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Philippines on track towards meeting forecast 7.2% growth in 2022 – World Bank

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The Philippines is on track towards achieving growth in 2022 averaging 7.2 percent in terms of the gross domestic product, the World Bank said in the January 2023 iteration of its Global Economic Prospects report.

Malacañang to make permanent  joint memo facilitating quick telco tower construction

Transport & Logistics Context.ph Context.ph -
The Private Sector Advisory Council (PSAC) has convinced Malacañang to make permanent a soon-to-expire joint agreement making it easier for the telecommunications companies to build telco towers helping speed up the country’s drive towards the digitalization of transactions.

Philippine Business Bank Completes P1.25B Private Placement, Gears Up For P500M Rights Offer

Banking & Insurance Context.ph Context.ph -
Philippine Business Bank said on Friday that the subscription to 125 million shares that were privately placed last year with the bank’s principal shareholders have been completed, setting up the second part of a plan to raise its authorized capital by P1.75 billion and increase lending activity.

SMC unit to provide 350,000 Bulacan households affordable drinking water by Q1 2025 

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San Miguel Corporation (SMC), through its Luzon Clean Water Development Corp. (LCWDC), will make available affordable water from the Angat reservoir to more than...

Global trade growth seen decelerating further this year

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Governments in emerging-market and developing economies (EMDEs) need to forge stronger cooperation to increase cross-border trade as global trade growth is seen to decelerate...
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Singapore-backed AC Health expansion to create 10,000 jobs 

Education, Health & Science 0
Singapore-backed private equity firm ABC Impact is doubling down on its investment in Ayala Group's AC Health, with the healthcare expansion expected to create around 10,000 direct jobs across the Philippines by 2027 while accelerating the rollout of hospitals, clinics, and pharmacies nationwide.

Government raises P1B from Makati property sale 

Property 0
The government has raised P1 billion from the sale of state-owned condominium units and parking slots in Makati, giving a fresh boost to its privatization program as it looks to unlock more value from idle assets and generate additional non-tax revenues.

Jollibee Group Foundation wins top social sustainability honor at 2026 Philippine Leadership Awards

Corporate Bulletins 0
Jollibee Group Foundation has been named the Best Social Sustainability Initiative recipient at The Philippines’ Leadership Awards 2026. The award was presented during a ceremony held on June 26 at Dusit Thani Manila.

Global Dominion posts record 2025 results, targets wider MSME support

Corporate 0
Global Dominion Financing, Inc. (GDFI) rounded 2025 with record performance, reporting total assets of P18.6 billion, up 32 percent from 2024, and net income rising 10 percent to P882 million. Total revenue reached P5.12 billion, while net customer loans hit P16.24 billion and total equity more than tripled to P4.27 billion. The firm lent P11.82 billion to 28,985 borrowers nationwide, with business and personal loans seeing strong growth. Under new president and CEO Samuel Cariño, who took office in June 2026, GDFI will expand its digital tools including its award-winning MyLoans App and AI systems, alongside its 196 branches across the country, to better serve underserved Filipino entrepreneurs and small businesses.
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