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    BSP opts for a pause in the monetary policy tightening cycle

    The policy-making Monetary Board of the Bangko Sentral ng Pilipinas on Thursday kept its benchmark interest rate unchanged at 6.5 percent, effectively validating market...

    Banks return 80 percent of stolen GCash funds

    Mactan, Cebu—The banks as unwitting recipients of funds stolen from GCash accounts have returned 80 percent or just under P30 million of the estimated...

    ‘A pause in the monetary policy tightening cycle at this point is fraught with risks’

    There had been contrarian views on the subject but on Monday Finance Secretary Benjamin Diokno told reporters he favors keeping the policy rates of...

    March remittances up 3% to $2.97 billion

    Money sent home by millions of overseas Filipinos in March proved 3 percent higher to $2.97 billion from only $2.89 billion last year and...

    Converge mulls sale-leaseback deal for fiber network, plans dividend payout

    With the aggressive fiber network rollout behind it, Converge Information and Communications Technology Solutions Inc. has cut back its capital expenditure budget this year,...

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    Buses now allowed to stop at NIA Road

    Acting Transportation Secretary Giovanni Lopez has ordered the issuance of special permits for 268 buses operating from Sapang Palay to Fairview, allowing them to pick up and drop off passengers at NIA Road in Quezon City.

    TDK taps Aboitiz for Laguna solar power project

    Aboitiz Upgrade Solar Inc. (AUSI), a renewable energy affiliate of Aboitiz Power Corp., has partnered with electronics manufacturer TDK Philippines Corp. (TPC) to install a 5.65-megawatt-peak (MWp) rooftop solar PV system across two TPC facilities in Laguna.

    President Marcos names DOJ’s Remulla as Ombudsman

    President Ferdinand R. Marcos Jr. has appointed Secretary of Justice Jesus Crispin “Boying” Remulla as the new Ombudsman, succeeding former President Rodrigo Duterte-appointee Samuel R. Martires whose term ended in July. Remulla, who has served Justice Secretary since 2022, is known for pushing reforms to modernize the justice system and fight corruption. With decades of experience as a legislator and lawyer, he is expected to uphold transparency and accountability. The Marcos administration has reiterated its zero-tolerance of corruption. Ombudsman, the government’s primary graft buster, serves a single 7-year term and can only be removed through impeachment for offenses such as treason, bribery, graft and corruption, or betrayal of public trust.

    DA measures help shield poor from inflation

    Targeted efforts by the Department of Agriculture (DA) to manage the supply and pricing of key food items, particularly rice, sugar, and corn, are helping protect the poorest Filipino households from the brunt of inflation, even as overall consumer prices rise.

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