Trillionaire Enrique K. Razon Jr., through Prime Strategic Holdings Inc. (PSHI), has expanded his majority stake in Apex Mining Co. Inc. to 67 percent after acquiring shares worth ₱1.68 billion from its former controlling shareholder. In a disclosure to the Philippine Stock Exchange (PSE) on...
The Philippine economy retains the capacity to absorb further monetary tightening even as it navigates a prolonged growth slowdown, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said. Remolona said during a media briefing on Monday, July 6, that a potential 25-basis-point interest...
Senator Rodante Marcoleta will be committed to the New Quezon City Jail in Payatas, where former senator Ramon “Bong” Revilla Jr. and Senator Jinggoy Estrada are currently detained, after the Sandiganbayan Third Division ordered his arrest over a plunder case lodged against him. According to...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. on Monday, July 6, dismissed a reported proposal from the Chinese government to establish a "common fishing area" in Bajo de Masinloc (Scarborough or Panatag Shoal), labeling the offer a deceptive public relations (PR) stunt....
The Bangko Sentral ng Pilipinas (BSP) is delaying the selection of four new digital banking players as it seeks to reconcile conflicting regulatory tracks for different types of applicants. While the market anticipated the entry of the new digital lenders as early as the first quarter, BSP Governor...
The central bank is grappling with an “unusual” inflation shock following the historic ₱85 daily minimum wage hike in Metro Manila, though a hyper-aggressive policy response is unlikely, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. On the sidelines of a BSP book...
Police General Jose Melencio C. Nartatez Jr., chief of the Philippine National Police (PNP), on Sunday, July 5, directed the initiation of dismissal proceedings against a police officer accused of taking part in the robbery and killing of a fellow policeman in Zamboanga del Sur. Nartatez issued the...
Department of National Defense (DND) Secretary Gilberto C. Teodoro Jr. on Saturday, July 4, challenged 552 newly commissioned Philippine Army (PA) officers to help build a “credible deterrent posture” for the country as the military continues to strengthen its territorial defense while...
President Marcos has described Beijing 's sanctions against Department of National Defense (DND) Secretary Gilberto Teodoro Jr. as "very unhelpful," saying the move only raises tensions and does little to advance discussions aimed at managing disputes in the West Philippine Sea. Speaking to...
Razon-led International Container Terminal Services Inc. (ICTSI) is on track to become the first ₱2 trillion company listed on the Philippine Stock Exchange (PSE), rendering any speculative move to delist and seek an overseas debut unnecessary, according to the bourse’s top official. PSE...
Armed Forces of the Philippines (AFP) Chief of Staff General Romeo S. Brawner Jr. recognized outstanding soldiers of the Northern Luzon Command (NOLCOM) as he continued his farewell visits ahead of his retirement later this month and the expected transition in the military 's top leadership....
Bangko Sentral ng Pilipinas Governor (BSP) Eli Remolona Jr. expects a broader wave of lenders to slash or eliminate fund transfer costs, following aggressive fee waivers by some of the country’s largest banking institutions ahead of a strict weekend regulatory deadline. Speaking at a BSP book...
