Thursday, 28 August 2025, 4:37 am

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    PH on track for 5.7% growth in 2024, driven by strong inflation control

    The USD437 billion Philippine economy is projected to grow by 5.7 percent in 2024, according to Fitch Ratings, which credits the country’s effective monetary policy for the positive outlook.

    OFW remittances continue to surge: October sees 2.7% growth

    The Bangko Sentral ng Pilipinas (BSP) on Monday reported a positive trend in personal remittances from overseas Filipinos (OFs), with October 2024 figures showing a 2.7 percent annual increase.

    Philippine T-bill yields rise ahead of central banks’ action

    Philippine Treasury bill (T-bill) yields rose at Monday’s auction compared to the previous week, as market participants await key monetary policy decisions from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) later this week.

    LTFRB issues SCO vs Angkas on rider cap breach

    The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a show cause order (SCO) to motorcycle ride-hailing and delivery service app, Angkas, demanding an explanation for allegedly surpassing the government-mandated cap on motorcycle taxis in Metro Manila.

    DA stands firm on closed-fishing season for sustainable fisheries

    The Department of Agriculture (DA) and Bureau of Fisheries and Aquatic Resources (BFAR) reaffirmed their commitment to the closed-fishing season as a critical conservation measure. 

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    GCash launches ‘Tap to Pay’ for contactless global payments

    Philippine fintech firm GCash has launched Tap to Pay, a new contactless payment feature that allows users to make transactions by simply tapping their NFC-enabled Android phones on Mastercard-accepting terminals worldwide.

    VICT secures long-term enterprise agreement with Aussie unions

    Victoria International Container Terminal (VICT), the Australian subsidiary of International Container Terminal Services, Inc. (ICTSI), has signed a comprehensive enterprise agreement with local unions, securing labor conditions across its operations until March 2029.

    Cebu Pacific adds direct Cebu–El Nido Flights, expands domestic reach

    Cebu Pacific will launch daily direct flights between Cebu and El Nido beginning 26 October, further strengthening its domestic network and enhancing inter-island connectivity in the Philippines.

    SMC, Quezon City in pact expanding flood control, river rehab efforts

    San Miguel Corp. (SMC) has formalized a partnership with the Quezon City government in a newly signed memorandum of agreement (MOA) to scale up flood control and river rehabilitation efforts under its Better Rivers PH program.

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