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House debates on P5.768-trillion 2024 budget begins Tuesday; eyes approval before break

Speaker Ferdinand Martin G. Romualdez on Sunday said the House is on track to expeditiously approve the budget submitted by President Ferdinand “Bongbong” Romualdez Marcos Jr. before Congress goes on recess later this month.

Global debt trends up anew

The global debt burden retreated for the second year in a row, even though it remains above its already-high pre-pandemic level, according to the latest update of the International Monetary Fund's Global Debt Database. 

OFW remittance rise 2.5% in July as more Filipinos seek jobs abroad

Filipinos living and working overseas, including those working on passenger and cargo ships, sent home $3.32 billion in July, up 2.5 percent from the $3.24 billion they remitted in the same month last year, the Bangko Sentral ng Pilipinas said.

Expanded accounting helped push foreign debt $10.2B higher in June

The country stock of foreign debt stood $10.2 billion higher as at end-June this year to $117.9 billion, driven higher by loans contracted by...

BOC forfeits P42M smuggled rice in Zamboanga City

The Bureau of Customs-Port of Zamboanga (BOC-POZ) forfeited 42,180 sacks of rice worth P42 million following a raid of a warehouse in Brgy. San Jose Gusu, Zamboanga City.

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SM Prime hits pause on P18B bond sale

SM Prime Holdings Inc. has put the brakes on a planned bond offering of up to P18 billion, opting to wait for more favorable market conditions as it seeks funding for an ambitious expansion and redevelopment program across the country. 

Business groups demand tougher anti-graft safeguards

A coalition of business and governance organizations is pressing the government to implement sweeping procurement and infrastructure reforms, arguing that recurring corruption scandals highlight deep structural weaknesses in public accountability systems.

Healthcare distributors get financing from Security Bank, AC Health units

Security Bank has partnered with AC Health subsidiaries I.E. Medica and MedEthix to offer financing support to their nationwide dealer and distributor network via the bank’s dealer financing program. Accredited partners gain access to short-term credit lines and inventory financing, helping them manage working capital, raise purchasing power, and improve cash flow. This support is designed to strengthen the country’s healthcare supply chain by enabling better inventory management and faster response to demand.

Final system integration set for BPI-Robinsons Bank merger, services temporarily unavailable 6 June

The Bank of the Philippine Islands (BPI) is moving into the last phase of its merger with Robinsons Bank, with a final system update scheduled to unify operations and deliver a more streamlined banking experience for all customers.

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