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The ASEAN 3 Macroeconomic Research Office (AMRO) predicted that the Philippine economy would grow 6.3 percent in 2025, f...
22/01/2025

The ASEAN 3 Macroeconomic Research Office (AMRO) predicted that the Philippine economy would grow 6.3 percent in 2025, faster than the estimated expansion of 5.8 percent in 2024.

The ASEAN 3 Macroeconomic Research Office (AMRO) predicted that the Philippine economy would grow 6.3 percent in 2025, faster than the estimated expansion of 5.8 percent in 2024. It also sees inflati

The joint venture covers the development of a portion of the Misamis Oriental Capitol Compound into a mixed-use complex ...
22/01/2025

The joint venture covers the development of a portion of the Misamis Oriental Capitol Compound into a mixed-use complex with office, commercial, dormitory and a public park, the company said in a disclosure to the Philippine Stock Exchange on Wednesday.

A Brown Co Inc. (ABC) signed a P2.5 billion joint venture with the Misamis Oriental provincial government to develop a new mixed-use estate. The joint venture covers the development of a portion of t

DMCI Homes, the Philippines’ first Quadruple A real estate developer, is hiring over 1,000 skilled workers for its first...
22/01/2025

DMCI Homes, the Philippines’ first Quadruple A real estate developer, is hiring over 1,000 skilled workers for its first residential condominium project in Cebu City, Kalea Heights.

DMCI Homes, the Philippines’ first Quadruple A real estate developer, is hiring over 1,000 skilled workers for its first residential condominium project in Cebu City, Kalea Heights.  The c

The number of constructions from approved building permits in November 2024 reached 12,050, a 2.7-percent decline from 1...
22/01/2025

The number of constructions from approved building permits in November 2024 reached 12,050, a 2.7-percent decline from 12,384 in the same month of 2023. In October 2024, constructions increased 6.0 percent year-on-year.

The number of constructions from approved building permits in November 2024 reached 12,050, a 2.7-percent decline from 12,384 in the same month of 2023. In October 2024, constructions increased 6.0 pe

The Philippine economy is estimated to have grown by 6.2 percent in the fourth quarter of 2024, spurred by strong consum...
20/01/2025

The Philippine economy is estimated to have grown by 6.2 percent in the fourth quarter of 2024, spurred by strong consumer spending and a robust services sector, according to Rizal Commercial Banking Corporation Chief Economist Michael Ricafort. This growth would bring the full-year gross domestic product (GDP) expansion to 5.9 percent.

The Philippine economy is estimated to have grown by 6.2 percent in the fourth quarter of 2024, spurred by strong consumer spending and a robust services sector, according to Rizal Commercial Banking

The increase reflects a rise from PHP30.39 trillion recorded in the same period in 2023, driven by growth across both ba...
20/01/2025

The increase reflects a rise from PHP30.39 trillion recorded in the same period in 2023, driven by growth across both banking and non-bank financial institutions.

The Philippine financial sector's total resources grew by 8.8 percent year-on-year, reaching PHP33.07 trillion by the end of November 2024, according to preliminary data from the Bangko Sentral ng

The Small Business Corporation (SBCorp), the financial arm of the Department of Trade and Industry (DTI), recorded a mil...
20/01/2025

The Small Business Corporation (SBCorp), the financial arm of the Department of Trade and Industry (DTI), recorded a milestone in 2024 by exceeding PHP1 billion in revenue for the first time. This achievement marks a significant increase from its pre-pandemic revenue of PHP359 million in 2019.

The Small Business Corporation (SBCorp), the financial arm of the Department of Trade and Industry (DTI), recorded a milestone in 2024 by exceeding PHP1 billion in revenue for the first time. This ach

The Philippines has partnered with the Republic of Korea to accelerate its digital transformation efforts, the National ...
20/01/2025

The Philippines has partnered with the Republic of Korea to accelerate its digital transformation efforts, the National Economic and Development Authority (NEDA) announced Friday. The collaboration was formalized during the inaugural meeting of the Korean-Philippine Economic Innovation Partnership Program (EIPP) on January 16 at New World Hotel in Makati City.

The Philippines has partnered with the Republic of Korea to accelerate its digital transformation efforts, the National Economic and Development Authority (NEDA) announced Friday. The collaboration wa

Masdar, a state-owned enterprise from the United Arab Emirates (UAE), has solidified plans to invest USD 15 billion in t...
20/01/2025

Masdar, a state-owned enterprise from the United Arab Emirates (UAE), has solidified plans to invest USD 15 billion in the Philippines' renewable energy sector. This milestone was formalized through the signing of an Implementation Agreement with the Department of Energy (DOE) in Abu Dhabi on January 15, 2025.

