PH-Korea tourism ties boosted under familiarization trip
The Tourism Promotions Board (TPB) Philippines, in collaboration with the Philippine Department of Tourism (PDOT) Korea, hosted a familiarization trip from August 17 to 23, 2025, spotlighting Palawan and Cebu as top destinations for South Korean tourists.
Megaworld reinvests P2.21B in MREIT projects
Megaworld Corp., the property arm of billionaire Andrew Tan, announced it will reinvest P2.21 billion into township development projects under its real estate investment trust (REIT) vehicle, MREIT Inc. The move follows the sale of 168.6 million MREIT common shares, averaging P13.28 per share, which generated the reinvestment proceeds.
PH, Singapore begin talks to update 1977 tax pact
The Philippines and Singapore have officially launched negotiations to modernize their 1977 Double Taxation Agreement (DTA), aiming to align the decades-old treaty with current global economic conditions and deepen bilateral investment ties.
Megawide launches P2B share buyback program
Megawide Corp. has joined the growing list of Philippine listed firms initiating share buyback programs, announcing a P2 billion plan to repurchase its common shares on the open market.
Converge’s Surf2Sawa hits 500K subscribers
Converge ICT’s prepaid broadband brand, Surf2Sawa (S2S), has hit 500,000 active subscribers two years post-launch, highlighting a significant shift in the Philippine internet market toward flexible, budget-conscious connectivity solutions. This reflects changing consumer behavior, as affordability and on-demand access increasingly drive broadband adoption.
