BPI waives interbank transfer fees permanently starting July 1
The Bank of the Philippine Islands (BPI) on Monday announced that fund transfers via InstaPay and PESONet to other banks and e-wallets will be permanently free for all users effective July 1, 2026. The waiver complies with BSP Circular No. 1238, Series of 2026, which mandates fair and reasonable pricing for electronic fund transfers across financial institutions.
WB approves record $1.02B Philippine energy, water loan
The World Bank Group has approved a record USD1.02-billion financing package for the Philippines, backing reforms aimed at lowering electricity costs, strengthening water security and accelerating the country's transition to cleaner energy.
PH-Japan project upgrades grains quality testing system
The Department of Agriculture (DA) and the National Food Authority (NFA) will upgrade the country’s grain quality testing system through a P184.2-million project funded jointly by the Philippine and Japan.
Ayala Land expands Lio Estate as long-stay demand grows
Ayala Land Inc. (ALI) is stepping up investments in its 320-hectare Lio Estate in El Nido, Palawan, betting that the next wave of tourism growth will be driven less by short vacations and more by long-stay living, remote work and integrated island communities.
Global real estate shifts into recovery and balancing fears – Colliers
Global commercial real estate markets are entering a period of recovery and rebalancing, backed by steady capital flows and new opportunities driven by changing work habits and global supply chain adjustments, according to insights shared by Colliers executives at the recent 56th WTCA Global Business Forum in Philadelphia.