Masdar, a state-owned enterprise from the United Arab Emirates (UAE), has solidified plans to invest USD 15 billion in the Philippines' renewable energy sector. This milestone was formalized throu

The Department of Finance (DOF) has clarified that the PHP107-billion remittance from the Philippine Deposit Insurance C...
20/01/2025

The Department of Finance (DOF) has clarified that the PHP107-billion remittance from the Philippine Deposit Insurance Corporation (PDIC) to the national government involves unrestricted funds and will not affect the agency’s reserve for deposit insurance.

The Department of Finance (DOF) has clarified that the PHP107-billion remittance from the Philippine Deposit Insurance Corporation (PDIC) to the national government involves unrestricted funds and wil

PHINMA Properties unveiled Solano Hillside Residences, its latest mid-rise condominium development in Sucat, Muntinlupa ...
20/01/2025

PHINMA Properties unveiled Solano Hillside Residences, its latest mid-rise condominium development in Sucat, Muntinlupa City.

The project is designed to provide homes that Filipinos can be proud of, aligned with PHINMA Corporation's mission of making lives better.

PHINMA Properties unveiled Solano Hillside Residences, its latest mid-rise condominium development in Sucat, Muntinlupa City. The project is designed to provide homes that Filipinos can be proud of,

The Philippine information technology and business process management (IT-BPM) industry posted revenues of $38 billion i...
20/01/2025

The Philippine information technology and business process management (IT-BPM) industry posted revenues of $38 billion in 2024, up by 7 percent from $35.5 billion in 2023, according to the IT and Business Process Association of the Philippines (IBPAP).

The Philippine information technology and business process management (IT-BPM) industry posted revenues of $38 billion in 2024, up by 7 percent from $35.5 billion in 2023, according to the IT and Busi

Following the Bases Conversion and Development Authority’s (BCDA) takeover of the Camp John Hay (CJH) in Baguio City fro...
14/01/2025

Following the Bases Conversion and Development Authority’s (BCDA) takeover of the Camp John Hay (CJH) in Baguio City from the private sector, CJH tenants were encouraged to sign new lease contracts with the government-owned and controlled corporation (GOCC) as the latter will grant a fresh 25-year contract that is extendable for another 25 years.

Following the Bases Conversion and Development Authority’s (BCDA) takeover of the Camp John Hay (CJH) in Baguio City from the private sector, CJH tenants were encouraged to sign new lease contra

DBP president and chief executive officer Michael de Jesus said while the bank is expected to meet all minimum capital r...
14/01/2025

DBP president and chief executive officer Michael de Jesus said while the bank is expected to meet all minimum capital ratios this year, there is a need to further increase capital.

The state-owned Development Bank of the Philippines (DBP) is hopeful that the amendments to its charter will be passed within the year, according to a report by Philippine News Agency. DBP

The low-cost airline said it is fully prepared to provide seamless travel to Kalibo, enabling travelers to experience th...
14/01/2025

The low-cost airline said it is fully prepared to provide seamless travel to Kalibo, enabling travelers to experience the festival. The carrier flies between Manila and Kalibo thrice daily.

AirAsia Philippines has prepared several activities as the official airline partner of Ati-Atihan Festival in Kalibo, Aklan, according to a report by Philippine News Agency. Aside from raff

The 2025 Dinagyang Festival is set to dazzle spectators with its latest innovation, the ILOmination Philippine Light Fes...
14/01/2025

The 2025 Dinagyang Festival is set to dazzle spectators with its latest innovation, the ILOmination Philippine Light Festival, featuring a gathering of the country’s top light festivals as part of its annual celebration.

The 2025 Dinagyang Festival is set to dazzle spectators with its latest innovation, the ILOmination Philippine Light Festival, featuring a gathering of the country’s top light festivals as part

Speaking to reporters on the sidelines of the 2025 Annual Reception for the Banking Community at the Bangko Sentral ng P...
14/01/2025

Speaking to reporters on the sidelines of the 2025 Annual Reception for the Banking Community at the Bangko Sentral ng Pilipinas (BSP) office in Manila over the weekend, LandBank president and chief executive officer Lynette Ortiz said they are hoping to secure all approvals for the possible onshore bonds issuance this year.

State-run Land Bank of the Philippines (LandBank) said it is eyeing to raise at least PHP10 billion from bond issuance this year, according to a report by Philippine News Agency. Speaking t

Cebu Landmasters Inc., a listed real estate developer focused in the Visayas and Mindanao, is venturing into co-working ...
14/01/2025

Cebu Landmasters Inc., a listed real estate developer focused in the Visayas and Mindanao, is venturing into co-working spaces as part of the company’s business diversification initiatives.

Cebu Landmasters Inc. (CLI), a listed real estate developer focused in the Visayas and Mindanao, is venturing into co-working spaces as part of the company’s business diversification initiatives

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