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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 

Corporate Context.ph Context.ph -
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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DA readies P2.9B farm competitiveness fund, initially targets 12 applicants 

Agriculture 0
The Department of Agriculture (DA) is preparing to roll out a P2.9-billion fund intended to help agricultural cooperatives expand production and improve their competitiveness, with the agency initially targeting about 12 applicants.

Bloomberry bets P30M on online gaming growth

Sports & Entertainment 0
Bloomberry Resorts Corp. is stepping up its push into the Philippines’ expanding digital gaming market, rolling out a P30-million year-end promotional campaign for its online gaming platform, FUNaloMAX, as operators compete to attract and retain players.

Global and local firms eye P103-B MRT-3 modernization project

Transport & Logistics 0
Around 100 local and international companies have expressed strong interest in taking part in the proposed P103.6-billion concession for the Metro Rail Transit Line 3 (MRT-3), highlighting growing confidence from both foreign and domestic investors in upgrading the country’s main urban railway network.

Globe powers cell cites with renewable energy, boosting network resilience 

Energy & Mining 0
Globe Telecom Inc. announced Friday that more than 1,000 of its cell sites are now running on renewable energy as of August 2026, marking a key step in the company’s push toward cleaner and more reliable operations. The shift was made possible through the government’s Retail Aggregation Program, making Globe the first telecommunications provider in the country to reach this milestone.
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