Daily Business News

BSP formalized digital bank recognization, categorization

The Bangko Sentral ng Pilipinas (BSP) has approved the recognition of digital banks, creating a new category for them that is separate and distinct from...

Philippine Airlines seeks debt restructuring amid Covid struggle

Flag-carrier Philippine Airlines (PAL), further reeling from the coronavirus disease 2019 (Covid-19) pandemic, is seeking a restructuring of its huge debts amid the massive...

Moody’s unit warns of hardships for less-skilled workers after Covid pandemic

Moody’s Investors Service is warning that less-skilled workers face bleak job prospects in the post-coronavirus disease 2019 (Covid-19) era, particularly in the Asia-Pacific region...

DTI launches ‘Make it Happen in the Philippines’ campaign to attract more investments

The Department of Trade and Industry (DTI) formally launched on Tuesday the “Make It Happen in the Philippines” campaign to promote and attract more...

DPB aiming to raise P5 billion from latest bond offering

State-owned Development Bank of the Philippines (DBP) is targeting to raise a minimum of P5 billion from its second issuance of Peso-denominated bonds, of which the...

AirAsia, PAL to resume flights to Bohol

Budget carrier AirAsia Philippines and flag-carrier Philippine Airlines (PAL) will resume their flights between Manila and Bohol on December 1 and November 2, respectively, Both...

Globe aiming for 80-percent fifth-generation coverage in Metro Manila

Globe Telecom is aiming to have around 80 percent of Metro Manila covered with its fifth-generation network by the end of 2020. The telecom firm said...

SMC plans 200-MW solar facility in Bulacan to power its P740-B airport project

San Miguel Corporation (SMC) is planning to build a 200-megwatt solar farm on its 2,500-hectare property in Bulacan to help power its P740-billion New...

Business group pushes for realization of RCEP

One of the most influential business groups in the Philippines is pushing for the immediate ratification by the Philippine government of the Regional Comprehensive Economic Partnership...