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CICC: Cybercrime complaints triple in 2024

The Cybercrime Investigation and Coordinating Center (CICC) received 10,004 cybercrime complaints in 2024, more than three times the 3,317 reports in 2023. Victims lost nearly ₽198 million, marking the first release of data on actual losses from cybercrime. CICC Executive Director Alexander K. Ramos attributed the increase to growing public awareness and more people reporting scams. “In previous years, many didn’t realize they were being scammed or didn’t know where to report it,” he said.

BDO board declares P408.4M cash dividend; approves new hiring

BDO Unibank Inc., the country’s largest lender by assets, said Friday its board approved a cash dividend declaration for its series A preferred shares at a rate of 6.5 percent a year at par value.

New parallel runway at MCIA to boost economic growth and tourism

The Mactan-Cebu International Airport (MCIA) has opened a new 2.56-kilometer parallel runway, a strategic infrastructure development aimed at supporting the region's growing tourism and economic activities.

Continued PH growth hinges on energy transformation

The Philippine economy stands at a pivotal moment, with the World Bank projecting a strong growth rate of 6 percent from 2024 to 2026. However, the nation, energy advocates say, faces considerable challenges, particularly in its energy sector, which could undermine economic progress.

Chinabank wins big at 60th Anvil Awards

Chinabank clinched two prestigious Silver Anvils at the 60th Anvil Awards Gabi ng Parangal, highlighting its significant strides in both brand revitalization and employee engagement.

Just in

Gov’t greenlights $1-M aid to restructure LRT 1 PPP deal

The national government has approved $1‑million in assistance to cover advisory work for planned changes to the concession deal governing operations and maintenance of the LRT‑1 Extension project, a move officials say aims to put the light rail line on firmer financial footing for hundreds of thousands of daily commuters.

MARINA suspends safety certificates after separate Cagayan, Bohol sea incidents 

The Maritime Industry Authority (MARINA) has ordered the immediate suspension of safety certificates for two vessels following separate maritime incidents off Cagayan and Bohol last 31 October 2026, a move signalling tighter sea‑safety checks for passengers and sea travellers nationwide.

SEC urges manufacturers to tap capital markets for expansion

For Philippine manufacturers, the next factory may require more than retained earnings and a friendly bank. The Securities and Exchange Commission (SEC) is urging them to look beyond traditional financing and prepare to tap the capital markets as they scale up.

Japanese utility eyes solar projects for 10 PEZA locators

A Japanese power utility is sizing up a new Philippine market, and it is starting with something factories cannot do without: electricity.
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