities are pushing for more support and safeguards for Filipino salt makers, as most of the salt used in the country comes from abroad.
The Filinvest Group has launched its first large-scale solar power facility — a 20.774-megawatt installation in Tagoloan, Misamis Oriental — with over P1 billion in investment. Developed by subsidiary FDC Green Energy Corp., the ground-mounted plant sits inside the PHIVIDEC Industrial Estate, a key economic zone with ideal terrain and access to power infrastructure.
The Department of Agriculture (DA) has expanded its P20 per kilogram rice program in Kalinga province, while releasing about ₱285 million in additional agricultural aid for local farmers this year. DA Secretary Francisco Tiu Laurel Jr. led the launch activities in Tabuk City, which included facility inspections, farmer dialogues, and distribution of support covering rice, corn, livestock, high-value crops, and local development projects.
The Philippine National Oil Co. (PNOC) inspected LPG storage and port facilities in Calaca, Batangas over the weekend to confirm they are ready to receive, store, and safely handle 21,000 metric tons of government-procured LPG. This supply, sourced from the United States and transiting through Singapore, is due to arrive by the end of May.