Legazpi Savings Bank (LSB), a subsidiary of the Bank of the Philippine Islands (BPI), has opened three new branch-lite units (BLUs) in Northern Luzon, as part of its ongoing mission to support educators and strengthen communities. The new branches are located in San Fernando (La Union), La Trinidad (Benguet), and Tuguegarao City (Cagayan)—key hubs serving over 85,000 teaching and non-teaching staff and more than 5,000 schools across Regions I and II.
The Manila Electric Company (Meralco) has restored electricity to nearly all customers affected by power outages caused by intensified southwest monsoon rains triggered by Super Typhoon Nando (international name: Ragasa). According to Meralco vice president and head of corporate communications Joe R. Zaldarriaga, crews are now conducting final restoration efforts and will continue working until service is fully restored.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) has partnered with International Workplace Group (IWG) to manage the newly built Super Health Center in Casiguran, Aurora—marking IWG’s first venture into healthcare facility management globally.
The global economy is entering a period of prolonged weak growth and structural disruption, with mounting risks for emerging markets like the Philippines. This is according to the latest Chief Economists’ Outlook, released today by the World Economic Forum.
Filipina tennis star Alex Eala made a commanding start to her Jingshan Tennis Open campaign, brushing aside Belarusian Aliona Falei, 6-3, 7-5, in their Round of 32 clash at the WTA 125 event in China.
Live broadcasts within the Senate building showed commotion within the second floor, with gun shots heard and uniformed personnel armed with long fire arms and clad in bulletproof vests trying to secure the area. It remains unclear what happened, with security personnel refusing to reply to media queries.
The Department of Agriculture (Philippines) and Bureau of Fisheries and Aquatic Resources have signed new agreements with Papua New Guinea and the Marshall Islands to strengthen cooperation in the fisheries sector.
The Philippines showcased significant progress in legal and regulatory reforms during the Luzon Economic Corridor (LEC) Steering Committee meeting on May 12, highlighting efforts to create a transparent, competitive, and investment-friendly business environment.