Business News
Dealers and banking representatives from Geely Motor Philippines joined more than 1,000 participants from over 100 countries at the 2026 Geely Auto International Business Partner Conference, where the company presented its long-term global expansion plans. The event gathered international partners and senior executives under Geely’s “One Geely” framework, which outlined the brand’s strategy and direction…
Visa and the Bank of the Philippine Islands (BPI) announced a partnership to roll out Visa Direct, a real-time push-payment system designed to speed up and streamline international money transfers for retail users and businesses. The service allows BPI customers to send funds abroad directly to bank accounts, cards, and digital wallets, aiming to simplify…
Most Philippine banks are expected to keep their lending standards unchanged in the second quarter of 2026, signaling continued support for credit expansion even as global uncertainties—particularly tensions in the Middle East—persist. The latest Senior Bank Loan Officers’ Survey (SLOS) released by the Bangko Sentral ng Pilipinas shows that a majority of banks intend to…
Photo by Angie Reyes on Pexels.com The Philippine peso has weakened further moving closer to hit its record low in weeks even as the stock market also fell with waning prospects of a US-Iran peace deal drove oil prices up across the globe. The currency fell by a centavo to Php 60.71 to the dollar, near…
The Philippine Stock Exchange Index (PSEi) extended losses on Friday as investors weighed the Bangko Sentral ng Pilipinas’ latest interest rate hike alongside rising inflation expectations. The benchmark index fell 0.67 percent or 40.32 points to close at 5,943.49, reflecting continued selling pressure across the market. Market sentiment was weighed down after the BSP raised…
Photo courtesy of Joan Bondoc- Philippine News Agency (PNA). Fuel prices are expected to ease further in the next adjustment cycle, with diesel projected to decline by as much as Php 8 to Php 10 per liter, according to industry estimates. The expected rollback comes after several weeks of steep movements in global oil markets,…
Concentrix Philippines rolled out a transport initiative called “Hatid Game-Changers: Biyaheng Bayanihan” as fuel costs continue to strain daily commuting across the country, extending support to employees and partner drivers. The program was introduced as a temporary measure and was designed to complement the company’s existing free Point-to-Point bus service in NCR Plus. Company officials…
Photo courtesy of Bangko Sentral ng Pilipinas. The Bangko Sentral ng Pilipinas (BSP) indicated that it may continue adjusting interest rates if needed to rein in inflation, with Governor Eli Remolona Jr. saying the central bank is prepared to move in gradual but repeated steps. In an interview with Bloomberg, Remolona said policymakers were working…
East West Banking Corporation said it approved a cash dividend payout totaling Php 1.8 billion following improved earnings in 2025. The bank said the dividend, equivalent to Php 0.82 per share, will be given to shareholders on record as of May 11, with payment scheduled on May 29. The announcement was made during the company’s…
Acer is doubling down on its vision of future-ready education, bringing together regional leaders to explore how artificial intelligence can reshape classrooms across Asia Pacific. At the Acer Edu Summit Asia Pacific 2026 held in Jakarta on April 22–23, the technology firm gathered educators, policymakers, and industry players from across the region to exchange ideas…