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SM Investments joins share buyback trend, sets P60B budget

SM Investments Corp. (SMIC), the flagship investment arm of the SM Group, has unveiled a historic share buyback program worth up to P60 billion—a little over USD1 billion at current exchange rate, aligning itself with a growing trend among Philippine Stock Exchange-listed companies to address the decline in share prices by repurchasing their own stocks.

PDIC doubles deposit insurance to P1M

The Philippine Deposit Insurance Corporation, which historically adjusted the maximum insured deposit four times since its charter in 1963, has doubled the insured amount to P1 million. The doubling, PDIC chief Roberto Tan said, takes effect beginning 15 March this year.

Capital repositioning allow for continued FDI outflows in January

The Bangko Sentral ng Pilipinas (BSP) on Friday reported net foreign investments of USD283.69 million exiting the Philippines In January 2025. This was a significant improvement compared to the previous month's outflows of USD487.37 million. The decrease, amounting to USD203.68 million or 41.8 percent, points to a recovery in market sentiment despite ongoing global economic pressures.

Ayuda: A lifeline for struggling Filipinos

The latest surveys are in, and they’ve made something pointedly clear: Filipinos are firmly standing behind the government’s social assistance programs.

Agri chief promotes ice plants to reduce waste 

Agriculture Secretary Francisco P. Tiu Laurel Jr. is promoting the establishment of a network of solar-powered ice plants to reduce spoilage and post-harvest losses in agricultural and fisheries products. 

Just in

DMCI Holdings profit jumps 28% on stronger unit earnings

Record earnings from its power generation and nickel mining businesses, stronger real estate and construction contributions, and sharply reduced cement losses lifted DMCI Holdings Inc.'s net income by 28 percent to P15 billion in the first nine months of 2026.

Toyota promotes TMP’s Hashimoto to lead Asia operations

Masando Hashimoto’s Philippine assignment is taking him to a bigger regional stage, with Toyota Motor Corp. naming the Toyota Motor Philippines Corp. (TMP) president chief executive officer of its Asia Region effective January 1, 2027.

Philippine agricultural trade deficit widens as exports slump

The Philippines’ agricultural trade deficit widened by nearly a quarter in September 2026 as a sharp decline in export earnings outweighed higher import spending, underscoring the country’s persistent dependence on foreign food and farm products.

DOT seeks wider China visa-free access, tighter checks to curb abuse

The Department of Tourism (DOT) is seeking to renew and eventually expand visa-free entry for Chinese tourists, arguing that tighter monitoring can address security concerns without shutting out legitimate visitors.
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