The balance of payments (BOP), or what is left of the country's foreign currency earnings minus its foreign currency expenses, stood as a surplus of only USD238 million in the first three months this year, sharply lower than the year-earlier surplus of USD3.5 billion.
Manila Electric Company (Meralco) customers can expect a significant reduction in the June electricity rates, a turnaround from the increase announced earlier, as the power distributor implements staggered collection of generation costs from the Wholesale Electricity Spot Marker (WESM).
Globe Telecom is committed to widening its 5G network across the country despite the slow adoption of the technology.
The technology relates to a new...
The Philippines was likely to remain the world's top rice importer this year and next, with purchases seen half a million metric tons more each time, based on forecasts released by the United States Department of Agriculture.
Businessman Manuel V. Pangilinan, more popularly referred to as MVP, was again appointed by directors of PLDT as chairman, president and chief executive officer,...
The business process outsourcing firm Foundever has expanded its disability inclusion program, launching a voluntary Self-ID system that allows employees to confidentially share disability and other identity information, alongside nationwide learning sessions marking the International Day of Persons with Disabilities. The initiatives aim to better address workplace barriers and support employees with disabilities.
Enterprises across Asia Pacific are rapidly shifting from AI experimentation to production, with 96 percent planning to increase AI investment by an average of 15 percent in 2026, according to the Lenovo CIO Playbook 2026, commissioned by Lenovo with insights from IDC.
Jose Teodoro “TG” Limcaoco is the President and Chief Executive Officer of the Bank of the Philippine Islands (BPI), a role he assumed in April 2021. He leads one of the country’s oldest and largest banks, chairs key management and credit committees, and oversees BPI’s banking, asset management, insurance, and international subsidiaries. Beyond BPI, he serves as Chairman of the Bankers Association of the Philippines and Philippine Payments Management Inc., making him one of the most influential figures in Philippine banking today.
Century Properties Group Inc. said it has received a pre-effective letter from the Securities and Exchange Commission (SEC) favorably considering the company’s shelf registration of debt securities worth up to P12 billion, a key step toward tapping the domestic bond market.