The Bangko Sentral ng Pilipinas (BSP) has issued new guidance requiring all institutions under its supervision to strengthen safeguards against money laundering, terrorism financing, and proliferation financing when dealing with casino junket operators.
Former legislator Carlos Isagani Zarate of Bayan Muna on Tuesday criticized the Marcos administration's continued reliance on energy privatization and market liberalization, pointing to recent government data showing that the Philippines now has the highest power rates in Southeast Asia. Zarate argued that the country's staggering electricity costs are the direct result of neoliberal policies, particularly the Electric Power Industry Reform Act, which he said dismantled state control and handed public energy resources over to private corporations.
The Philippine government is strengthening its foreign direct investment (FDI) reporting system by linking key government databases, a move aimed at giving policymakers a clearer picture of investment flows while boosting transparency and investor confidence.
The Philippines is poised to remain one of Southeast Asia's top travel destinations in the second half of 2026 as travelers embrace smarter spending habits, favoring value, convenience and careful planning over impulsive vacations.
Converge ICT Solutions Inc. has launched a new initiative to equip underserved Filipino youth with technology skills, as the country pushes forward with digital transformation.
Mactan Cebu International Airport (MCIA) has partnered with online travel platform Trip.com to boost Cebu’s standing as a key travel hub, bringing more flight choices, easier booking and exclusive discounts to domestic and international commuters.
International Container Terminal Services Inc.’s Mexican unit has secured authorization to handle deeper-draft vessels, giving its terminal at the Port of Manzanillo an edge in accommodating the world’s largest container ships.
A consortium led by Maynilad Water Services Inc. and Korea Water Resources Corp. (K-Water) has secured original proponent status for a proposed P14.8-billion water supply and wastewater management project in New Clark City, moving the long-term utility project into the next stage of the public-private partnership process.
Department of Environment and Natural Resources Secretary Juan Miguel “Mitch” T. Cuna called on all local government units to follow Bayawan City’s example, proving proper landfill design and solid waste management are fully achievable under Republic Act 9003.