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DICT assess impact of Microsoft global software outage on local business, economy

The Department of Information and Communications Technology said Friday it is assessing the impact on local companies and the broader economy of the global software outage caused by an alleged faulty update at Microsoft by its cybersecurity provider.

Philippines wins Best Ports of Call 2024 at Asia Cruise Awards

The Philippines clinched the prestigious Best Ports of Call 2024 award at the 10th Asia Cruise Awards in Jeju Island, South Korea, affirming its status as a top cruise tourism destination.

Rice, sugar prices eased in early July; chicken, galunggong rise—PSA survey

Prices of rice and sugar ease in early July from their levels in June but cost of chicken and galunggong rose, results of the regular price monitoring of the Philippine Statistics Authority showed.

Bank lending to agri sector, treated as problematic, forecast significantly improved in joint BSP-DA survey

Bank lending to the agricultural sector, historically low and problematic, showed promise in latest survey jointly conducted by the Bangko Sentral ng Pilipinas (BSP) and the Agricultural Credit Policy Council (ACPC), which works under the Department of Agriculture (DA).

Five-month remittances rise 3% to $14.89 billion

The personal remittances of overseas Filipinos in the first five months this year rose 3.0 percent to USD 14.89 billion from only USD14.46 billion in the year-ago period, the Bangko Sentral ng Pilipinas said on Monday.

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Eala trades clay dust for grass glory

If clay courts are a slow-burn chess match, grass is a drag race—and Alex Eala arrived at the starting line with her foot firmly on the accelerator.

MGB: PH mining up 28.6% in 1Q, bright 2026 outlook seen

The Mines and Geosciences Bureau (MGB) forecasts a favorable 2026 for the mining sector, driven by strong global demand for energy transition minerals and steady commodity prices.

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.

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