The balance of payments (BOP), essentially what is left after deducting the country’s foreign currency expenses against earnings, stood as a surplus of $612 million in December 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
Among the airports with budget allocations for repairs are the Laoag International Airport (P785 million), Tacloban Airport (P1.420 billion), Antique Airport (P500 million), Bukidnon Airport (P80 million), Ninoy Aquino International Airport (P43 million), New Zamboanga International Airport (P200 million), Vigan Airport (P50 million), and M'lang Airport (P15 million).
Ayala-led Bank of the Philippine Islands (BPI) has tapped Euronet Worldwide Inc., to enhance its ATM infrastructure to better serve customers who still rely on cash.
Lucio Tan’s LT Group Inc. has partnered with Weisshaus, a leading distributor of international spirits, to bring the Tanduay rum brand to Austria, making it the first Asian rum brand to enter the country.
Sy-led BDO Unibank Inc. (BDO) was named Industry Champion of the Year and Top Sustainability Advocate in Asia, both for the second time at the 2022 Asia Corporate Excellence & Sustainability (ACES) Awards in Kuala Lumpur, Malaysia.
The Bangko Sentral ng Pilipinas (BSP) has adjusted rules raising the maximum repayment period for salary-based general purpose consumption loans (SBGPCLs) from the standard three years — extendable only to five years in special cases — to seven years.
Security Bank recently held Sustainability Talks 2026: Energy Savings and Tax Incentives for a Greener Tomorrow, a forum for commercial clients to address rising energy costs and changing regulations. The event gathered regulators, industry experts and business leaders to discuss strategies for better energy management, cost reduction and compliance with the Energy Efficiency and Conservation Act (EECA).
PLDT Enterprise has deepened its collaboration with Xeleqt Technology Innovations, Inc. to support the expansion of Xeleqt’s Artificial Intelligence of Things (AI-IoT) ecosystem.