The Land Transportation Franchising and Regulatory Board (LTFRB) on Tuesday approved a P1 provisional fare hike for modern and traditional public utility jeepneys (PUJs) nationwide starting October 8 this year.
Yields on Philippine treasury bills (T-bills) were higher at the auction Monday as the market worries over further acceleration in inflation could force the Bangko Sentral ng Pilipinas to resume its aggressive tightening of monetary policy.
Cebu Air Inc. on Thursday bared plans to order narrow body aircraft from US aircraft manufacturer Boeing as part of its risk management options and to "diversify risk" in the wake of issues arising from Pratt and Whitney (P&W) engines.
The government, through sovereign wealth fund Maharlika Investment Corp., is looking to acquire at least one board seat in the National Grid Corp. of the Philippines, operator of the country’s national electricity transmission highway, House Speaker Ferdinand Martin Romualdez said.
Foreign tourist arrivals to the Philippines fell by 2.4 percent in the first nine months of the year, reaching 4.33 million, according to data from the Department of Tourism. The decline was largely driven by a sharp drop in visitors from South Korea and China.
Globe Telecom has activated its emergency response teams in the wake of a magnitude 7.6 earthquake that struck offshore Davao Oriental on October 10. The powerful tremor, felt across the Davao Region and nearby provinces, triggered evacuations and temporary suspension of operations in several areas.
The Government Service Insurance System (GSIS) received a surge of applications on October 10, the first day of its Digital Ginhawa Loan program, with 21,418 government employees applying for a total of ₱1.258 billion in loans via the GSIS Touch mobile app.
BDO Unibank Inc.’s BDO Kabayan Facebook Page was honored for Excellence in Social Media Strategy at the 21st Philippine Quill Awards, recognizing its role in supporting overseas Filipinos (OFs) through reliable and accessible financial information.