The listing of Maynilad Water Services Inc. at the Philippine Stock Exchange, following its ₱34.33 billion initial public offering, is expected to inject renewed interest into the local equities market and propel the growth of the benchmark index by approximately 10 percent from its current...
The Philippines registered a 73 percent increase in personal data leaks from July to September, as scammers continue to exploit the country’s vulnerable cybersecurity systems, according to Viettel Cyber Security. Based on the firm’s report on the country’s cyber threat landscape, Viettel said...
In a move set to modernize and speed up service delivery, the Social Security System (SSS) has launched the MySSS Card, a new functional ID that also acts as a fully operational debit card. Robert Joseph Montes De Claro, SSS president and chief executive officer, said the MySSS Card is dual purpose...
Asia United Bank’s (AUB) e-wallet HelloMoney is targeting to grow its users to as many as 6.5 million by end-2025, riding on a new partnership with digital life insurer Singlife Philippines and a recent tie-up with the state-run Social Security System (SSS). “Last year, we had about five...
State insurers Social Security System (SSS) and Government Service Insurance System (GSIS) have offered over ₱10 billion in calamity loans to extend financial aid to members in disaster-hit areas. This follows Department of Finance (DOF) Secretary Ralph G. Recto’s order to government financial...
Security Bank Corp. announced that it will have a new President and CEO starting January, naming Singapore banking veteran Victor Lee Meng Teck as the replacement for Sanjiv Vohra. “He is set to assume the role in early January 2026, following the completion of his work permit, visa, and other...
MALASIQUI, Pangasinan – The head of the Provincial Hospital Management Services Office (PHMSO) in Pangasinan has ordered increased security and restricted access measures within the premises of 14 provincial government-run hospitals. PHMSO head Dr. Tracy Lou Bitoy, in a memorandum issued on...
Security Bank Corp. is planning to raise at least ₱5 billion from its fixed-rate peso bond public offering, which kicked off on Monday, Sept. 22, and will run until Oct. 17, 2025. The bonds will have a minimum issue size of ₱5 billion with an oversubscription option, a tenor of five years, and...
An investigation by the National Police Commission (NAPOLCOM) into a former Highway Patrol Group (HPG) official accused of accepting a P7-million bribe has the full cooperation of the Philippine National Police (PNP). Acting PNP Chief Police Lt. Gen. Jose Melencio Nartatez Jr. said the...
Recognizing the need to ensure the safety of the investigating panel, the Philippine National Police (PNP) announced on Friday, Sept. 19, that it is ready to deploy uniformed personnel to meet the immediate security needs of the Independent Commission for Infrastructure (ICI) as it begins probing...
A recently sacked official of the Department of Public Works and Highways (DPWH) suffered yet another misfortune as the Land Transportation Office (LTO) suspended his driver’s license on Friday, Sept. 19, due to alleged abusive behavior towards a security guard of a gated subdivision. The LTO’s...
The Armed Forces of the Philippines (AFP) clarified on Tuesday, Sept. 16, that its decision to raise the military’s status to red alert was unrelated to President Ferdinand R. Marcos Jr.’s cancellation of his planned trip to New York, United States. AFP spokesperson Colonel Francel Margareth...
