BSP Reviews Banks Not Complying with Transfer Fee Reductions
As the Bangko Sentral ng Pilipinas (BSP) examines compliance reports, banks face scrutiny over their transfer fees. Major players have waived charges, but some remain resistant.
Toyota’s New Halo Car GR GT Set to Launch in the Philippines
Toyota Motor Philippines has confirmed that the GR GT, its flagship sports car, will be available locally. The introduction of this model marks a significant addition to the Philippine automotive market.
BSP Challenges GCash and Maya on P10 Transfer Fees
The Bangko Sentral ng Pilipinas is questioning GCash and Maya over their P10 transfer fees. This comes as banks have begun to eliminate transfer charges, raising expectations for the e-wallets to follow suit.
Subic Port Named Primary Gateway for Pax Silica Trade
The Port of Subic has been designated as the main entry and exit point for Pax Silica trade, enhancing the Philippines' role in the global supply chain for AI and semiconductors. This move is expected to significantly improve logistics and technology investments in the region.
Jollibee's Chickenjoy Wins Best Fast Food Fried Chicken in US for Third Year
For the third consecutive year, Jollibee's Chickenjoy has been named the top fast food fried chicken in the US. This accolade highlights the growing influence of the brand in international markets.
Philippine Airlines Orders 20 New Boeing Aircraft
Philippine Airlines has secured a significant deal with Boeing for 20 new aircraft, marking a major step in the airline's growth strategy. This order is expected to bolster PAL's operations as it adapts to post-pandemic travel demands.
Industrial Flow Solutions Takes Full Control of OverWatch® Pump Manufacturing
Industrial Flow Solutions has officially assumed full manufacturing operations for its OverWatch® Direct In-Line Pump products. This strategic move aims to meet the growing global demand for fluid management solutions.
Limited Tanker Activity in Hormuz Amid Rising Tensions
Tankers entering the Strait of Hormuz have significantly decreased due to heightened conflict in the region. With tensions escalating, oil supply routes face potential disruptions.
Mindanao Innovations Shine at Climate Action Showcase in Makati
Mindanao's unique solutions to climate change were on display at the Climate Action Showcase in Makati, where community-driven innovations from various sectors were highlighted. These inventions not only address environmental challenges but also empower local communities.