The Philippine Competition Commission (PCC) has fined the Boracay Business Administration of Scuba Shops (BBASS) and 39 affiliated dive operators a combined P2.17 million for operating what regulators described as an illegal price-fixing arrangement that suppressed competition in one of the country's premier tourism destinations.
Manila Water is assuring customers in its East Zone concession area of uninterrupted 24-hour water supply as El Niño conditions and reduced allocations from Angat Dam raise supply concerns, supported by key investments in alternative water sources including the now-operational East Bay Phase 1 Water Treatment Plant.
President Ferdinand R. Marcos Jr. has reappointed Walter C. Wassmer and Jose L. Querubin as members of the Bangko Sentral ng Pilipinas (BSP) Monetary Board, the central bank’s highest policy-making body.
BDO Pay is launching a range of limited-time promotions and features to help users get more value from their regular spending, with discounts, freebies, and rewards available across dining, shopping, and bill payments.
Over 9,900 agrarian reform beneficiaries (ARBs) across the Bicol Region now fully own their farmland and are relieved from more than ₱418 million in unpaid debts, the Department of Agrarian Reform (DAR) announced Thursday.
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.