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Digital life insurer Singlife Philippines has appointed Allen Reyes, its former CFO, as its new CEO. Reyes, with nearly three decades of experience in finance and insurance, aims to expand Filipinos' access to financial protection through investments in digital insurance and strategic partnerships.
The Bangko Sentral ng Pilipinas (BSP) is advocating for stringent oversight of cryptocurrency transactions, warning that transfers outside regulated channels can hinder authorities' ability to identify individuals involved. BSP Governor emphasized the necessity of transactions through regulated virtual asset service providers (VASPs) and highlighted the risks of anonymous transfers.
The Association of Southeast Asian Nations Plus 3 (ASEAN+3) Macroeconomic Research Office (AMRO) has lowered its economic growth forecast for the Philippines to 3.3% this year, citing high inflation and weak public investment. Projections for up to 2027 were also reduced, falling below government targets.
The Philippines' total rice inventory fell by 8% year-on-year to 1.91 million metric tons in September, amid concerns over El Niño's potential impact on rice production. This decline is expected to strain domestic supply and put further pressure on rice prices.
President Ferdinand "Bongbong" Marcos Jr. shared his childhood aspirations of becoming a musician or a scientist, stating he never envisioned a political career due to observing his father's demanding public life.
The vitality of Philippine democracy is reflected in the openness of its citizens to speak freely, a testament to a vibrant society crucial for national progress, according to Manila Bulletin.
The Philippine Statistics Authority (PSA) in Davao del Sur has processed 116 PhilSys (Philippine Identification System) registration requests for students under the 4Ps (Pantawid Pamilyang Pilipino Program) in Toril. This initiative aims to expand the national ID system and enhance service delivery to beneficiaries.
The Philippine National Police (PNP) has arrested 13 members of the True Brown Style (TBS) group, accused of recruiting minors for criminal activities, since 2024. The Secretary of the Interior and Local Government highlighted TBS's nationwide operations and involvement of minors.
Manulife Investments Philippines advises the Bangko Sentral ng Pilipinas (BSP) to refrain from raising interest rates solely to defend the peso. They suggest focusing monetary policy on inflation control while acknowledging global factors influencing currency weakness.
The Philippines has secured a technical assistance package from the Asian Development Bank (ADB) to bolster its defenses against financial crimes. This aid aims to strengthen anti-money laundering and counter-terrorism financing measures, improve legal and regulatory frameworks, and enhance the capacity of relevant agencies.
Philippines' food and beverage retail sales are projected to grow by a slower 1.6 percent this year due to rising costs and subdued consumer spending, according to a US Department of Agriculture report. The sector is still expected to achieve a 7 percent compound annual growth rate through 2030, but consumers are increasingly price-sensitive.
Aboitiz Power Corp. has sold two of its mothballed power barges to MORE Electric and Power Corp., the utility serving Iloilo City. The transaction comes amid concerns over tight electricity supply in the Visayas region.
Manila Electric Co. (Meralco) reported a 0.7% year-on-year increase in electricity sales to 35,938 gigawatt-hours for the first eight months of the year, driven by customer base expansion despite a slight dip in organic sales.
The National Bureau of Investigation (NBI) has relieved all personnel of its Tarlac district office pending an investigation into alleged extortion activities. The Internal Affairs Division is conducting the probe and has urged the complainant to cooperate.
Customs agents at Ninoy Aquino International Airport (NAIA) seized 73 kilograms of methamphetamine hydrochloride, valued at over P496 million, hidden within industrial machinery originating from Mexico. The operation underscores the agency's commitment to intercepting illicit shipments.
As GCash operator Mynt prepares for an IPO, its immense value is attributed not just to capital but to the 'trust capital' built by 40 million monthly active users. While the IPO allows early investors to exit, the article warns that losing public trust poses the greatest risk.
The Department of Public Works and Highways (DPWH) has launched a P47 million underground drainage expansion and floodwater detention basin project along Roxas Boulevard in Manila to combat persistent flooding on major thoroughfares. Completion is targeted by year-end.
