PhilWeb Corp. secured a strategic equity investment of about ₱2.03 billion from businessman Lance Y. Gokongwei, giving the listed technology firm fresh capital to accelerate its expansion into artificial intelligence-powered gaming infrastructure and compliance systems. The deal, executed...
Filipino households are rushing to install rooftop solar systems in response to some of Southeast Asia’s highest electricity prices, propelling the Philippines to the top of global spending on solar panels since conflict in the Middle East began earlier this year. Power distributor Manila...
The Government Service Insurance System has set aside an initial ₱69.1 million in loss reserves to cover potential insurance claims from government properties damaged in the magnitude 7.8 earthquake that struck parts of Mindanao in early June, even as the state pension fund installs a new...
Local governments in the Philippines are poised to receive a record P1.32 trillion from national tax collections in 2027, reinforcing President Ferdinand Marcos Jr.'s push to position provinces, cities, municipalities and barangays as central partners in delivering public services. The National...
China escalated its criticism of planned maritime boundary talks between Japan and the Philippines, issuing a legal opinion that says the proposed delimitation in waters east of Taiwan “constitutes a severe violation of international law” and an “internationally wrongful act.” The document,...
Digital money transfers in the Philippines are getting cheaper as banks and e-wallets cut or waive fees to comply with new pricing rules from the Bangko Sentral ng Pilipinas (BSP). The central bank said it expects more financial institutions to lower or scrap person-to-person digital transfer...
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is moving toward a new phase of expansion, with member economies agreeing to start preparatory discussions on potential accession by the Philippines, Indonesia and the United Arab Emirates. The decision was taken at the...
The impeachment pretrial of Philippine Vice President Sara Duterte is nearing completion after stretching into a fifth day, as her defense team and House prosecutors moved to finalize the painstaking marking of thousands of pages of documentary evidence. The pretrial conference, which began on...
The Philippines’ Bureau of Customs is ramping up its campaign against illicit trade after intercepting an estimated ₱980 million worth of illicit cigarettes hidden in 25 container vans at a private wharf in Mandaue City, Cebu. Customs Commissioner Ariel Nepomuceno framed the latest seizure as...
The Philippine Senate opened the impeachment trial of Vice President Sara Duterte on Monday under a cloud of procedural disputes and questions over unity in the chamber, even as Senate President Sherwin Gatchalian vowed to uphold the institution’s integrity. The trial, the first impeachment...
