The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
The police power of the town mayor of San Simon, Pampanga was suspended by the National Police Commission (Napolcom) after he was arrested for extortion, it was bared on Friday. Aug. 8. Commissioner Rafael Vicente R. Calinisan, vice chairperson and executive officer of the Napolcom, ordered the...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. commended India’s firm stance against China as a model for balancing diplomacy and defense, stressing that “soft power” must be backed by “hard power” to safeguard national interests. Teodoro underscored the importance...
PHINMA Corp. reported a consolidated net loss of ₱226.92 million in the first half of 2025 from a profit of ₱170.93 million in the same period last year due to losses of its construction materials and property units amid “pressure from the macroeconomic environment and the impact of seasonal...
Real estate magnate Manuel B. Villar Jr. ranks as the only Filipino in the top 100 of Bloomberg’s Billionaire’s Index, a list of the world’s 500 richest based on their total net worth. Villar placed 99th in the list with a net worth of $23.1 billion, $617 million or 2.7 percent more than a...
The Bureau of Internal Revenue (BIR) filed multiple criminal complaints against buyers of “ghost receipts” to crack down on fraudulent tax evasion schemes. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said the bureau filed criminal complaints before the Department of Justice (DOJ) on...
Earnings of Pangilinan-led gold producer Philex Mining Corp. continued to decline as its Padcal mine is almost depleted and as it continues to spend to bring its Silangan mine to commercial production. In a disclosure to the Philippine Stock Exchange, the firm said its core net income fell 67...
Global port operator International Container Terminal Services Inc. (ICTSI) continues its growth momentum in the first half of the year, with its net income growing by 15 percent to $483.84 million despite global trade uncertainties. In a disclosure to the Philippine Stock Exchange, ICTSI said its...
Despite meeting its first-half revenue target, Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. believes that hitting the “too high” ₱3.2-trillion full-year goal could be an uphill battle if regulators move to ban online gambling, a measure that may significantly dent tax...
Agriculture Secretary Francisco Tiu Laurel is pushing for the amendment of the Coconut Farmers and Industry Trust Fund Act as a measure to revitalize the country’s “underperforming” coconut industry. Enacted into law in 2021, as embodied under Republic Act (RA) No. 11524, the coco trust fund...
Armed Forces of the Philippines (AFP) Chief of Staff, General Romeo Brawner Jr. hailed as a success the first-ever joint sail between the Philippine Navy (PN) and Indian Navy in the West Philippine Sea (WPS) even as Chinese vessels shadowed the activity. The first maritime cooperative activity...
The death toll from the combined effects of tropical cyclones “Crising”, “Dante”, “Emong” and the southwest monsoon (habagat) has climbed to 38, the National Disaster Risk Reduction and Management Council (NDRRMC) reported Sunday, Aug. 3. In a report, the NDRRMC said most of the...
