Senator Robinhood Padilla called out a Philippine Coast Guard (PCG) official 's use of caricatures of Chinese President Xi Jinping, stating that disrespect toward a foreign leader invites a similar response. During the plenary session on Monday, Jan. 26, Padilla criticized what he described...
Stocks retreated on Monday, Jan. 26, as investors pared positions ahead of fourth-quarter economic growth data, with the benchmark index slipping below a key psychological support level. The Philippine Stock Exchange index (PSEi) fell 59.39 points, or 0.94 percent, to finish at 6,273.87. The...
RL Commercial REIT Inc. will join the Philippine Stock Exchange index (PSEi), the nation’s 30-company benchmark, replacing Alliance Global Group Inc. as part of a semi-annual reshuffle of the local equity market’s gauges. The Philippine Stock Exchange announced the changes following review of...
Senators have crossed party lines to sign a resolution expressing the sense of the Senate condemning the recent public statements made by the Embassy of the People’s Republic of China that criticized Philippine officials and institutions that defend the country’s national sovereignty and...
The Philippine government has expressed serious concerns regarding the escalation of word war between the Chinese Embassy in Manila and several senators, as well as other government officials who continue to take a firm stand against Beijing over the West Philippine Sea issue. The Department of...
President Marcos stands by Filipino officials defending the country’s maritime rights, Malacañang said on Monday, Jan. 26, amid escalating word wars between the Chinese Embassy in Manila and Philippine officials over statements on the West Philippine Sea. In a press briefing, Presidential...
Bank of the Philippine Islands (BPI), the oldest lender in Southeast Asia, priced its latest offering of social bonds at ₱5 billion as it seeks to funnel more capital into community development and social projects. The two-year notes, dubbed the BPI SIGLA Bonds, will carry a fixed interest rate...
Equity investors are looking to upcoming gross domestic product (GDP) data to catalyze recovery after sharp correction last week pushed valuations to levels market analysts describe as bargain territory. The benchmark Philippine Stock Exchange index (PSEi) retreated below the 6,400 psychological...
Senate President Vicente “Tito” Sotto III has filed a bill seeking to amend Republic Act No. 3591 to strengthen the Philippine Deposit Insurance Corporation (PDIC) and enhance the country’s framework for bank liquidation. In filing Senate Bill No. 1667, Sotto said it is imperative to make...
Senator Erwin Tulfo on Sunday, January 25 criticized the Chinese Embassy in Manila after it publicly condemned statements made by several Philippine officials regarding the West Philippine Sea issue. As far as he is concerned, Tulfo said China has no authority to censure local officials especially...
The Department of National Defense (DND) condemned on Saturday, Jan. 24, the People’s Republic of China’s (PROC) criticisms of Filipino uniformed personnel, including Philippine Coast Guard (PCG) spokesperson for West Philippine Sea (WPS) Commodore Jay Tarriela, and warned the Asian superpower...
The heated online exchange between Chinese and Filipino officials continues after the Chinese Embassy in Manila accused Philippine Coast Guard (PCG) spokesperson Commodore Jay Tarriela of repeatedly lying and insisted that disputes between China and the Philippines can only be resolved through...
