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BPI Sinag, one of BPI Foundation’s social innovation platforms, continues to empower social entrepreneurs in the Philippines.

Korean manufacturing companies in the Philippines are packing up and leaving the country for Vietnam where they see lower costs and an easier way of doing business.

Term deposit rates moved sideways yesterday as banks anticipate a higher demand for cash ahead of the long weekend as well as higher lending, the Bangko Sentral ng Pilipinas said.

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In 2006, more than a decade ago, the highly moving documentary “An Inconvenient Truth” swept the world with its message of global warming and the threat of climate change on Earth.

As another week has quickly passed us by, we are getting closer to the ASEAN Business Awards Gala Night this coming September!

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Mighty Corp., the cigarette company of the Wongchuking family, is looking at a number of options for its 1,200 factory workers, including providing separation packages or transitioning them into the new owner, Japan Tobacco Inc. (JTI), industry sources said.

Just 10 days after the bird flu outbreak in Pampanga, the local poultry industry has lost approximately P1.8 billion in revenue and may not recover anytime soon as the virus has spread to Nueva Ecija, prompting the Department of Agriculture (DA) to delay anew the lifting of the shipment ban nationwide.

The National Grid Corp. of the Philippines (NGCP) has instituted major developments in Mindanao transmission network to aid in launching the region’s Wholesale Electricity Spot Market (WESM).

Power Sector Assets and Liabilities Management Corp. (PSALM) is targeting to rehabilitate the aging 982-megawatt Agus-Pulangi hydroelectric power plants (HEPP) next year to coincide with the oversupply scenario in Mindanao.

The Department of Energy (DOE) will allow private sector to submit unsolicited proposals to develop coal and petroleum contracts, which will then be subjected to a Swiss challenge, effectively replacing the agency’s Philippine Energy Contracting Round (PECR).

The Philippines is enhancing the ease of doing business through the streamlining of processes and strengthening of the integrity of public institutions, Socioeconomic Planning Secretary Ernesto Pernia told the business community in Singapore during the recent Philippine Economic Briefing.

Listed technology company Xurpas Inc. is laying the groundwork to become a successful platform company in the likes of Facebook, Airbnb and Uber.

Ride-sharing company Grab, or MyTaxi.PH, will only accept the applications of accredited drivers of suspended rival Uber Systems Inc. until Monday, August 21.

The Philippines posted its widest balance of payments (BOP) deficit in eight months last July driven by large imports which the Bangko Sentral ng Pilipinas (BSP) maintained is no cause for worry despite a continously weakening peso.

The Philippines continues to counter the recent backlash on the coconut oil industry, deeming it unhealthy and unfit for the heart, as it launches a campaign that will clean up the sector’s name in major markets.

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