Who is Victor Limlingan, the new SSS chief?

GMA Network - Oct 16, 2026

President Ferdinand “Bongbong” Marcos Jr. has appointed a finance veteran to take the helm of private sector workers" pension fund, Social Security System (SSS).

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Leaving portfolio decisions to the professionals

Oct 16, 2026

Leaving portfolio decisions to the professionals

[The content of this article has been produced by our advertising partner.] For anyone with a smartphone, market information is rarely far away. Market prices, company news, economic data and analysis can all be pulled up in just seconds. But access to information does not necessarily make the next investment decision any easier. A June 2026 HSBC survey of more than 1,200 affluent and high-net-worth investors in Hong Kong found that 60 per cent said a financial professional or institution had...

Peso sinks past 63:$1 for the first time

Oct 16, 2026

Peso sinks past 63:$1 for the first time

MANILA, Philippines — Expectations of higher US interest rates bolstered the greenback and dragged the Philippine peso past 63 per dollar for the first time on Thursday, putting the spotlight on how the Bangko Sentral ng Pilipinas (BSP) will respond to stubbornly high inflation and currency volatility. The peso lost 19 centavos from its previous

Overseas Filipino remittances hit 3-month bottom in August

Oct 16, 2026

Overseas Filipino remittances hit 3-month bottom in August

MANILA, Philippines — Money sent home by Filipinos overseas hit a three-month low in August, as remittance growth remained modest amid geopolitical risks facing migrant workers abroad. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that cash remittances coursed through banks grew 1.9 percent from a year earlier to $3.03 billion. This marked the

Domestic flyers lift Cebu Pacific in lean September

Oct 16, 2026

Domestic flyers lift Cebu Pacific in lean September

MANILA, Philippines — Cebu Pacific managed to grow its passenger traffic in the traditionally lean month of September, thanks to its larger domestic network, which delivered enough growth to offset a decline in international travel. The low-cost carrier disclosed on Thursday that passenger traffic rose by 4.4 percent to 1.91 million in September from 1.83

UPS launches $80-m hub at Clark International Airport

Oct 16, 2026

UPS launches $80-m hub at Clark International Airport

CLARK, Pampanga—United Parcel Service Co. (UPS) has brought its $80-million in a new hub at Clark International Airport as it continues to strengthen its logistics network across Asia Pacific. The global logistics and supply chain solutions provider said the expanded Clark hub, its largest investment in the Philippines and one of the biggest in the

Philex Mining settles with labor union on CBA dispute

Oct 16, 2026

Philex Mining settles with labor union on CBA dispute

MANILA, Philippines — Philex Mining Corp. has resolved a labor dispute with union workers at its Padcal mine site in Benguet, ending a days-long strike over a collective bargaining agreement (CBA). The mining company, led by Manuel Pangilinan, informed the local bourse that it signed a settlement agreement with the National Mines and Allied Workers

Leaders should stress-test the core business before the market does

Oct 16, 2026

Leaders should stress-test the core business before the market does

MANILA, Philippines — When business leaders discuss strategic risk, they usually focus on what is new: the startup investment, cross-border acquisition, digital transformation or multibillion-peso capital proposal. They ask probing questions because the future is unproven. But what about the core business that is already making money? It has paying customers, steady revenues, a long

Cebu’s tourism boom goes off the beaten path

Oct 16, 2026

Cebu’s tourism boom goes off the beaten path

MANILA, Philippines — Major investments are pushing Cebu’s tourism and commercial activity beyond its familiar and better-known tourism districts, giving travelers more reasons to stay in areas that businesses once overlooked. Changes in economic activity have gradually redrawn Cebu’s hotel map, with hotel operators following travelers beyond established hubs. READ: Cebu tourism steady, modest growth driven

BIZ BUZZ: ‘Sec. Turo’ out to reclaim old throne

Oct 16, 2026

BIZ BUZZ: ‘Sec. Turo’ out to reclaim old throne

MANILA, Philippines — There seems to be no end in sight to the changes in the Cabinet, even as the Marcos administration approaches the end of its term. This week alone saw Dave Gomez replaced by Lino Cayetano as head of the Presidential Communications Office and Robert de Claro transferred from the Social Security System

BOC sets up office for domestic stakeholder affairs

Oct 16, 2026

BOC sets up office for domestic stakeholder affairs

MANILA, Philippines — The Bureau of Customs (BOC) is tightening its oversight of engagements with government agencies, business groups, and other stakeholders through a new office that coordinates partnerships and monitors their implementation. Under Customs Memorandum Order No. 17-2026, the BOC created the Customs Local Affairs Office (CLAO) to institutionalize a framework for domestic stakeholder

Shenzhen Airlines moves to expand PH presence

Oct 16, 2026

Shenzhen Airlines moves to expand PH presence

MANILA, Philippines — Shenzhen Airlines is seeking regulatory approval to expand its operations in the Philippines, as China’s fifth-largest airline looks to capitalize on growing travel demand between the two Asian countries. According to a notice posted by the Civil Aeronautics Board (CAB), the Chinese carrier has applied for a foreign air carrier permit that would

DA seeks tollway help for farmers, consumers

Oct 16, 2026

DA seeks tollway help for farmers, consumers

MANILA, Philippines — The Department of Agriculture (DA) is seeking more support from tollway operators for an initiative to ease the impact of rising fuel costs on the farm sector and Filipino consumers. The agency refers to the rebate program for trucks transporting agricultural products, under which qualified beneficiaries can receive toll discounts. READ: Toll fees

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