The country’s automotive industry has posted 226,279 vehicle units sales in the first half of the current year or 11.8% higher than the 202,415 units recorded in the same period in 2023. The joint report of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) shows that both sales of passenger cars and commercial vehicle segments have increased in…
The Board of Investments (BOI) has approved nearly PHP1 trillion worth of projects in the first six months of the year. In a statement, the agency said the approved projects’ total value amounting to P950 billion is 36% higher than the P698 billion approved in the same period in 2023. The BOI targets P1.3 billion to P1.5…
The Bangko Sentral ng Pilipinas (BSP) has reminded the public to be more vigilant against scams using artificial intelligence (AI) to create or manipulate fake videos and audio to make them appear more believable. “Perpetrators of these fraudulent activities post AI-manipulated content on social media to spread false information about organizations, officials, and persons, including the central…
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)ย received the Global Good Governance Award for 3G Green Innovation and Solution category for Green Bond Framework, reaffirming the Bankโs 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…
