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GoTyme Bank rounds 2023 with P10 billion in deposits

"A shoutout to all you wonderful humans out there. Domo arigato to our GoTyme Bank colleagues for reaching 2 million customers and 10 billion pesos in deposits in 14 months!" the executive at one of the country's largest conglomerates said in his social media account, LinkedIn.

National Treasury allows higher treasury bill yields at auction

The Bureau of the Treasury (BTr) allowed Treasury bill (T-bill) yields to rise at the auction Tuesday, awarding the entire upsized offer at its first fund-raising effort for 2024.

Mindful PPA puts behind ugly Manila incident with trained front liners in ports across the country

The Philippine Ports Authority (PPA), which took care of more than 80,000 cruise ship passengers visiting the Philippines this year, plans developing more cruise terminals in 2024. 

November budget deficit narrows by 25% to P93.3 billion

The budget deficit in November narrowed by 25 percent year-on-year to P93.3 billion as public spending declined and a slight increase in revenue collection during the month compared to the level in the same month last year.

Inflation seen easing some more in December

Headline inflation that plumbed a 20-month low of 4.1 percent in November is seen easing further in December to 3.7 percent, according to Moody's Analytics.

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Gov’t taps P4.08B savings for auto incentives

The government will tap P4.081 billion in savings from the Department of Public Works and Highways’ 2025 budget to settle overdue automotive manufacturing incentives, including about P1.5 billion owed to Toyota Motor Philippines Corp. under the Comprehensive Automotive Resurgence Strategy.

US reviews Philippine labor safeguards amid tariff talks

The US is reviewing new Philippine safeguards against forced-labor imports as negotiations continue over Washington’s 12.5-percent tariff, while the Department of Trade and Industry said only about 30 percent of Philippine exports to the US are covered by the levy.

DHSUD puts homeowners’ bylaw deadline on hold

The Department of Human Settlements and Urban Development has indefinitely suspended the deadline for homeowners’ associations to amend their bylaws, giving organizations more time as the government reviews rules governing the sector.

Green GSM takes Philippine ride-hailing upscale

Green GSM is pushing deeper into the Philippine ride-hailing market with an electric premium taxi service, seeking to carve out a higher-value niche as competition shifts from fares toward comfort, capacity, and service.

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