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BSP ensures cash availability in typhoon-hit Masbate

The Bangko Sentral ng Pilipinas (BSP), through its Legazpi Branch, is actively addressing the cash needs of banks in Masbate following the impact of Typhoon Opong.

GSIS extends aid to quake-hit Cebu members

The Government Service Insurance System (GSIS) announced its readiness to assist members and pensioners in Bogo and other quake-hit areas in Cebu, following the recent magnitude 6.9 earthquake that caused structural damage and disrupted daily life.

EEI names new Infrastructure Division head

EEI Corp., one of the Philippines’ largest construction firms, has appointed Paul C. Visaya as head of its Infrastructure Division, effective this October. The move is part of a broader restructuring of the company’s organizational framework.

US market, gold gain despite government shutdown, job losses

Major U.S. markets shrugged off a federal government shutdown and weaker labor data on Wednesday, with equities and gold both pushing higher.

More foreign currency expense than earnings seen persisting through 2026 

The Bangko Sentral ng Pilipinas (BSP) projects the country's balance of payments (BOP) to remain in deficit over the next two years, as current account pressures persist.

Just in

PhilExport urges MSMEs to turn trade deals into export wins

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.

DA asks Senate to back P198.4-B 2027 budget to protect farmers, secure food

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.

DOE stands firm on new coal bidding rules to bolster national energy strategy 

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.

Vingroup plans $500M EV plant in Philippines, EVIS role unclear

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.
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