One Ecosystem, Endless Reach: Cebuana Lhuillier Connects Partners to Better Serve More Filipinos Worldwide
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S one of the country’s largest and leading microfinancial services providers, Cebuana Lhuillier continues to strengthen its integrated financial ecosystem, serving as the link that connects over one million MSMEs and SMEs and tens of thousands of institutions across banking, lending, utilities, manufacturing, logistics, retail, government, and many other industries through long-standing partnerships that enable the seamless movement of money locally and across the borders. Serving as an extension of its partners' operations, Cebuana Lhuillier empowers organizations to scale with confidence, streamline operations, and accelerate growth through one of the Philippines' largest financial services networks. Backed by more than 3,600 branches, 25,000+ partner agent locations, 30,000+ local access points, and over 3 mil-
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Jean Henri Lhuillier (center-right), President and CEO of Cebuana Lhuillier, and Erlinda Sumanga (center-left), FVP and Head of the Money Transfer Group, join valued partners during an appreciation event recognizing the organizations that have helped drive the company's growth, innovation, and impact over the years.
lion global touchpoints, the company powers secure collections, disbursements, payouts, payment acceptance, and cross-border remittances at nationwide and international scale. "Every milestone Cebuana Lhuillier has achieved is rooted in the strength of our partnerships. Our journey through the years has been shaped by organizations that share our commitment to creating opportunities and empowering communities. As we continue to evolve and extend our impact, we remain grateful for the trust and collaboration of our allies who have been with us every step of the way," said Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier. Those capabilities are made possible by trusted collaborators that have grown alongside Cebuana Lhuillier over the years, helping shape a financial ecosystem that continues to expand access, strengthen industries, and
create opportunities for millions of Filipinos. In recognition of these enduring relationships and shared achievements, the company recently gathered its partners for an evening of appreciation during its Partners Night, celebrating the organizations whose commitment, collaboration, and innovation continue to drive resilience, sustainable growth, and greater financial inclusion across the country. As industries continue to evolve, Cebuana Lhuillier remains committed to creating greater value for its partners by continuously advancing the financial infrastructure that supports their growth. Through its comprehensive suite of cash management and money movement solutions, the company simplifies transactions across entire value chains, enabling organizations of every size to improve efficiency, accelerate growth, and deliver better experiences for their customers.
"Partnerships are critical to how we innovate, scale, and deliver solutions that respond to the changing needs of Filipinos and businesses. As financial ecosystems become increasingly interconnected, we look forward to working even more closely with our partners to develop new capabilities, expand access, and create greater value for the communities and industries we collectively serve," said Philippe Andre Lhuillier, Senior Executive Vice President of Cebuana Lhuillier. As the Philippine economy continues to evolve, Cebuana Lhuillier remains committed to deepening the partnerships that power businesses and advance financial inclusion. By continuously strengthening its integrated financial ecosystem, the company reinforces its role as a trusted enabler of growth, connecting businesses, institutions, and communities while creating greater opportunities for millions of Filipinos.
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Friday, July 10, 2026 Vol. 21 No. 269
P25.00 nationwide | 2 sections 22 pages | 7 DAYS A WEEK
₧2.5B foregone from kerosene, LPG excise halt
By Reine Juvierre S. Alberto @reine_alberto
HE Development Budget Coordination Committee (DBCC) scaled back the revenue collection target of the Bureau of Internal Revenue (BIR) this year, while assigning a bigger goal for the Bureau of Customs (BOC) and non-tax revenues.
