Hong Kong Tops Switzerland in Wealth Management
Hong Kong surpasses Switzerland as the world's largest cross-boundary wealth management center, with $2.9 trillion in assets, driven by mainland capital and strong IPOs.
Category : Corporate News
Over P1M Jewelry Stolen in Cebu City Mall 'Salisi'
Three women stole over P1 million worth of jewelry from a mall store in Colon Street, Cebu City, using the 'salisi' method. Police have identified suspects.
Ayala, Japanese Firms Sign MOUs on Smart Cities, Fintech
Ayala Group and Japanese firms signed MOUs for intelligent urban services, financial inclusion, and data-driven platforms during President Marcos' visit to Japan.
BSP Holds Inaugural Corporate Governance Summit
The Bangko Sentral ng Pilipinas gathered universal, commercial, and digital bank directors for its first Corporate Governance Summit to strengthen oversight amid a rapidly evolving financial landscape.
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Caregiver Nabbed for Theft of Firearm in Cebu City
A 25-year-old caregiver was arrested for stealing a Norinco 9mm pistol from a security agency in Cebu City. He planned to sell the gun and send money to his parents.
Production Firm Seeks P2.07M from Sinulog Foundation
Junjet's Productions demands P2.074 million payment from Sinulog Foundation Inc. for services rendered in 2024, citing nearly two years of unpaid balance.
Junjet's Demands P2M Unpaid Dues from Sinulog Foundation
Junjet's Productions demands P2.074 million in unpaid dues from Sinulog Foundation Inc. for services rendered during Sinulog sa Sugbo Philippines 2024, citing nearly two-year delay.
Cebu Taxi Operators File Petition vs LTFRB Over EV Circular
The United Cebu Taxi Operators Association files a certiorari petition against LTFRB over Memorandum Circular 2026-037, which grants 1,000 EV taxi franchises without due process, favoring foreign operators.
Ombudsman to File Plunder Charges vs Estrada
The Office of the Ombudsman will file plunder and malversation charges against Senator Jinggoy Estrada for alleged involvement in flood control anomalies, with complaints expected by May 28, 2026.
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Study: Better Targeting Needed for PH Electricity Subsidies
A PIDS study recommends improving targeting of electricity subsidies in the Philippines to ensure assistance reaches intended beneficiaries while maintaining fiscal sustainability.
CCTV footage shows kidnapping in Cebu City
A viral CCTV video shows the kidnapping of a businessman and another man in Banilad, Cebu City. Police investigate possible car financing scam.
Former Allied Bank Employees Reunite in Cebu
Former employees and officers of Allied Banking Corporation held their first Cebu Alliedbankers Reunion on May 24, 2026, rekindling friendships and memories.
Fuel Subsidy Program Expanded Nationwide After Pilot
The Philippine government expands its P10-per-liter fuel subsidy nationwide, benefiting over 28,000 PUV drivers with P27.5M in discounts via Landbank.
BOC Auction: 13 Luxury Vehicles Up for Bid Next Week
The Bureau of Customs Port of Manila will auction 13 luxury vehicles on May 29, 2026, including a McLaren Senna valued at P86.7 million.
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GCash Enhances Security with Streamlined Support Channels
GCash, the Philippines' leading finance superapp, enhances user security with streamlined support channels for unauthorized transactions, scams, and account issues.
7 4Ps Beneficiaries Get Condo Units in Davao
Seven beneficiaries of the 4Ps program received socialized condominium units under the Expanded Pambansang Pabahay program in Davao City on May 21, 2026.
Visayan Electric May 2026 Rate: P12.88/kWh
Visayan Electric sets May 2026 residential rate at P12.88/kWh, a P0.31 increase from April due to higher global fuel prices and Visayas Grid alerts.
BIR New Guidelines for Easier Business Closure
The BIR has released Revenue Memorandum Circular No. 47-2026 to simplify business closure and tax registration cancellation, aligning with the Ease of Paying Taxes Act and directives from President Marcos and Finance Secretary Go.
10 Central Visayas Firms Honored as PCCI Business Icons
Ten Central Visayas companies were among 35 Business Icons recognized by PCCI for their contributions to regional development, job generation, and innovation.
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Why Every Child on Board Can Ruin a Family Business
Family businesses often give board seats to all siblings, but without competence, governance suffers. Learn why stewardship must be earned, not inherited.
BingoPlus Night 2026: P100M+ Mega Pool and Luxury Prizes
BingoPlus launches P100M+ Mega Pool promo from May 13-26, offering luxury prizes including Louis Vuitton items, gadgets, hotel stays, and a BMW for VIPs.
20 US Firms Eye Investment in Luzon Economic Corridor
At least 20 US and Middle East firms express interest in investing in the Luzon Economic Corridor's AI hub under Pax Silica, a US flagship program on AI and supply chain security.
Cebu Landmasters Boosts 2026 Capex to P20B
Cebu Landmasters Inc. raises 2026 capex to P20 billion, plans P48B project launches through 2027, and posts strong Q1 earnings despite Middle East conflict risks.
Two Arrested in Cebu City Warehouse Robbery Murder
Two men were arrested for allegedly killing a 19-year-old warehouse caretaker who caught them stealing scrap metal in Cebu City. Police filed robbery with homicide charges.
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7 CIDG Men Fired Over P13M Cash Evidence Theft
Seven former CIDG personnel were dismissed for stealing P13 million from cash evidence seized from an illegal Pogo in Bataan. Lt. Col. Joey Arandia, the cash custodian, was among those fired.
Elderly Woman Scammed of P75K Jewelry in Cebu
A 68-year-old woman lost P75,000 worth of jewelry after being tricked by a group that offered her a ride in Cebu City. The suspects took her rings, necklace, and earrings.
PSAC Hails PhilHealth YAKAP Program Progress
The PSAC Healthcare Sector welcomed PhilHealth's YAKAP and GAMOT programs, noting faster reimbursements, expanded coverage, and reduced financial burden for Filipino families.
Jollibee Q1 net income falls 38.8% on cost pressures
Jollibee Foods Corp. reported a 38.8% decline in first-quarter net income to P1.47 billion, as rising commodity and supply chain costs from Middle East tensions offset double-digit sales growth.
Silent Tensions Undermine Family Businesses
Family businesses often fail not from dramatic crises but from unspoken tensions. Governance structures are key to preventing long-term damage and preserving unity across generations.
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ABS-CBN Responds to Lopez Complaint
ABS-CBN addresses reports of a complaint filed by board director Federico Lopez, calling public accusations painful distractions and urging focus on company recovery.
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