The Sy family-controlled Banco de Oro Unibank Inc. (BDO), the country’s largest bank, has waived fees for InstaPay and PESONet transfers made through its BDO Online and BDO Pay platforms, joining a growing number of Philippine banks removing charges for digital fund transfers.
The government has approved four major public investment projects aimed at improving public transport, expanding access to technical skills, unlocking clean energy investments and strengthening disaster resilience.
The Philippines is stepping up efforts to streamline trade processes and reduce bureaucratic hurdles as the government advances digital reforms aimed at improving the country's competitiveness and ease of doing business.
The Philippines and Japan have agreed to overhaul a decades-old tax treaty, removing a key friction point for businesses as Manila pushes to attract more foreign capital and deepen ties with one of its largest investors.
The Philippine government is exploring partnerships with the Asian Infrastructure Investment Bank (AIIB) in digitalization and energy as part of efforts to improve the country’s business environment and accelerate economic growth.
The Bureau of Customs (BOC) has extended the validity of importer accreditation to three years and reduced associated fees, in a move aimed at streamlining trade processes, cutting compliance costs, and supporting the steady flow of goods into the country.
The Bureau of Customs delivered a record P239 billion in first-quarter collections, with revenues partly boosted by the auction of seized luxury vehicles owned by the Discaya family tied to flood control projects.
CEBU CITY — The Philippines is seeking to cancel unused portions of the funding for the Cebu Bus Rapid Transit (CBRT) project, with its closing date now less than six months away.
Finance Secretary Frederick D. Go has secured fresh Japanese funding to accelerate two major infrastructure projects aimed at easing congestion in Metro Manila and unlocking growth in Mindanao.