Figures disclosed to reporters revealed that the BIR will raise P3.393 trillion in 2026, lower by P38 billion compared to the previous target set by economic man-
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agers last December 2025. The BOC, meanwhile, will collect P1.011 trillion, or P7.2 billion more than the P1.004 trillion earlier See “DBCC,” A2
PEZA REMITS P1.44B TO GOVT, TOUTS INVESTOR CONFIDENCE By Ada Pelonia
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@adapelonia
HE Philippine Economic Zone Authority (Peza) remitted P1.44 billion to the national government for the fiscal year 2025. This marked Peza’s third straight year as one of the leading Government-Owned and-Controlled Corporations (GOCCs) in dividend contributions. Peza Director General Tereso Panga attributed the agency’s
sustained performance to investor confidence, resilience of Peza-registered enterprises, and the collective efforts of its board, management, and employees. “This milestone reflects the confidence of our investors, the resilience of our ecozones, and the dedication of every member of the Peza family to deliver results that directly benefit the Filipino people despite the various headwinds we are facing,” Panga said. “Our three-peat in dividend See “Peza,” A2
KOREAN ENVOY RECEIVES PHL’S HIGHEST DIPLOMATIC HONOR President Ferdinand R. Marcos Jr. confers the Order of Sikatuna, with the rank of Datu (Grand Cross, Gold Distinction), on outgoing Lee Sang-hwa during the ambassador’s farewell call at Malacañang. Also in photo is Lee’s wife, Lee Eunhwa. Story in B8 News. PHOTO COURTESY OF THE KOREAN EMBASSY IN MANILA
PIS BE WITH YOU Brussels’ iconic Manneken Pis, the 17th-century bronze fountain statue renowned for its centuries-old tradition of wearing ceremonial attire, now sports a traditional Igorot-inspired costume commemorating the 80th anniversary of diplomatic relations between the Philippines and Belgium. Donated by the Philippine Embassy in Belgium to the City of Brussels and the Ordre des Amis de Manneken-Pis, the ensemble was designed by Cordilleran artisan Amy Balbawang and has been added to the statue’s permanent wardrobe at the GardeRobe MannekenPis museum. With more than 1,200 costumes donated by countries and organizations worldwide, Manneken Pis has become not only one of Belgium’s best-known landmarks but also a lasting symbol of international friendship and cultural exchange. PHOTO COURTESY OF NICOLAS, OFFICIAL DRESSER OF MANNEKEN PIS/FACEBOOK
OREGONE revenues from the three-month suspension of excise taxes on kerosene and liquefied petroleum gas (LPG) amounted to P2.5 billion, according to the Department of Finance (DOF). Finance Secretary Frederick D. Go told reporters on the sidelines of a forum on Thursday that the government incurred P2.5 billion in revenue losses from the tax relief. The government suspended the excise taxes on the two petroleum products last April, in its bid to shield consumers from high oil prices as a result of the war between the United States and Iran. Levies on kerosene and LPG were reinstated last Wednesday, July 8, after the one-month average Dubai crude price hovered at $79.45 per barrel from June 1 to 30. (See: https://businessmirror.com.ph/2026/07/08/ bir-re-imposes-taxes-on-lpg-kerosene-as-crude-prices-dip/). This means kerosene will again be subject to an excise tax of P3 per liter, while LPG will be taxed at P1 per kilogram. “The [Department of Energy] issued a certification that the price of Dubai crude oil was already below $80 [per barrel],” Go said. “Based on the rules, the action to be taken by the Bureau of Customs and the Bureau of Internal Revenue is automatic by law.” The Finance chief was referring to Executive Order (EO) No. 114, which President Ferdinand R. Marcos Jr. issued to temporarily suspend excise taxes on selected petroleum products for three months. The tax suspension resulted in a reduction of LPG prices by P3.36 per kilo and P5.60 per liter of kerosene. According to the EO, the tax rates will revert to previous rates one week after the one-month average Dubai crude oil price, based on the Mean of Platts Singapore (MOPS), falls below $80 per barrel. This must be certified by the DOE or upon the expiration of the threemonth suspension period. Should oil prices shoot up again, Go said the economic team, which he leads, could recommend to the President that the excise taxes on kerosene and LGP be reduced or suspended, subject to the President’s approval. “If it exceeds $80 a barrel, we may recommend to the President,” he said. Reine Juvierre S. Alberto
PESO EXCHANGE RATES n US 61.5520 n JAPAN 0.3787 n UK 82.4489 n HK 7.8518 n CHINA 9.0448 n SINGAPORE 47.5967 n AUSTRALIA 42.6432 n EU 70.3047 n KOREA 0.0409 n SAUDI ARABIA 16.3920 Source: BSP (July 9, 2026)