How PSEi member stocks performed — February 2, 2026
Here’s a quick glance at how PSEi stocks fared on Monday, February 2, 2026.
Manufacturing PMI rises to 9-month high in January
PHILIPPINE FACTORY activity in January expanded at its fastest pace in nine months amid an increase in production and new orders, S&P Global said on Monday. Read the full story.
PSEi slips to 6,200 on weak GDP, profit taking
By Alexandria Grace C. Magno
PHILIPPINE EQUITIES retreated to the 6,200 level on Monday as investors reacted to weaker-than-expected economic growth and booked profits ahead of key inflation data.
The benchmark Philippine Stock Exchange index (PSEi) dropped 0.5% or 31.89 points to close at 6,297.08. The broader all-share index fell 2.05% or 73.71 points to 3,509.52.
“The local market declined as concerns over the economy’s momentum weighed on investor sentiment following the dismal GDP (gross domestic product) growth in the fourth quarter,” Philstocks Financial, Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.
Market sentiment turned cautious after data showed the economy expanded by just 3% in the fourth quarter of 2025, slowing from 5.3% a year earlier and 3.9% in the previous quarter.
This was the weakest quarterly growth in almost five years, excluding the pandemic period, and the softest since the global financial crisis-era slowdown in 2009.
Full-year economic growth settled at 4.4%, missing the government’s 5.5% to 6.5% target and easing from 5.7% in 2024. The figures also came in below market forecasts, reinforcing concerns about fading economic momentum.
Investors also took profits after gains in the previous session, while positioning cautiously ahead of the release of January inflation data.
A BusinessWorld survey showed economists expect inflation to remain unchanged at 1.8%, keeping it below the Bangko Sentral ng Pilipinas’ 2% to 4% target.
“The PSEi ended lower amid cautious trading as investors awaited the inflation print,” Luis A. Limlingan, head of sales at Regina Capital Development Corp., said via Viber. He added that sentiment was further dampened by reports of sluggish economic growth and a sharp sell-off in precious metals.
Most sectoral indexes ended lower. Mining and oil stocks plunged 13.6%, dragging the market, while financials fell 2.62%.
Property shares declined 1.17%, industrials dropped 0.6% and holding companies slipped 0.12%. The service index was the lone gainer, rising 1.43%.
Among individual stocks, RL Commercial REIT, Inc. outperformed, climbing 4.85% to P7.57. Bank of the Philippine Islands weighed most on the index, sliding 6.61% to P115.80.
Market breadth was negative, with 128 decliners against 79 advancers, while 56 stocks were unchanged. Trading value fell to P9.11 billion from P14.58 billion in the previous session, reflecting lighter participation.
Foreign investors remained net buyers, with net inflows rising to P291.04 million from P41.01 million on Friday.
The weak growth data have heightened expectations that policymakers may need to provide support to the economy. However, investors remain wary, balancing hopes for monetary easing against uncertainty over the pace of recovery and earnings prospects in the months ahead.
Marcos impeachment raps advance in House panel; VP faces fresh ouster bids
By Kenneth Christiane L. Basilio, Reporter
PROCEEDINGS to remove President Ferdinand R. Marcos, Jr. advanced in the House Justice Committee after lawmakers found the two impeachment complaints against him sufficient in form on Monday, the same day the panel received fresh ouster raps against Vice-President (VP) Sara Duterte-Carpio.
Batangas Rep. Gerville R. Luistro, who chairs the panel, said the committee will determine next whether the complaints against Mr. Marcos have merit and are worthy of a full-blown inquiry.
“When we say sufficiency in form, it merely pertains to the formalities such as verification, notarization and endorsement,” she said in a media briefing after the committee hearing, noting the documents were signed by all complainants, endorsed by congressmen, sworn under oath and based on authentic government records.
“That’s it.”
The panel’s approval of both complaints could raise the political heat on Mr. Marcos, whose administration has struggled to contain the fallout from a widening graft scandal involving substandard or missing flood control projects.
The complaints alleged the President benefited from shady government contracts and allowed corruption to fester through a budget allocation formula for congressional districts, accusing Mr. Marcos of graft, constitutional violations and betrayal of public trust.
Ms. Luistro said the House Justice Committee will assess whether the complaints, separately filed by a private lawyer and activists, justify calls for Mr. Marcos’ removal from office and if the allegations amount to impeachable offenses.
