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PSA revises GDP growth for 2024

The Philippine Statistics Authority (PSA) has revised estimates for the country’s economic performance, covering both 2023 and 2024, with updates on quarterly and annual figures by industry and expenditure. 

Economy shows resilience amid global trade shifts

Finance Secretary Ralph G. Recto on Thursday highlighted the Philippine economy's resilience amid global trade disruptions, emphasizing the government's efforts to attract more investors through the CREATE MORE Act.

Government eases SBG rule, boosting conglomerates and GCash IPO

The government’s decision to relax the single business group (SBG) investment limit will provide significant benefits to major conglomerates, such as the SM Group, and could help facilitate the conduct of the initial public offering (IPO) of fintech giant GCash.

Kadiwa stores expanding into post offices

The Department of Agriculture (DA) and the Philippine Postal Corp. (PHLPost) have signed a groundbreaking agreement to expand the reach of the government’s Kadiwa rolling store program, offering consumers easier access to affordable agricultural products.

NTC rejects NOW Telecom bid to extend mobile network authority

The National Telecommunications Commission (NTC) on Thursday rejected NOW Telecom Company Inc.'s request to extend its provisional authority to operate a nationwide mobile telecommunications network.

Just in

GoTyme Bank expands share ownership to nearly all staff, setting new industry standard

GoTyme Bank, a partnership between the Gokongwei Group and Tyme Bank, announced on Thursday that it will broaden its share ownership program to include all eligible employees in good standing. This move marks a major shift in the local banking industry, where such benefits are traditionally limited only to top executives.

AI-driven cyber threats pose major risks to financial stability: IMF

Artificial intelligence is reshaping financial system security—both as a defense tool and a growing threat, according to analysis from the International Monetary Fund (IMF). Advanced AI now lets attackers find and exploit digital vulnerabilities faster and cheaper, raising risks of widespread, simultaneous breaches across interconnected financial systems.

AdventEnergy expands in Mindanao with new power deal for cold storage

AdventEnergy, the retail arm of Aboitiz Power Corporation, has secured an 896-kilowatt power supply contract with Viking Cold Storage Inc., strengthening its presence in Mindanao’s fast-growing cold chain industry.

Alliance Global posts higher profit amid uncertainty

Alliance Global Group Inc. (AGI) reported a 6 percent increase in first-quarter net income, supported by stronger residential sales, rising leasing revenues, improving hotel operations, and an early recovery in liquor demand despite uncertain economic conditions.
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