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SMC taps syndicate of banks for P100 billion to complete MRT 7

San Miguel Corporation (SMC) has tapped a consortium of Philippine banks for P100-billion to help complete the ongoing construction of Metro Rail Transit 7...

Sugar millers thumb down proposed increase in beverage tax

The Philippine Sugar Millers Association (PSMA) called on the Department of Finance (DOF) to implement a more stringent tax collection system instead of increasing...

UNCTAD launches new index to measure economic potential

The United Nations Conference on Trade and Development (UNCTAD) has launched a new-generation Productive Capacities Index (PCI) to help countries make more accurate diagnostics...

Business groups oppose ‘untimely, unreasonable’ wage hike in MM

Trade groups have appealed to the NCR wage board against any “untimely” and “unreasonable” minimum wage increase in Metro Manila, saying companies have yet...

Former BIS official to head BSP

Monetary board member Eli Remolona is named Bangko Sentral ng Pilipinas (BSP) governor when economist and academician Felipe Medalla ends his term in less...

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Discovery Capital secures loan to widen reach, boost financial inclusion

Discovery Capital Finance Corp. has secured a credit facility with Union Bank of the Philippines, part of the Aboitiz group, to speed up its expansion across the country.

EastWest Bank expands priority banking for affluent clients amid strong growth

East West Banking Corp. is set to grow its priority banking network and services, following a 40 percent rise in assets under management to P120 billion last year. CEO Jerry G. Ngo announced the bank will increase priority banking branches nationwide from 13 to 20 in the coming years.

Silent senators forfeit democracy’s mantle

The Senate has been regarded as the last bastion of democratic dissent—a chamber where statesmen stood their ground, challenged power, and refused to let their voices be drowned out by political pressure or executive overreach. It was where difficult questions were asked, unpopular truths were spoken, and silence was treated not as a virtue but as a surrender.

Minority senators seek Cayetano exit over Senate shutdown

The Senate minority bloc on Tuesday called on Senate President Alan Peter Cayetano to resign, him of abandoning his responsibilities, neglecting his duties, and disregarding Senate rules by halting the chamber’s proceedings. In a sharply worded statement, minority senators argued that the Senate “cannot be made to stop working because its presiding officer refuses to lead,” stressing that legislative work must continue regardless of political disputes. The bloc also maintained that Senate rules require the Senate President to consult both majority and minority leaders before postponing a session, alleging that such consultation did not take place.

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