“When we say substance, it should be based on the impeachable official’s wrongdoing, and they must constitute the offense which is a ground for impeachment,” she said. “The recital of facts must constitute an offense.”
The first complaint cites Mr. Marcos allegedly received benefits from the graft scandal, bypassed domestic legal processes by sending former President Rodrigo R. Duterte to The Hague, while also making claims that an independent panel formed to investigate massive corruption shielded his political allies.
A second complaint was filed shortly after the first filing, amid speculations that the initial case was deliberately weak and was intended only to trigger the one-year bar on impeachment proceedings against the same official.
Members of the 39-man House Justice Committee will vote on the impeachment complaints in their entirety, rather than on individual grounds, said Ms. Luistro, meaning a single deficiency could lead to the dismissal of the whole case.
“It depends on the assessment, appreciation and the judgement of the individual member whether they will consider the entirety of the complaint as sufficient in substance,” she said. “When we vote, we treat the complaint as one, not per ground.”
Ms. Luistro said complaints that present a compelling impeachment case against Mr. Marcos would be elevated to full committee hearings to assess their merit, with the President, complainants and their witnesses invited to attend.
Palace Press Officer Clarissa A. Castro said the Palace respects the process but maintained confidence the President did not commit any wrongdoing.
“Even before, the President already said he knows he did nothing wrong, committed no violation of the law and no impeachable offense,” she said in a briefing in Filipino on Monday.
NO ‘EXCUSE TO BE CORRUPT’
Meanwhile, two impeachment complaints were filed against Vice-President Duterte before the same committee, reviving efforts to remove her from office over corruption allegations after a bid last year stalled when the Supreme Court halted its proceedings.
The first complaint, filed by activists affiliated with opposition groups, accused Ms. Duterte of misusing hundreds of millions of pesos in confidential funds, ordering subordinates to falsify reports to conceal alleged misuse, and repeatedly skipping congressional hearings on her office’s budget.
Ms. Duterte is prepared to answer the allegations, her defense spokesman Michael T. Poa said in a statement. She is confident that an impartial review would find the accusations “devoid of both factual and legal basis.”
“The people already know what happened in the past, and we will not give the second-highest official of the land any excuse to be corrupt,” former congresswoman Arlene D. Brosas told a news briefing in Filipino after the complaint was filed at the House of Representatives.
The accusations echo similar claims raised two years ago, when calls for Ms. Duterte’s impeachment intensified after a congressional inquiry that found she might have misused more than P612.5 million in confidential and intelligence funds.
“The Constitution does not permit such cynical disregard for public trust,” according to a copy of the complaint, alleging betrayal of public trust — one of the five constitutional grounds for impeachment, along with bribery, treason, graft and corruption and culpable violation of the Constitution.
It added that the Vice-President had treated public funds as a “personal war chest” while evading legislative oversight.
The complaint was endorsed by Party-list lawmakers Antonio L. Tinio, Sarah Jane Elago, and Renee Louise M. Co.
A second impeachment complaint was later filed by civil society and religious leaders, accusing Ms. Duterte of corruption, unexplained wealth, and betrayal of public trust.
“The impeachment complaint is not that different from the previous one,” complainant Francis Joseph “Kiko” Aquino Dee said, noting that the Supreme Court had not cleared the Vice-President of the earlier allegations.
Ms. Duterte was impeached by the House last year after more than a third of lawmakers backed a fourth complaint, which was transmitted directly to the Senate. She later won a Supreme Court ruling that voided the proceedings, with the High Court saying lawmakers violated constitutional rules by bypassing earlier complaints.
The court barred impeachment moves against the Vice-President until Feb. 6, though its recent ruling allowed new complaints to be filed starting Jan. 15.
Renewed impeachment efforts risk reopening a bitter political feud between the Duterte and Marcos camps, whose alliance in the 2022 elections has since unraveled.
Also on Monday, House Senior Deputy Majority Leader and Iloilo Rep. Lorenz R. Defensor said the chamber will revise its impeachment rules to comply with the High Court ruling that distinguished between a calendar and session day.
Session days normally refer to days when the House floor is in session, while calendar days mark regular passing days at a congressional session.
The Supreme Court ruled that, for impeachment proceedings, session days are to be counted as regular calendar days.
“Our rules will be revised to make it clearer and more definitive in accordance with the provisions and the intent of the Constitution,” Mr. Defensor told reporters.
