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Philippines
Thursday, October 17, 2024

Darwin G. Amojelar

BSP cuts key interest rate by 25 basis points to 6.0%

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) reduced its policy rates by 25 basis points Wednesday amid an improving inflation outlook. The...

DOTr announces completion of 53 airport projects

The Department of Transportation (DOTr) said Wednesday it completed 53 airport projects as of August 2024, a significant increase from the 17 airports finished...

PPP projects to boost PH disaster resilience

Public-private partnership (PPP) projects are vital for bolstering disaster resilience in the Philippines, particularly in developing climate-resilient infrastructure, the National Economic and Development Authority...

ABS-CBN retrenches 100 workers

ABS-CBN Corp. said Wednesday it laid off about 100 employees over declining revenue from its television and pay TV operations. The Lopez-led company said it...

PLDT expands Cebu network

PLDT Inc. (PLDT) and its wireless subsidiary Smart Communications Inc. expanded their network coverage in Cebu to further stimulate tourism and local livelihood in...

Cash remittances sustained growth, hit $2.9b in August

Cash remittances, or money sent home by land-based and sea-based overseas Filipino workers (OFWs) through the banking system, reached $2.89 billion in August 2024,...

Converge agrees to connect 600-ha. industrial park

Converge Information and Communications Technology Solutions Inc. (Converge) teamed up with First Philippine Industrial Park (FPIP) to deliver world-class connectivity solutions to the industrial...

Globe replaces copper wire with fiber optic technology in 450 cities, towns

Globe Telecom Inc. said it upgraded 450 cities and towns across the Philippines to fiber-optic technology, reinforcing its commitment to providing top-tier connectivity to...

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