Day: November 6, 2025

Manila: Philippines-based start-ups remain small relative to their counterparts around the world, but authorities are optimistic that with the right boost, these companies will eventually grow and contribute to the domestic output. Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan, in an interview after the 2025 Presidential Filipinnovation Awards in Pasig City Thursday, said the five winners of the first innovation awards of the government already got a boost through their cash awards and grants that amount to a few hundred thousand to over a million pesos as well as the recognition of their business plans. According to

Manila: Acceptance of more Filipinos, especially the younger generation, of the use of digital payments makes an official of the Bank of the Philippine Islands (BPI) optimistic for a sustained rise in its mobile payment application users to about 5 million by 2026. To date, the number of users of BPI’s digital wallet, VYBE, has reached about 2.3 million. According to Philippines News Agency, Eric Faustino, head of Digital Partnerships and Ecosystems of BPI, said they target to end 2025 with 2.5 million users and to double this by next year. He noted that BPI has gained a considerable number

Manila: Port operations helped boost International Container Terminal Services, Inc.’s (ICTSI) revenues in the first nine months of 2025 to USD2.34 billion, up 16 percent on an annual basis. According to Philippines News Agency, in a disclosure with the Philippine Stock Exchange (PSE) Thursday, ICTSI reported that the net income attributable to equity holders during this period reached USD751.56 million. This financial growth has been attributed to a ‘focus on prudential financial management and delivering value for our shareholders.’ Enrique Razon Jr., ICTSI’s Chair and President, remarked, ‘ICTSI’s excellent performance in the first nine months of 2025 is a testament

Manila: Department of Health (DOH) Secretary Teodoro Herbosa has placed the entire department and all its facilities nationwide under Code Blue Alert due to the widespread impact of Typhoon Tino. In a Facebook post on Thursday, the DOH said the declaration follows President Ferdinand R. Marcos Jr.’s announcement of a national state of calamity. Under the alert status, the DOH, including its regional offices and health facilities, is placed on heightened alert. According to Philippines News Agency, additional health personnel are deployed to evacuation centers and temporary health facilities in areas affected by the typhoon. Medicines, medical supplies, and mobile

Manila: PHINMA Corp. has reported a decrease in its consolidated revenues to PHP16.31 billion in the first nine months of 2025, compared to PHP16.98 billion in the same period last year. The company’s net income also saw a decline, reaching PHP376.04 million, down from PHP609.13 million. According to Philippines News Agency, the education segment played a crucial role in boosting PHINMA’s financial performance. PHINMA Education achieved revenues of PHP5.27 billion and a consolidated net income of PHP1.42 billion, driven by a record enrollment of 177,851 students for the first semester of the school year 2025-2026. The company’s educational institutions include

Baguio city: The Department of Social Welfare and Development (DSWD) -Cordillera Region has activated its quick response teams and prepositioned relief supplies in anticipation of Tropical Storm Fun Wong, which will be named Uwan once it enters the Philippine Area of Responsibility (PAR). Regional Director Maria Aplaten stated that all systems are ready, with food packs, non-food items, kitchen and hygiene kits, and tents on standby for immediate deployment. Mobile kitchens and a command center equipped with free Wi-Fi and charging stations are also being prepared to support affected communities. According to Philippines News Agency, the DSWD-Cordillera has 69,988 family