Canadian enterprise software firm OpenText is expanding its Philippine footprint with a proposed USD8 million to USD10 million cloud transformation project for BDO Unibank over the next five years, signaling growing investor confidence in the country's digital economy and accelerating shift toward higher-value technology investments.
The Philippines' transition to upper middle-income country (UMIC) status is sharpening calls for a financially stronger PhilHealth, with leading business groups urging the government to secure the long-term sustainability of the National Health Insurance Fund (NHIF) to safeguard universal healthcare and support economic growth.
President Ferdinand Marcos Jr. said more Filipino workers could receive higher minimum wages in the coming months as regional wage boards move closer to completing reviews that could lead to additional pay increases across the country.
Philippine Airlines (PAL) is ramping up flights to Japan and Australia ahead of the winter, Christmas, and New Year travel season, expecting strong demand from holidaymakers, overseas Filipinos, and business travelers while boosting cargo capacity on key international routes.
South Korean investments in semiconductors, shipbuilding, rail infrastructure, and energy are poised to accelerate the Luzon Economic Corridor (LEC), strengthening the Philippines' manufacturing base and reinforcing its role in regional supply chains.
The Bangko Sentral ng Pilipinas (BSP) has earned fresh praise from sovereign credit giant Moody’s Ratings, which expects local inflation to steadily settle back within the government's two to four percent target range between 2027 and 2028.
A Quezon City Regional Trial Court has issued an arrest warrant for Vice President Sara Duterte over three counts of grave threats against President Ferdinand Marcos Jr., First Lady Lisa Marcos, and former House Speaker Martin Romualdez, the Department of Justice said Friday. The DOJ said the warrant means the court found probable cause against Duterte. Bail was set at P120,000 for each count. Duterte earlier asked the court to defer or recall the warrant. The case stemmed from public threats the VP issued against the 3. The grave threat is also among the charges in the impeachment complaint versus the Vpz
The Securities and Exchange Commission (SEC) has given the green light to Mynt Inc., operator of leading digital payments platform GCash, for its initial public offering (IPO) valued at up to P92.32 billion.
The slight cooling of headline inflation to 6.1 percent in August from 6.2 percent in July provides a welcome breathing room, but it remains far from a signal for the central bank to ease its stance. Lower meat and vegetable prices helped pull down overall food inflation, though the decline was largely muted by accelerating rice costs and expensive transport amid persistent global oil strength. According to Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri, Jr., this temporary easing is unlikely to alter the trajectory of monetary policy. He says that the Bangko Sentral ng Pilipinas (BSP) will likely stay on a tightening path, potentially raising the policy rate by 25 basis points in each of its final two meetings this year to hit 5.50 percent.