Following the privatization of hydroelectric facilities in Luzon, the Philippine government is moving to assess the value of Mindanao's first coal-fired power plant, preparing for its sale. This move appears to be part of efforts to stabilize and improve the efficiency of energy supply.
The Philippine National Police has identified the remains of 50 individuals who perished in a ferry fire off Coron, Palawan. DNA testing confirmed their identities, while the search for the remaining eight missing persons continues.
A grenade explosion in Isabela, Philippines, killed a grandmother and three children while four others were injured. Police are investigating the origin of the explosive.
The Philippine National Police (PNP) now requires applicants and renewers of firearm licenses to submit a photograph of a safety vault, aiming to ensure secure gun storage. This measure stems from recent school shooting incidents attributed to irresponsible gun owners and strengthens the enforcement of Republic Act 10591.
The Philippine government is advancing plans for a P5-billion international cruise terminal in Manila, with the Philippine Ports Authority (PPA) allocating approximately P41.91 million for consultancy services to conduct a feasibility study. The initiative aims to establish Manila as a premier cruise destination.
Philippine infrastructure spending in July fell 4% year-on-year to P89.6 billion, primarily due to slower disbursements by the Department of Public Works and Highways (DPWH). While other departmental projects provided some cushion, cumulative spending from January to July saw a significant 36% decline.
The Philippine National Police (PNP) reported a nearly 30% decrease in the country's crime volume over the past three months. The PNP chief attributed the drop to strategic police deployment and intensified anti-crime operations.
Ayala Malls, a leading Philippine developer, is accelerating its transition to renewable energy by expanding solar power installations across its shopping centers. This initiative aims to generate tens of millions of kilowatt-hours of clean electricity annually, significantly reducing carbon emissions.
An Army convoy of seven vehicles was ambushed by armed men in Basilan, Philippines, leaving 11 individuals, including a brigade commander, wounded. The attack is believed to be a reprisal by the husband of a slain militant leader.
The Department of Trade and Industry (DTI) in Davao has recorded 290 consumer complaints from the first to the third quarter of this year, as part of its consumer protection initiatives.
Police in Surigao del Sur are intensifying their investigation into the killing of Philip Morales Engbino, 48, a vocal pro-Duterte vlogger and a key contractor for a mining company. The incident occurred on Sunday morning.
House Appropriations Committee chairperson Mikaela Suansing stated that projects in the proposed 2027 national budget have undergone multiple review layers, addressing concerns about alleged duplicate items. She affirmed that the Department of Public Works and Highways (DPWH) and Department of Budget and Management (DBM) conduct initial vetting, with the House committee adding another review stage.
The Department of Science and Technology (DOST) in Davao, Philippines, is strongly advocating for a coordinated, society-wide approach to combat the El Niño phenomenon, urging participation beyond government agencies. The call highlights the critical importance of early warning and preparedness amidst escalating climate change impacts.
The Department of Energy (DOE) has blamed the National Grid Corporation of the Philippines (NGCP) for delays in securing critical ancillary service contracts, leading to recent yellow and red alerts in the Visayas grid. The DOE stated that timely execution of these contracts would have prevented power supply instability and protected consumers.
A female student at Biliran Province State University was taken to the guidance office for allegedly threatening to shoot a teacher. School officials and police responded quickly, containing the situation without any firearm being found.
The House prosecution panel has not yet finalized its decision on dropping the bribery allegation against Philippine Vice President Sara Duterte in her impeachment trial, stating serious inclinations but no formal withdrawal.
Authorities in Cebu City, Philippines, have arrested a mother and her live-in partner for allegedly exploiting their 5-year-old daughter online. The National Bureau of Investigation (NBI) Central Visayas said the suspects were apprehended during a raid. The investigation is also looking into potential links to child sexual abuse and human trafficking.
The Philippine Department of Education has confirmed there will be no nationwide suspension of classes on October 5 and 6. This announcement clarifies the academic schedule, allowing students and educators to prepare for regular school days, dispelling previous rumors of potential cancellations.
An antique brass church bell, a historical artifact, has been stolen from the St. Peter the Apostle Parish in Loboc, Bohol province. Local police and church officials have launched an investigation into the incident.