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BSP issues new AI governance principles for financial entities 

The Bangko Sentral ng Pilipinas (BSP) has introduced a new set of voluntary governance principles to guide BSP-supervised financial institutions (BSFIs) in safely adopting artificial intelligence. Issued in June under Memorandum No. M-2026-031, the framework helps institutions innovate and improve customer service while protecting consumers, managing risks, and maintaining trust in the financial system.

Airport City opens doors at Clark

The Luzon International Premiere Airport Development (LIPAD) Corporation has officially launched the Clark AeroDistrict, marking the debut of the country’s first world-class airport city.

Marcos satisfaction rating improves, remains in red

President Ferdinand Marcos Jr.'s public satisfaction rating improved in June but remained in negative territory, according to the latest Social Weather Stations survey. The poll found 38 percent of adult Filipinos satisfied with the President's performance, 45 percent dissatisfied, and 17 percent undecided, yielding a net satisfaction rating of negative 7, classified by SWS as "neutral." The result marked an eight-point improvement from the record-low negative 15 posted in March, driven by gains across all major geographic areas and among most demographic groups, although Metro Manila and Mindanao continued to post negative net satisfaction ratings.

IBPAP warns insider fraud threatens outsourcing industry’s credibility

The Information Technology and Business Process Association of the Philippines (IBPAP) is calling for tougher action against insider cybercrime, warning that fraudulent acts committed by a small number of employees could damage the country's reputation as one of the world's leading outsourcing destinations.

Clark AeroDistrict aims to anchor logistics, aviation growth

Clark International Airport's private operator is betting that the future of aviation lies beyond the runway.

Just in

ProGRESS auto tax plan brings mixed costs

The Department of Finance’s (DOF) proposed automobile tax changes under the ProGRESS Bill could deliver sharply different impacts depending on the vehicle  and taxpayer, with higher taxes concentrated on luxury cars but a much broader increase affecting motorists, transport operators and businesses.

Makati Business Club warns growth may miss targets

The Philippine economy faces the mounting risk of falling short of official state growth targets this year, the Makati Business Club warned.

Agriculture damage rises to P3.62B; recovery possible for 71% of affected farmlands

Damage to the agriculture sector from heavy rains and flooding caused by the enhanced southwest monsoon and Tropical Cyclones Luis, Maymay, and Neneng has climbed to P3.62 billion as of September 3, 12 noon, the Department of Agriculture (DA) confirmed. This is up from the P3.39 billion reported just 20 hours earlier on September 2 afternoon.

Areit names seasoned global finance executive Carballo as COO

Areit Inc., the real estate investment trust sponsored by Ayala Land Inc., has appointed Eduardo Javier P. Carballo as chief operating officer, effective September 7. The appointment bolsters the company’s leadership and financial capabilities as it advances its expansion and portfolio growth goals.
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