DIVERGING PUBLIC TRUST
Moves to oust the country’s top official comes as trust in Mr. Marcos waned in the final quarter of 2025, in contrast with his former ally, Ms. Duterte, who posted gains in both trust and performance ratings, according to a nationwide survey by OCTA Research released on Monday.
The Tugon ng Masa poll, conducted from Dec. 16 to 20, showed trust in Mr. Marcos slipped 9 percentage points from the previous quarter to 48%, with 31% saying they distrust the President and 22% undecided.
His performance rating remained above the majority threshold but edged down to 51% from the third quarter of 2025, with 27% dissatisfied and 22% undecided.
By contrast, Ms. Duterte recorded a majority trust rating of 53%, up 2 percentage points quarter on quarter, while her performance approval rose 5 percentage points to 54%.
The Vice-President also posted lower undecided responses than the President, indicating firmer public sentiment, the survey showed. About 26% expressed distrust in her, while 21% were undecided.
Regional data highlighted diverging trends, with Mr. Marcos’ trust and performance ratings falling most sharply in the National Capital Region and Balance Luzon, while Ms. Duterte registered strong gains in the capital and maintained overwhelming trust in Mindanao, her family’s bailiwick.
Among socioeconomic groups, Mr. Marcos saw the steepest drop in support among higher-income respondents, while Ms. Duterte posted double-digit increases in trust within the same segment.
The survey covered 1,200 adult Filipinos nationwide through face-to-face interviews and carries a margin of error of ±3 percentage points.
OCTA Research said the poll was non-commissioned and released as a public service. — with Chloe Mari A. Hufana
Chinese forces hold ‘combat readiness patrol’ near Scarborough Shoal
CHINESE forces carried out a “combat readiness patrol” around the disputed Scarborough Shoal over the weekend, its Southern Theater Command said in a statement published by Chinese state-run media on Monday, days after the Philippines and US militaries held joint drills there.
The People’s Liberation Army (PLA) deployed a YJ-12 heavy bomber armed with anti-ship missiles and a Type 055 destroyer, along with military jets and other warships, China Military Online reported.
“The theater command has continuously strengthened naval and air patrols in the waters and airspace around the island, resolutely countering provocations and infringements by individual countries in the region,” it said.
Scarborough, known as Panatag in the Philippines and Huangyan Dao in China, is claimed by both nations. Beijing has effectively controlled access to the feature since 2012, barring Filipino fishermen from accessing the resource-rich region.
“After H-6K bombers and fighter jets from the PLA Southern Theater Command flew into the airspace over China’s Huangyan Dao in formation, they conducted a patrol toward the southeastern sector,” the report said.
It added that the Philippines’ designating parts of Scarborough as a “military exercise zone” infringes on China’s sovereignty, as Beijing claims most of the South China Sea based on a “nine-dash line” map. A United Nations-backed arbitral tribunal ruled in 2016 that China’s claim is illegal, a decision China has rejected.
“By organizing military aircraft to pass through the area designated by the Philippines, the PLA Southern Theater Command demonstrated China’s effective jurisdiction over the territorial waters and airspace of Huangyan Dao,” the report said.
The patrol followed the Philippines and the US’ joint naval exercises at Scarborough last week, the first such exercise between the close allies this year as both seek to deepen their ties amid increasing Chinese assertiveness in the strategic waterway, where trillions of dollars worth of trade passes through annually.
In recent years, Chinese vessels have increasingly confronted Philippine ships near disputed features prompting Manila to seek joint patrols and exercises with allies.
CHINA’S ‘DISINFORMATION’ CAMPAIGN
Meanwhile, a Philippine senator on Monday called for a deeper probe into alleged Chinese disinformation operations in the Philippines, warning that coordinated influence campaigns by Beijing threaten national security.
“This is a national security issue. That is why there must be further investigation into this coordinated effort to influence and interfere in our domestic affairs,” Senator Risa Hontiveros-Baraquel told a forum by the Foreign Correspondents Association of the Philippines on Monday.
The Chinese Embassy in Manila did not immediately reply to a Viber message seeking comment.
She added that government inquiry must determine the scope of Beijing’s disinformation operation in the country.
“We need to know whether, beyond conventional public relations, this project crossed the line into manufacturing and manipulating Filipino public opinion using the Chinese government’s lies,” Ms. Hontiveros said.
