FREEPIKSOME LENDERS behaving like online banks might be required to obtain digital banking licenses to curb arbitrage and improve oversight, the Bangko Sentral ng Pilipinas (BSP) said.“We’re busy right now determining which among the digi-centric institutions that we have right now can already be considered

PRESIDENT Ferdinand R. Marcos, Jr. (left) and Manila Electric Co. (Meralco) Chairman and Chief Executive Officer Manuel V. Pangilinan hold the time capsule during the groundbreaking ceremony of the MTerra Solar Project. Also in photo is Meralco Vice Chairman Lance Y. Gokongwei (right). — PHILIPPINE

Students help teachers clean the classroom at a school in Marikina. — PHILIPPINE STAR/ WALTER BOLLOZOSTHE NUMBER of children working in the country fell by 26% to 1.09 million in 2023, the Philippine Statistics Authority (PSA) said on Wednesday.PSA data showed the number of working

FreepikAccording to recent reports from Leechiu Property Consultants, the economy, which showcases a gross domestic product growth rate of 6.3%, is a significant factor driving property demand in the Philippines. The said figure positions the Philippines as the second fastest-growing economy in the region, just

ACMOBILITYTHE Asian Development Bank (ADB) has approved loans of up to $100 million, or around P5.9 billion, for Ayala Corp. subsidiary AC Mobility Holdings, Inc. (AMHI) to build an electric mobility (e-mobility) ecosystem in the country.The loan application was “approved” on Nov. 20, the multilateral

METRO PACIFIC WATER President and Chief Executive Officer Andrew B. PangilinanBy Sheldeen Joy Talavera, ReporterMETRO Pacific Water (MPW) is deploying new water solutions in Iloilo City to address the increasing demand, according to the company’s president.“We have a long way to go in terms of

FOR THE FIRST nine months, DigiPlus posted a 314% growth in net income to P8.75 billion from P2.1 billion in 2023, led by its retail games, new product offerings, and cost efficiencies. — DIGIPLUS.COM.PHDIGITAL GAMING company DigiPlus Interactive Corp. is nearing its Brazil expansion after

EDDIE ROMERO with his son Joey Romero on a film set.IN 1976, the film Ganito Kami Noon, Paano Kayo Ngayon? by director Eddie Romero – much later proclaimed National Artist for Film – was released, eventually becoming a beloved classic due to its take on

JGSUMMIT.COM.PHROBINSONS Retail Holdings, Inc. (RRHI) targets to ramp up its store openings over the next three to five years as part of its strategic growth initiatives, a company official said.“In the next three to five years, we plan to accelerate our store openings and increase

BW FILE PHOTOTHE Insurance Commission (IC) has stopped issuing provisional licenses to insurance agents to protect consumers from fraud.Only agents with regular licenses may sell policies to the public, Insurance Commissioner Reynaldo A. Regalado said in a circular on Thursday.“Considering the procedure and evaluation period for

PESONet, the country’s trailblazing digital payment system, marks its seventh anniversary with a renewed commitment to transforming how Filipinos send and receive money. Over the past seven years, PESONet has played a vital role in enabling secure, reliable, and efficient electronic funds transfers, making financial

PHILIPPINE STAR/EDD GUMBANTHE Philippine Stock Exchange, Inc. (PSE) saw its third-quarter net income rise by 53% to P242.23 million from P158.14 million last year, driven by higher earnings from its investments.The market operator’s revenue dropped by 11.1% to P320.6 million from P360.47 million a year