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

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 

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

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...

Manuel M. Lopez Passes Away

Manuel M. Lopez, a former Philippine envoy to Japan and former chairman of Manila Electric Co., passed away on Thursday. He was 80.

Inappropriate use of bank funds gets Leyte rural banker up to 20 years in jail

The Regional Trial Court of Burauen, Leyte (RTC-Burauen) has convicted a former officer of the now-closed Rural Bank of Burauen (Leyte), Inc. for violating the Bangko Sentral ng Pilipinas’ (BSP) Manual of Regulations for Banks (MORB) and appropriate legislation.

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The electric car meets the Filipino road

The electric vehicle has arrived in the Philippines with a promise familiar to anyone who has spent an afternoon crawling along EDSA: less dependence on gasoline, quieter motoring, and a little less money disappearing into the fuel tank. It’s an appealing proposition. The only complication is that the Filipino road has never been particularly interested in making life easy for anyone.

Manila to host second WTA event in 2027

Manila is set to host a new WTA 250 tournament in late 2027, giving the Philippines a second women’s professional tennis event and a potential new draw for higher-ranked players.

Eala makes TIME100 Next list after tennis rise

Alex Eala has added another shiny line to an already crowded résumé, earning a spot on TIME100 Next 2026 as the only tennis player among the magazine’s list of rising figures shaping the future.

ERC, NGCP settlement ends years of fee dispute; freed funds to benefit public

The Energy Regulatory Commission (ERC) and the National Grid Corporation of the Philippines (NGCP) have signed a compromise agreement that resolves years of legal battles over regulatory fees, clearing the way for additional public funding. Signed Thursday at the ERC headquarters in Pasig, the pact settles long-running disputes over permit fees and annual supervision and regulation charges, with both sides agreeing to set aside their differing positions on the matter.
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