She added that there is also a need to identify and hold accountable individuals spreading Chinese propaganda on social media.
“It is time to expose the individuals behind this coordinated disinformation machinery. It is time to identify who, exactly, is amplifying and circulating the Chinese government’s fabrications,” the senator said. “And it is time to hold accountable those who betray our country.”
She cited findings from a Senate hearing where a Makati-based public relations (PR) firm was found to be colluding with the Chinese Embassy in Manila to undertake PR work.
“We need to know whether, beyond conventional public relations, this project crossed the line into manufacturing and manipulating Filipino public opinion using the Chinese government’s lies,” she added.
Authorities have claimed that the Chinese government has been conducting a massive disinformation campaign in the Philippines using social media and public relations efforts to undermine Manila’s stance on the South China Sea dispute.
“We see posts that downplay, dismiss, or outright deny the harassment and intimidation experienced by our own Navy, Coast Guard, and fisherfolk. We see a growing number of social media pages relentlessly amplifying Chinese government propaganda,” Ms. Hontiveros added.
The Chinese Embassy in Manila has also been in a heated verbal exchange with Philippine politicians and security officials who have taken a more vocal stance in asserting the country’s maritime claims.
This had prompted calls from several lawmakers to declare the Chinese Ambassador to the Philippines as persona non grata.
Palace Press Officer Clarissa A. Castro said that Congress can pursue its agenda as it sees fit, noting the President and the Foreign Affairs department opt to settle issues through dialogue.
“They can pursue them if that is what they see fits. But as for the President, we know his policy and the Department of Foreign Affairs is through dialogue and diplomacy for these kinds of issues with China,” she told a news briefing, in Filipino. — Kenneth Christiane L. Basilio and Adrian H. Halili
Gov’t told to fast-track contractor payments to ramp up infra spending
PHILIPPINE President Ferdinand R. Marcos, Jr. ordered government agencies to speed up payments to contractors who deliver quality work, amid his administration’s push to ramp up infrastructure spending.
Palace Press Officer Clarissa A. Castro said the directive was issued after a meeting between the President and the economic team on Jan. 30, where Mr. Marcos urged his Cabinet to “move forward” and keep agencies focused on fast, efficient delivery of infrastructure projects.
The aim is to ensure Filipinos fully benefit from public works as the administration seeks to lift economic growth, she said in a briefing in Filipino.
The Palace did not specify a timeline, but the President wants it done “as soon as possible,” Ms. Castro noted.
The Philippines is investigating a multibillion-peso flood control scandal following the revelations of Mr. Marcos in his fourth State of the Nation Address last July 2025.
This dragged the country’s full-year economic growth to 4.4% in 2025, below the government’s 5.5% to 6.5% target for the year.
Mr. Marcos instructed departments to streamline payment processes for contractors that comply with their contracts, linking quicker disbursements to better project execution.
He also underscored the need for stronger coordination between national and local governments to monitor and complete projects on time, Ms. Castro said.
“Because the President said ‘let us move forward,’ we need to intensify, improve, and do everything we can to lift the country’s economy,” she said.
“Among the President’s directives is to pay contractors who performed well and were unproblematic.”
This followed an earlier directive, asking government agencies to monitor their projects, Malacañang said.
This prompted the Department of Agriculture to intensify oversight of its farm-to-market road projects to ensure farmers and fishers benefit from lower production costs.
The monitoring is being handled by the Bureau of Agricultural and Fisheries Engineering, which will subject projects to stricter reviews to ensure compliance with engineering standards and consistency in construction. — Chloe Mari A. Hufana
Marcos pushes jobs, transport and energy projects in Mitsubishi talks
PHILIPPINE President Ferdinand R. Marcos, Jr. on Monday met with Mitsubishi Corp. President and Chief Executive Officer Katsuya Nakanishi to discuss potential investments that could generate more jobs, improve railway systems and expand energy projects.
“These efforts will also strengthen digital services that make everyday transactions easier for Filipinos as we continue building a Bagong Pilipinas,” Mr. Marcos said in a social media post.
Palace Press Officer Clarissa A. Castro said the meeting also focused on enhancing digital services to streamline daily transactions for Filipinos.
“During the meeting, Mitsubishi reiterated its confidence in the country’s robust economy and its commitment to continued investment, particularly in energy, infrastructure, manufacturing, and the financial technology sector,” she said in a Palace briefing in Filipino.
