Marcos talks to Grab CEO on transportation upgrade

THE PHILIPPINES could generate about 500,000 jobs after getting an investment commitment from Grab Holdings, Inc., according to the presidential palace. President Ferdinand R. Marcos, Jr. met with Grab officials on Thursday to discuss the company’s recommendations on how to modernize Philippine transportation, the Presidential Communications Office (PCO) said in a statement. During the meeting, […]

ECCP: PHL to attract ‘billions’ after easing investment caps

THE European Chamber of Commerce of the Philippines (ECCP) is expecting the Philippines to attract “billions” worth of investments after various industries were cleared to receive up to 100% foreign ownership. ECCP President Lars Wittig said at a launch of event in Makati City on Thursday that the group is expecting “billions of dollars” worth of […]

Journalists still in danger of being killed, harassed under Marcos gov’t, says CPJ

By John Victor D. Ordoñez, Reporter FILIPINO journalists remained at risk of getting killed and harassed under the government of President Ferdinand R. Marcos, Jr., according to the New York-based Committee to Protect Journalists (CPJ). “All four of the murders in the Philippines were of radio journalists covering local politics, highlighting the dangers faced by […]

Landbank, Israel Embassy explore partnership to boost PH development

TO FURTHER strengthen bilateral relations between the Philippines and Israel, the Land Bank of the Philippines (Landbank) and the Israel Embassy explored possible areas of collaboration to advance economic development in the country. Israeli Ambassador to the Philippines Ilan Fluss and Landbank president and chief executive officer Cecilia Borromeo in a meeting discussed Israel’s modern […]

Glencore interested in expanding PHL in-country mineral processing

SWISS multinational Glencore plc is hoping to support Philippine plans to expand in-country mineral processing, Trade Assistant Secretary Glenn G. Peñaranda said. In a briefing on Monday, Mr. Peñaranda said: “Glencore is involved in the processing of our minerals. This is important because we are fortunate that the Philippines has a lot of minerals like […]

Philippines, US in talks on holding ‘2-plus-2 meeting’ -envoy

MANILA – The Philippines and the United States are in talks about holding a “2-plus-2 meeting” of top diplomatic and defense officials as early as March, the Philippine ambassador to Washington said on Friday. In a text message, Jose Manuel Romualdez confirmed a Nikkei report citing sources on the discussions about holding the first such talks in seven […]

It’s GoTyme: Mambu enables Tyme Group to ‘lift and shift’ South African TymeBank digital banking concept into Asia

SINGAPORE, January 17, 2023 – (SEAPRWire) – Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu to deliver an innovative digital banking solution that is aiming to improve access to high-quality financial services for Filipinos. Singapore-based Tyme Group, which has partnered with Gokongwei Group to launch GoTyme Bank in the Philippines, has had […]

Low-cost housing industry grapples with issues of affordability, efficiency

THE bottom line in providing low-cost housing is affordability, with Habitat for Humanity Philippines citing the wide gap between the pricing of affordable units and what the typical buyer can afford. “The national and local governments, private, non-governmental organizations and contractors (must collaborate)” to produce an outcome where, “instead of one family covering the P855,000 […]

Philippines’ DFA calls out Ukraine envoy for bad diplomatic practice

THE PHILIPPINES on Thursday called out a Ukraine envoy for telling Filipino journalists that Manila had not responded to Kyiv’s request for a phone call between President Volodymyr Zelensky and Philippine President Ferdinand R. Marcos, Jr. What Denys Mykhailiuk, counselor of the Ukraine Embassy in Malaysia, did recently was “not good diplomatic practice,” Philippines’ Foreign […]

South Korea provides $1.28-M fund for 5 PHL projects under BIMP-EAGA support program 

SOUTH KOREA will fund five projects worth $1.28 million (P70.58 million) in southern Philippines under a program that supports development within the special economic grouping covering Brunei Darussalam, Indonesia, Malaysia, the Philippines.   The Mindanao Development Authority (MinDA), in a statement on Friday, said the five projects are among the 10 approved under the four-country East […]

Analysts wary of Philippine deals with China

By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINES and China inked 14 bilateral agreements covering infrastructure, agriculture, trade, and tourism, among others, during President Ferdinand R. Marcos, Jr.’s meeting with Chinese President Xi Jinping on Wednesday. But the implications of these bilateral deals should be studied carefully given the Philippines’ ongoing sea dispute with China […]