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EastWest Bank names Kristine Romano as new independent director

East West Banking Corp. has appointed Kristine A. Romano as independent director, effective April 23, 2026.

GSIS welcomes Blancaflor as new board chair

The Government Service Insurance System (GSIS) has officially appointed Atty. Ricardo R. Blancaflor as the new chairman of its board of trustees, effective June 10, 2026. He takes over the post previously held by Rodney Del Rosario Jr.

DTI, Leonio explore transformative Central Luzon estate 

Central Luzon could soon add another major investment magnet to its growing economic landscape as the Department of Trade and Industry (DTI) explores collaboration opportunities with Leonio Land Holdings, Inc. (LLHI) for a proposed Dual-Zone Eco-Innovation Estate that aims to blend industrial development, technological innovation, and sustainable tourism.

Universal healthcare needs more than PhilHealth alone 

Universal healthcare in the Philippines may be gaining momentum through expanded PhilHealth benefits, but healthcare leaders say the path to affordable care extends far beyond the state insurer’s coverage packages.

External debt edges down, remains manageable and resilient

The country’s outstanding external debt eased slightly to US$147.35 billion as of end-March 2026, from US$147.65 billion in the previous quarter, keeping the overall debt burden well within manageable levels.

Just in

Globe, PLDT-Smart speed up network restoration, aid in quake-hit Southern Mindanao

Following the recent magnitude 7.8 earthquake, the country’s two largest telecommunications firms have ramped up efforts to restore services and deliver support across southern Mindanao. Globe Telecom Inc. reports that services are back in 31 out of 32 affected municipalities. Full restoration has been achieved in Zamboanga Sibugay, Zamboanga del Norte, South Cotabato, Maguindanao del Norte, Maguindanao del Sur, Sultan Kudarat, and Sarangani. Teams remain on standby in areas with intermittent signal, mostly where ongoing power outages continue to disrupt telecom facilities. The company has also activated special connectivity and emergency support offers in South Cotabato, Sultan Kudarat, and Sarangani. Meanwhile, PLDT Group’s business unit PLDT Enterprise has teamed up with the Department of Information and Communications Technology (DICT) and local governments to set up Starlink internet in key hospitals. These links are now working at Malungon Sarangani Provincial Hospital and Alabel Sarangani Provincial Hospital, part of the group’s commitment to using communications for disaster response. Through its social outreach arm PLDT-Smart Foundation, the group has started distributing relief goods including food packs, drinking water, and hot meals. Free calls, charging stations, and Wi-Fi are available in General Santos City; Glan, Sarangani; and Jose Abad Santos, Davao Occidental. Smart and TNT users in affected zones have also received emergency load to stay connected. Both companies are coordinating closely with the National Telecommunications Commission, disaster response agencies, local governments, and other partners. Staff are working around the clock to restore services and provide aid, while also ensuring the safety of their personnel and equipment.

JICA completes technical assistance for LRT-1, unveils energy-saving roadmap

The Japan International Cooperation Agency (JICA) has concluded its technical assistance program for the Light Rail Manila Corporation (LRMC), focused on advancing energy conservation along Light Rail Transit Line 1 (LRT-1).

Waterfront Hotel rebuild suspended on cloudy tourism outlook 

Acesite (Phils.) Hotel Corp. is taking a step back from plans to reopen the long-shuttered Waterfront Manila Pavilion Hotel, citing rising reconstruction costs and an uncertain outlook for tourism and gaming revenues. 

Projected Q2 palay harvest tempered by yield concerns

The Philippines is on track for a stronger grain harvest this quarter, with palay production projected to rise 5.3 percent from a year ago, although slipping yields suggest farmers are still battling productivity challenges despite expanding planted areas. 
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