“For the President, these moves by foreign investors signal sustained trust from major companies in the Philippines as an investment destination,” she added.
Mitsubishi Corp., Japan’s largest general trading and investment firm, operates across multiple sectors including environmental energy, materials solutions, mineral resources, urban development and infrastructure, mobility, the food industry, smart-life creation, and power solutions. Founded in 1954, it has a presence in over 120 countries.
Ms. Castro said the President also discussed the Comprehensive Automotive Resurgence Strategy (CARS) Program with the Japanese automaker.
While Mr. Marcos vetoed P4.32 billion in this year’s national budget for the government’s flagship automotive incentive program, the administration last month reiterated that it does not signal a withdrawal of support for the industry.
“The President assured, and even emphasized the importance of the CARS program and that there are funds allocated for the program,” she said.
Established under Executive Order No. 182, the CARS program was designed to draw fresh investment and revive the automotive industry by offering performance-based incentives.
So far, two manufacturers have enrolled: Toyota Motor Philippines Corp., which makes the Vios sedan, and Mitsubishi Motors Philippines Corp., producer of the Mirage hatchback and the Mirage G4 sedan.
Under the program, participating firms are required to manufacture 200,000 units of their registered vehicle model over a six-year period. — Chloe Mari A. Hufana
DEPDev flags gaps hurting PHL
THE Philippines’ competitive environment remains bogged down by legislation and infrastructure gaps, resulting in relatively high product market regulations, the Department of Economy, Planning, and Development (DEPDev) said.
The country’s competition landscape shows that the environment still has “room for improvement,” Economy Secretary Arsenio M. Balisacan told a Philippine Competition Commission event on Monday.
“Barriers to entrepreneurship, trade, and investment, as well as constraints related to legislation and infrastructure, contribute to the Philippines’ relatively high product market regulations,” he said.
Mr. Balisacan added that the restrictions remain significant, noting that competition could be strengthened by improving rules and reducing friction.
The emergence of artificial intelligence (AI) also offers both opportunities and challenges for competition, he said.
“As AI development accelerates, an enabling policy framework must strike a balance between supporting innovation and safeguarding society from emerging risks,” Mr. Balisacan said.
In a separate statement, the DEPDev said it signed a memorandum of agreement to deploy the P6.79-million innovation grant for the Naga City AI City Planner.
“The project leverages an AI-driven platform that generates analytics from various city activity data to support people-centered, evidence-based transportation planning, as well as monitoring and evaluation,” the DEPDev said. — Aubrey Rose A. Inosante
Senate to resume LoA inquiry
THE SENATE Blue Ribbon Committee is set to resume its inquiry into the alleged misuse and weaponization of letters of authority (LoA) by Bureau of Internal Revenue (BIR) officials.
Senator Panfilo M. Lacson, who heads the panel, said on Monday that he will schedule a committee hearing this week to hear updates on the new reforms imposed by the BIR to prevent further abuse of audit documents.
“The Senate Blue Ribbon Committee needs to be formally informed of the new reforms instituted by the BIR in relation to the issuance of LoAs and if safeguards are already in place to prevent or at least minimize abuse committed against our taxpayers, then we may have to conclude the committee hearings on the matter,” he said in a statement.
The committee has been investigating the alleged misuse and weaponization of LoAs, and Mission Orders following calls from business groups claiming that BIR personnel issued excessive and irregular audit letters.
Senators also claimed that BIR personnel pocketed 70% of collections, with only 30% being transferred to the agency.
“We will schedule a hearing this week in this regard to hear what the BIR has to say,” he added.
The BIR earlier said that it would resume its audit operations, including the issuance of LoAs and Mission Orders. The issuance of audit documents was suspended for two months following the misuse allegations. — Adrian H. Halili
Bonoan still reviewing plunder case
FORMER Public Works Secretary Manuel M. Bonoan on Monday said he has yet to fully review the allegations against him, as the Department of Justice (DoJ) commenced preliminary hearings on high-profile plunder cases linked to the flood control scam.
“It’s quite serious — it’s plunder, and I have to study it very well,” Mr. Bonoan told reporters in an ambush interview. He said he would remain in the Philippines for the investigation but is awaiting the schedule of his wife’s medical procedure in mid-February.
