The Bangko Sentral ng Pilipinas (BSP) has renewed its warning that melting, damaging, or altering Philippine coins — including commemorative coins — is illegal and punishable by law.
The Philippine Chamber of Commerce and Industry (PCCI) has welcomed the Bureau of Internal Revenue’s (BIR) move to lift the suspension on tax enforcement activities and roll out a modernized audit framework, calling the reforms a major step toward a more transparent, predictable, and fair tax system.
Security Bank Corp. secured a major corporate milestone after winning the Platinum Anvil Award—the highest distinction at the 61st Anvil Awards—recognizing the Bank’s 2024 Integrated Report.
President Ferdinand Marcos Jr. has approved a policy extending the initial registration period for brand new cars and motorcycles to five years, up from the current three years.
Ayala Land Inc. said it is not in a hurry to raise funds from the capital market, citing current uncertainties. The property developer still plans to tap the market this year to refinance around P20 billion in maturing debts, but will time any issuance according to its refinancing schedule, CFO Jose Eduardo Quimpo II said.
AppleOne Medical Group is expanding its hospital network across the Visayas and Mindanao to improve access to quality healthcare, especially in underserved areas.
The Philippine Stock Exchange index (PSEi) could finish the year at around 7,100 points, supported by solid corporate earnings and improving economic conditions, according to Philstocks Financials Inc. If reached, this level would signal renewed confidence in the stock market after recent volatility and reflect better prospects for listed companies.
The House of Representatives’ justice committee on Wednesday, February 4, junked two impeachment complaints against President Ferdinand Marcos Jr., saying the petitions failed to sufficiently establish impeachable offenses. The dismissal effectively grants Marcos a one-year immunity from impeachment, as the Constitution allows only one proceeding against an official per year. The complaints, separately endorsed by Pusong Pinoy Rep. Jett Nisay and the Makabayan bloc, faulted the President for flood control failures and budgetary problems. The Makabayan-backed petition went further, alleging systemic corruption through a “BBM parametric formula,” abuse of unprogrammed funds, and Marcos’ alleged direct role in kickbacks.