The Land Bank of the Philippines (LandBank) is rolling out a P1-billion lending program to empower countryside financial institutions (CFIs) to digitalize their banking operations.

The Department of Agriculture (DA) has prepared a list of priorities in agriculture for the first 100 days of the incoming Marcos Jr. administration as part of the agencys transition document. Agriculture Secretary William Dar presented the list of priorities as he discussed updates on the major DA programs and projects amid the challenges confronting the Philippine agriculture sector. #In60words...

PLDT and their wireless unit Smart Communications, Inc. (Smart) said they had doubled their efforts to protect customers against smishing during the first five months of 2022. #In60words

Real estate activity will likely pick up as the country moves towards more positive developments from post-pandemic recovery initiatives and anticipates more clarity as economic agendas and housing plans from the new administration roll out.

The Department of Agriculture (DA) is massively promoting the use of Bio N, a microbial-based fertilizer, amid increasing prices of chemical fertilizers that were worsened by the Russia-Ukraine war. Available in 200-gram sachets, Bio N contains organisms capable of converting nitrogen from the air into ammonium nitrogen in the soil. #In60words...

German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system, the federal transport authority (KBA) said.

Filipino consumers entered the second quarter of the year with a less upbeat outlook, no thanks to rising prices squeezing household budgets. The overall consumer confidence index (CI) declined to 6.4 percent for the second quarter from 9.3 percent recorded in the final three months of last year, the Bangko Sentral ng Pilipinas reported. #In60words

The Bureau of Customs (BOC) announced they have surpassed its May 2022 target collection by 20.8% or P11.767 billion, with an actual collection of P68.245 B against the P56.478-billion target collection. #In60words

Bank lending posted double-digit growth for the first time in nearly two years in April as looser pandemic curbs stimulate credit activities in the economy. Data from the Bangko Sentral ng Pilipinas shows outstanding loans of big banks, excluding lending to each other, grew at a faster rate of 10.1 percent year-on-year in April from 8.9 percent in March. #In60words...

The Asian Development Bank (ADB) has approved a 250 million policy-based loan to support the Philippines in its climate change adaptation and mitigation efforts.

Globe Telecoms on Tuesday said that they had blocked a total of 142,575 smishing messages or text scams in February and March this year, using its proactive filter system that successfully detects unwanted messages linked to fraud in their network.

More than a thousand sacked Thai garment workers who made bras at a factory supplying lingerie giant Victoria's Secret have received a landmark 8.3 million settlement, labour rights activists said Saturday.

The Bangko Sentral ng Pilipinas (BSP) said Friday it commends both chambers of Congress for ratifying the Bicameral Conference Report on a measure repealing the Agri-Agra Law. The bicameral body harmonized the conflicting provisions of Senate Bill No. 2494 and House Bill No. 6134, entitled The Agriculture, Fisheries, and Rural Development Financing Enhancement Act of 2022. #In60words...

Land Bank of the Philippines (LandBank) announced that its cardholders may transact at ATMs in selected 7-Eleven convenience stores any time without fees. Using LandBank Cash Cards, Regular ATM Cards, and Debit Cards, LandBank cardholders can perform cash withdrawal and balance inquiry for free from over 1,500 7-Eleven ATMs, initially available in Metro Manila, Calabarzon, Pampanga, Bataan and Cebu starting May 23....

Globe Telecoms announced on Wednesday that they are targeting about 1,700 new cell sites before the year-end, for a wider reach, better communication and faster internet connections.