Mr. Bonoan is listed as a co-respondent in plunder complaints submitted by the National Bureau of Investigation (NBI).
Justice Department spokesperson Raphael Niccolo L. Martinez said the ongoing cases also involve former Senator Ramon “Bong” Revilla, Jr. and Senator Jose “Jinggoy” P. Ejercito Estrada.
Mr. Revilla and Mr. Estrada did not attend Monday’s preliminary hearing. They received the complaints and supporting documents through their legal representatives.
“They are scheduled to appear at the next hearing for submission of their counter-affidavits,” Mr. Martinez said. The DoJ granted the NBI additional time to submit further documents supporting the complaint, with the next deadline set for Feb. 12, 2026. Respondents, including Mr. Bonoan, can only file their counter-affidavits after these documents are submitted.
Meanwhile, Mr. Martinez said that three tax evasion complaints against Pacifico “Curlee” F. Discaya II and Cezarah Rowena “Sarah” C. Discaya, filed by the Bureau of Internal Revenue, have been dismissed. The cases, which involved the alleged nonpayment of taxes on six luxury vehicles, were dropped after prosecutors determined that the couple were “end-consumers” rather than the actual importers legally liable for the excise duties.
Mr. Martinez earlier added that, while the excise tax issues were cleared, two other cases against the spouses have already been filed with the Court of Tax Appeals. These cases involve alleged violations of the National Internal Revenue Code, specifically for failing to provide truthful information in the 2020 and 2021 income tax returns for their respective businesses. — Erika Mae P. Sinaking
CICC warns vs AI-driven love scams
THE Cybercrime Investigation and Coordinating Center (CICC) have warned Filipinos against the rising cases of artificial intelligence (AI)-driven love scams, which could increase emotional and financial harm among victims.
“Artificial intelligence allows scammers to sustain emotional manipulation through fake identities, automated conversations, and staged interactions, making love scams more organized, more convincing, and more dangerous,” CICC Executive Director Renato A. Paraiso said in a statement on Monday.
“These schemes are no longer isolated incidents but coordinated operations designed to emotionally groom victims before exploiting them financially,” he said.
Jocel G. De Guzman, co-founder of group Scam Watch Pilipinas, said the most common love scams include those sharing personal stories before asking money; scammers posing as foreigners drawing victims into fake foreign exchange or cryptocurrency schemes.
Another love-scam profile is “The Seducer,” who “relies on attractive profile photos, quickly steers conversations toward sexual topics, overshares personal details, and may solicit nude photos that can later be used for blackmail.”
Other profiles include which attempt to seek money from victims include “The Serviceman” and “The Escort,” while the “Slow Burn” tries to “build trust gradually through seemingly harmless conversations and personal anecdotes… and later manipulates victims into sending money.”
“Scammers now use AI-generated photos and fabricated identities to create realistic online personas, while scripted and automated conversations allow them to communicate with multiple victims at once in a consistent, emotionally calculated manner,” the group said. — Beatriz Marie D. Cruz
DoT to adopt LANDBANK digital payment portal
LAND BANK of the Philippines (LANDBANK) has expanded its partnership with the Department of Tourism (DoT) as it digitalizes tourism payments and streamline procurement via the bank’s digital payments portal.
“By streamlining payments and accelerating procurement processes, we aim to support the DoT in focusing even more on its core mission — promoting our country, empowering tourism enterprises and workers, and welcoming the world to our shores,” LANDBANK President and Chief Executive Officer Lynette V. Ortiz said in a statement on Monday.
Under two memoranda of agreement, signed with Tourism Secretary Ma. Esperanza Christina C. Frasco on Jan. 13, the DoT will adopt the LANDBANK Link.BizPortal, which conducts online payments for accreditation, regulatory fees, penalties, and bidding documents for commercial establishments and businesses.
LANDBANK said the “plug-and-play” system is expected to streamline administrative processes and reduce manual interventions for DoT.
The DoT will also be enrolling in the Government Purchase Card program, with an initial rollout covering 16 regional directors nationwide.
The program aims to strengthen internal financial controls while expediting the procurement of goods and services essential to tourism operations.
“We are happy that LANDBANK has seen and supported the vision of the Department of Tourism. In many ways our work is very similar in that its main goal is community development — ensuring that our local communities benefit from access to economic opportunities,” said Ms. Frasco. — Aaron Michael C. Sy