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Growth seen moderating to 5.4 percent this year

Local output growth measured as the gross domestic product (GDP) is forecast to ease further this year to 5.4 percent, lower than last year's growth print of 5.6 percent, analysts at the Manila unit of the Dutch giant ING said on Monday.

GSIS posts P311 billion revenue in 2023; net income reaches P113.3 billion

The Government Service Insurance System (GSIS) reported a 33 percent increase in revenue to P311.3 billion from P234.9 billion, translating to a 70% percent surge in net income from P66.4 billion to P113.3 billion, and a 3,903 percent rise in total income from P3.6 billion to P143.4 billion compared to prior year.

Budget airline rolls out 3,000-seat sale for only P1

AirAsia Philippines rolled out on Monday its very first local-currency ticket sale in all its domestic and international destinations to encourage more Filipinos to travel.

Korea partner a positive influence on SMC bid to rehabilitate NAIA

San Miguel Corp’s bid to modernize Manila's Ninoy Aquino International Airport (NAIA) offers both exciting opportunities and concerning financial implications, CreditSights, a Fitch Solutions company said on Monday.

Loan aggregator partners with SME-oriented finance company

FundSpace, a homegrown loan aggregator under 917Ventures, has partnered with Global Dominion Financing, Inc. (GDFI) to provide financing solutions to small and medium enterprises...

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Asia-Pacific firms accelerate supply chain shifts as tariffs mount — Citi

Asia-Pacific companies are facing growing pressure to relocate supply chains as tariffs reshape global trade, while businesses worldwide are placing greater emphasis on unlocking cash tied up in operations, according to a new report by Citi Institute.

BPI wins honors at Alpha Southeast Asia Awards 2026

The Bank of the Philippine Islands (BPI) earned eight top awards at the Alpha Southeast Asia Awards 2026, one of the region’s most prestigious financial honors.

FedEx’s $100-million Clark expansion to boost Philippine exports

FedEx’s planned USD100-million expansion of its Clark Gateway Hub in Pampanga is expected to strengthen the Philippines’ air cargo network, create jobs and improve exporters’ access to international markets as the country seeks to expand its role in global trade.

BIR tightens tax collection oversight in electricity spot market

The Bureau of Internal Revenue (BIR) has tightened tax collection oversight in the Wholesale Electricity Spot Market (WESM), assigning the market operator direct responsibility for withholding and remitting taxes on electricity transactions in a move aimed at improving compliance and accountability.
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