The Bangko Sentral ng Pilipinas (BSP) held steady its target reverse repurchase, or borrowing, rate at 5.75 percent at the monetary policy meeting Thursday and kept the interest rates on the overnight deposit and lending facilities unchanged at 5.25 percent and 6.25 percent, respectively. The decision comes as the central bank monitors the risks surrounding inflation and domestic growth amid heightened global policy uncertainty.
Transportation Secretary Jaime J. Bautista announced his resignation on Thursday, citing health concerns after more than two years of service under the Marcos administration. His resignation, effective at the end of office hours on February 21, 2025, marks the conclusion of a tenure where he described his role as both challenging and enriching.
The National Grid Corporation of the Philippines (NGCP) on Wednesday announced a 2.03 percent increase in its wheeling rate for the January billing period, affecting consumers when they receive their February electricity bills.
The Department of Agriculture (DA) is considering implementing a maximum suggested retail price (MSRP) for pork as early as next month to address rising pork prices in the Philippines.
Japanese Ambassador to the Philippines Endo Kazuya on Friday delivered a compelling lecture at Ateneo de Manila University as part of its “EmbLEM: Embassy Lectures, Encounters, and Masterclasses” series, reinforcing the strong and evolving bilateral ties between Japan and the Philippines.
Maya, the country's top digital bank and fintech ecosystem, has unveiled Paleng-Kita, a new credit program aimed at providing micro and small business owners—particularly market vendors and public transport drivers—with access to fair, collateral-free loans.
Aboitiz Construction announced Friday the completion of the Lagonglong Port in Misamis Oriental for AMADI MGT Terminals Inc., marking a major milestone in infrastructure development aimed at boosting Mindanao’s economic activity.
The Department of Transportation (DOTr) announced on Friday that electronic gates (e-gates) will soon be installed at the Ninoy Aquino International Airport (NAIA) to expedite immigration processing and improve the overall travel experience for passengers.