Cash remittances coursed through banks increased by 2.9% to $2.658 billion in May, the Philippine central bank said. — REUTERS/DADO RUVIC/ILLUSTRATIONBy Luisa Maria Jacinta C. Jocson, Senior Reporter MONEY SENT HOME by overseas Filipino workers (OFWs) rose by an annual 2.9% in May, although the

People fill out application forms at a job fair in Valenzuela City, June 27, 2025. — PHILIPPINE STAR/MIGUEL DE GUZMANREFORMS to enhance job creation and quality could propel Philippine economic growth to close to 7% and transform it into a middle-class economy by 2040, the

President Ferdinand R. Marcos, Jr. has approved the proposed P6.793-trillion national budget for 2026. — NOEL B. PABALATE/PPA POOLBy Chloe Mari A. Hufana, ReporterPHILIPPINE President Ferdinand R. Marcos, Jr. on Tuesday approved the proposed P6.793-trillion national budget for 2026 that the Executive branch will submit

BW FILE PHOTOTHE BANGKO SENTRAL ng Pilipinas (BSP) is planning to issue a draft circular within the year to establish guidelines to assess the “digital centricity” of smaller banks.“We just want to provide a level playing field because there are digital banks, and there are

SAN MIGUEL GLOBAL POWER THE COURT OF APPEALS (CA) has directed the Energy Regulatory Commission (ERC) to act on the request for price adjustments filed by San Miguel Global Power Holdings Corp. (SMGP) in 2022.In a disclosure to the Philippine Dealing & Exchange Corp. on

1 of 2THE Ortigas Art Festival (OAF) is back to bring art to a wider audience, mounting its exhibits for the first time in GH Mall, Greenhills, San Juan City.The festival’s 8th edition runs until July 24 at the east and south wings of GH

Pru Life UK Head of Brand & Integrated Marketing Communications Kathryn Cajucom (middle) and Assistant Manager for Corporate Communications Lalaine Almazan (right) received the International Life Insurer of the Year-Philippines recognition from Insurance Asia Awards.Pru Life UK has claimed its fifth straight victory as International

HANOI HIGHWAY BOT STATION — ASHLEY ERIKA O. JOSEMETRO PACIFIC Tollways Corp. (MPTC), through CII Bridges and Roads Investments Joint Stock Co. (CII), is targeting to begin the expansion of the nearly $1.6-billion Ho Chi Minh City – Trung Luong – My Thuan Expressway by

FILINVESTGROUP.COMGOTIANUN-LED conglomerate Filinvest Development Corp. (FDC) has secured approval from the Philippine Stock Exchange, Inc. (PSE) for its planned P8-billion preferred share offering.The PSE approved FDC’s follow-on offering of up to 8 million Series A and Series B preferred shares, both priced at P1,000 per

PHILIPPINE STAR/RYAN BALDEMOR(Part 2)If we factor into the total overseas Filipino workers (OFW) remittances what the returning workers bring with them in actual foreign exchange (and not to mention the goods in kind called pasalubong), it is estimated that total annual flow is already more

ABOITIZ INFRACAPITALABOUT 60 hectares (ha) of Aboitiz InfraCapital, Inc.’s (AIC) TARI Estate in Tarlac City have been sold, accounting for around 74% of the industrial development’s Phase 1 inventory, the company said on Tuesday.The sales reflect rising demand for industrial locations north of Metro Manila,

BW FILE PHOTOTHE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday as strong investor demand caused its average yield to decline.The Bureau of the Treasury (BTr) raised P25 billion as planned from its offering of reissued 10-year bonds