BDO Unibank urges its clients and the general public to be cautious of text or email messages that spread fake information, incite panic, and prompt hasty actions, such as clicking on included links. In a statement, it said fraudulent messages may come from unknown 11-digit numbers or email senders, or they may even appear to…
Tourism Secretary Christina Garcia Frasco (left) met with executives of Philippine Plaza Holdings Inc., owner of Sofitel Philippine Plaza, on May 13 to discuss the 600-room hotel’s closure on July 1. At right is PPHI President Esteban Peña Sy. (DOT photo) MANILA – The closure of the iconic Sofitel Philippine Plaza would be a “significant loss”…
BDO Unibank Inc. (BDO) received the Global Good Governance Award for 3G Green Innovation and Solution category for Green Bond Framework, reaffirming the Bank’s commitment to sustainability and responsible financing.
The Philippines will co-host the 6th Indo-Pacific Business Forum (IPBF) with the United States next month. The forum is the US government’s premier commercial event in the region. In a document shared by the Department of Trade and Industry (DTI), the IPBF on May 21 will gather some 500 participants composed of senior government officials, industry experts, and other stakeholders across the region. It…
The Board of Investments (BOI) has registered P607.22 billion worth of investment projects from January to April 17 this year. BOI Director Sandra Marie Recolizado said the figure is almost half of the registered projects for the full year of 2023, valued at P1.26 trillion. She told media reporters the approved investments during the past four months was 15% higher than the P527.24 billion posted during the…
DISASTER RESPONSE. World Bank Group managing director Anna Bjerde (left) and Finance Secretary Ralph Recto sign the Rapid Response Option agreement on April 20, 2024 in Washington, DC. The Philippines is the first country to sign the agreement with the World Bank. (Photo courtesy of DOF) MANILA – The Philippines recently signed the Rapid Response Option (RRO) agreement…
MANILA – The Philippine Economic Zone Authority (PEZA) has registered 23 new projects worth PHP15 billion in April 2024 alone. The investment approvals for this month were higher than the total project registrations from January to March 2024 amounting to PHP14.95 billion. In a statement Monday, PEZA reported that the 23 new projects registered with the…
National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon told media they hope to double their Innovation Fund to P200 million next year from their current P100 million outlay. Edillon shared the information with reporters on the sidelines of the 2024 National Innovation Day Celebration at the Novotel Manila Araneta City in Quezon City. She said that aside from…
The World Bank has retained its 2024 Philippine economic growth forecast at 5.8% and expects the country to be the second fastest-growing economy in East Asia and in the Asia-Pacific region. In its April 2024 East Asia and Pacific Economic Update report, World Bank revised upward its 2025 Philippine economic growth forecast to 5.9% from the earlier 5.8% projection. The report showed that the Philippines and…
INVESTMENT CLIMATE. House Deputy Majority Leader and Iloilo 1st District Rep. Janette Garin responds to media queries during a press conference on Monday (April 1, 2024). She said the overall investment climate in the Philippines is improving. (Photo courtesy of House Press and Public Affairs Bureau) House Deputy Majority Leader and Iloilo 1st District Rep. Janette Garin has…
