MDBs strengthen joint action in addressing global issues

GMA Network - Oct 18, 2026

The heads of major multilateral development banks (MDBs) vowed to strengthen their cooperation in addressing various global issues, including conflicts, disasters, and tight fiscal conditions.

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Gokongwei, Salazar receive top MAP award

Oct 17, 2026

Gokongwei, Salazar receive top MAP award

MANILA, Philippines — Top Philippine conglomerate executives Lance Gokongwei and Chito Salazar have been named this year’s recipients of the prestigious “Management Person of the Year” award conferred by the Management Association of the Philippines (MAP). Gokongwei, president and CEO of JG Summit Holdings Inc., was cited chiefly for his role in transforming the Gokongwei Group

Go eyes cut in OFW remittance transfer costs to 2%

Oct 17, 2026

Go eyes cut in OFW remittance transfer costs to 2%

MANILA, Philippines — The Department of Finance (DOF) is targeting a reduction in the cost of sending money home by overseas Filipino workers (OFWs) to around 2 percent of the funds sent, with Finance Secretary Frederick Go turning to global payments firms to help make money transfers to the Philippines more affordable. “The average (fee) now,

ACEN earmarks P3B to support Palauig solar park, battery projects

Oct 17, 2026

ACEN earmarks P3B to support Palauig solar park, battery projects

MANILA, Philippines — The Ayala group’s ACEN Corp. has committed an additional P3 billion to its wholly owned subsidiary Giga Ace 8 Inc. to finance the construction of its Palauig Solar 2 and battery energy storage projects. In a disclosure on Friday, ACEN said it signed a subscription agreement for 300 million Redeemable Preferred Shares “A”

Converge tests lower-cost prepaid fiber offer

Oct 17, 2026

Converge tests lower-cost prepaid fiber offer

MANILA, Philippines — Converge ICT Solutions Inc. is preparing to pilot a new low-cost prepaid home broadband offering this quarter, as the telco seeks to reach price-sensitive households amid the increasingly saturated fiber market. Dennis Anthony Uy, cofounder and CEO of Converge, said the product, which could be commercially launched as early as the first

DMCI Homes partners with Pag-Ibig to widen housing access

Oct 17, 2026

DMCI Homes partners with Pag-Ibig to widen housing access

MANILA, Philippines — DMCI Homes has partnered with Pag-Ibig Fund to make up to 3,990 condominium units eligible for housing loan financing, subject to the completion of project accreditations. The property developer signed a memorandum of understanding with the state-run housing lender on Friday to broaden financing options for qualified buyers. Anissa Heights, a condominium development

Manulife REIT fund expands into infrastructure, natural resources

Oct 17, 2026

Manulife REIT fund expands into infrastructure, natural resources

MANILA, Philippines — Manulife Investments Philippines has converted its Global Real Estate Investment Trust (REIT) Feeder Fund into a diversified multi-asset unit investment trust fund (UITF), expanding its investment mandate beyond real estate to include listed infrastructure, natural resources equities and US Treasury inflation-protected securities. In a statement, the asset management arm of Manulife said it launched

Philippine output boosts global pineapple trade

Oct 17, 2026

Philippine output boosts global pineapple trade

MANILA, Philippines — The Philippines significantly contributed to global pineapple trade in 2025 as it invested heavily in improving domestic production, according to the Food and Agriculture Organization (FAO) of the United Nations. Global pineapple exports grew by 3.7 percent to 3.7 million metric tons (MT) in 2025, largely driven by higher supplies from the

Department of Agriculture opposes sale of contraband rice

Oct 17, 2026

Department of Agriculture opposes sale of contraband rice

MANILA, Philippines — The Department of Agriculture (DA) has opposed selling off the rice cargo from Vietnam that was confiscated, to prevent those responsible for its entry into the Philippines from profiting. “I am not in favor of auctioning this,” Agriculture Secretary Francisco Tiu Laurel Jr. said in a recent radio interview. READ: Senate to conduct

Foreign banks trim China branch networks as low returns test strategy

Oct 17, 2026

Foreign banks trim China branch networks as low returns test strategy

Almost two decades after gaining permission to conduct yuan business for local clients, foreign-funded banks are still refining their strategy in China, where the financial sector is dominated by state-owned lenders. While Citi exited its China retail banking business, other foreign banks have continued to close branches and sub-branches, focusing instead on digitalisation, wealth management and core clients to strengthen their foothold in the market. Deutsche Bank (China) announced the closure...

PH pitches LEC projects to Italian firms

Oct 17, 2026

PH pitches LEC projects to Italian firms

MANILA, Philippines — The Philippine government has pitched potential projects under the Luzon Economic Corridor (LEC) to Italian companies interested in investing in infrastructure, technology, and other strategic sectors. This is according to the Department of Finance (DOF), which said it presented potential projects where 10 Italian companies could contribute through financing, technical assistance, technology

BIR: Senior citizen discount burden to be shared among drugstores, pharmas, supermarkets

Oct 17, 2026

BIR: Senior citizen discount burden to be shared among drugstores, pharmas, supermarkets

The Bureau of Internal Revenue has released new rules to make it fairer for drugstores, supermarkets, and pharmaceutical companies when they give discounts to senior citizens.

Value-Up Arrives in ASEAN: Six Markets Competing to Narrow the Gap

Oct 16, 2026

Value-Up Arrives in ASEAN: Six Markets Competing to Narrow the Gap

ASEAN is adapting Japan and Korea’s corporate value-up models to improve governance, disclosure, and investor participation. Countries like Singapore, Malaysia, Thailand, Indonesia, Philippines, and Vietnam are implementing various value-up programs. The goals are similar: better shareholder returns, governance, and investability. Companies can enhance visibility and access to capital by improving capital allocation, shareholder returns, and […]

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