Finance Secretary Ralph Recto represents President Ferdinand R. Marcos and heads the Philippine delegation to the World Economic Forum (WEF) this year in Davos, Switzerland House Speaker Martin Romualdez said the Philippine delegation to the WEF 2025 aims to secure sustained investments in the country to enhance its competitiveness, efficiency and sustainability. “Our participation in…
By Anna Leah Gonzales The International Monetary Fund (IMF) sees Philippine economic growth to moderately pick up in 2024 to 2025, backed by lower inflation and the gradual easing of the country’s monetary policy. “Growth is expected to accelerate in 2024-25, supported by disinflation, and gradually declining borrowing costs as monetary policy normalizes,” stated a…
Philippine Economic Zone Authority (PEZA) Director General Tereso Panga wants to double the country’s number of registered economic zones next year. In a recent press briefing of the Department of Trade and Industry (DTI), Panga said PEZA eyes at an additional 30 ecozones that can be decided in 2025. He said many developers want to…
By Kris Crismundo Automotive vehicle sales in November 2024 rose by 8.5 percent year-on-year, reaching 40,898 units compared to 37,683 units in November 2023. The Chamber of Automotive Manufacturers, Inc. (CAMPI) and Truck Manufacturers Association attribute the growth figure primarily to hikes in commercial vehicle sales, which increased by 10.5 percent to 31,062 units from…
AF Payments, Inc. collaborates with GHL Systems Philippines to enable beep™ card acceptance at GHL-operated payment terminals nationwide. In photo from left: AF Payments, Inc. representatives: Sharon Fong (Chief Commercial Officer) and Jonathan Juan “JJ” Moreno (President & CEO) with GHL Systems Philippines Inc. representatives Jay Tirona (CEO), Michelle “Miru” Bulanhagui (VP – Corporate Sales…
From left: Dr. Kenji M. Asano, Jr., MOHS senior vice president and group chief financial officer; Remedios A. Rivera, Remed chairman and president; and Michael B. Hortaleza, MOHS chairman and chief executive officer and Jocelyn M. Aberin, Remed vice president for operations In pursuit of its strategy of vertical integration of its flagship healthcare and…
MANILA – Ayala Corporation (Ayala) has secured a senior long-term loan facility amounting to $200 million from Metropolitan Bank & Trust Company (Metrobank), marking another milestone in a relationship that has spanned more than three decades. The loan facility supports Ayala’s strategic financing initiatives for its ongoing commitments and investments in emerging portfolios, namely, technology…
beep™ operator AF Payments, Inc. (AFPI) and the Clark Development Corporation (CDC) launch the Clark Loop bus operations with a fully cashless Automated Fare Collection System. Gracing the event are Sharon Fong, COO – AFPI; Joshua “Jake” Bingcang, Pres. and CEO – Bases Conversion and Development Authority (BCDA); Jesus Ferdinand “Andy” Ortega, Undersecretary for Road…
In Photo: Candice Lee, Manager of Institutional Banking of BDO Singapore; and Sonny Marpuri, First Vice President and Head of Accounting & HR of BDO Singapore received BDO Capital’s awards from Nick Atkinson, Contributing Editor of Asian Banking & Finance magazine. BDO Capital won the Corporate and Investment Bank of the Year, Project Infrastructure Finance Deal of the…
BDO Unibank has introduced a new, easy-to-remember hotline number to streamline customer support across the Philippines. Clients can now reach banking assistance anytime via the updated 24/7 hotline at (+632) 8888-0000. For those using PLDT or Globe landlines, the domestic toll-free number is #8888-0000, while international clients can contact the bank at +800-8-CALLBDO (2255-236). The revamped hotline…
