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Building permits decline in February but projects size, value higher

Property Context.ph Context.ph -
The number of building permits issued in Feburary declined from the year-earlier period but the size of the real estate developments and their total value surged, data from the Philippine Statistics Authority showed, suggesting strong growth for the construction and property sectors in the months ahead. 

RCBC sees loan portfolio surging to P160-B this year

Banking & Insurance Context.ph Context.ph -
The Rizal Commercial Banking Corp. (RCBC) projects a 27 percent surge in its total loan portfolio (TLP) from P126 billion in 2023 to P160 billion this year, driven largely by targeted campaigns and innovative special programs.

Over US$700 Million Invested in digital banking sector

Banking & Insurance Context.ph Context.ph -
Global and local investors have poured over USD700 million into the digital banking sector, setting a new milestone that underscores the industry's robust growth and its potential to reshape the digital financial landscape.  

Kaspersky ranks Manila fourth largest ransomware victim across ASEAN in 2023

Communications & Technology Context.ph Context.ph -
The Philippines reported 15,312 ransomeware incidents in 2023, the fourth largest across Southeast Asia (SEA), according to security software development firm Kaspersky.

Revenue collection at CAVITEX worth looking into – PRA

Transport & Logistics Context.ph Context.ph -
The Philippine Reclamation Authority (PRA) on Monday dismissed Metro Pacific Tollways Corp. claims of ignoring their offer to take over the operations and maintenance of the Manila Cavite Expressway Project.
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Mixed fuel price adjustments for second straight week: lower diesel, higher gasoline and kerosene 

Energy & Mining 0
For the second week in a row, Filipinos will see mixed changes in fuel prices starting Tuesday. The Department of Energy confirmed Monday that gasoline will go up by P1.56 per liter and kerosene by P1.77 per liter, while diesel will drop by a bigger P3.01 per liter. As of Tuesday morning, only Seaoil has officially announced these new rates, matching the adjustments noted by the DOE. Last week, gasoline rose P1.93 per liter, kerosene P3.30 per liter, and diesel dipped P1.30 per liter.

DICT chief Aguda vows smooth transition amid resignation, continuity of digital programs ensured

Communications & Technology 0
Department of Information and Communications Technology (DICT) Secretary Henry Aguda has committed to a seamless handover following his resignation, assuring the public that key digital programs and department operations will continue without disruption.

ERC approves Negros Power’s P3.73B investment plan to boost power services

Energy & Mining 0
The Energy Regulatory Commission (ERC) has given the green light to Negros Electric and Power Corp.’s (NEPC) P3.73 billion capital expenditure program from 2024 to 2026, paving the way for major upgrades across its service areas in Central Negros.

Philippines targets $57 million agri-investments at Rome forum

Agriculture 0
The Philippines is pitching for more than $57.4 million in new investments across five key farm and food sectors at this week’s Hand-in-Hand Initiative Investment Forum in Rome, according to the Food and Agriculture Organization (FAO). The push builds on the country’s first national investment forum held in March, and marks a major shift toward drawing in private and international financing instead of relying only on traditional aid.
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