The local stock market rallied for a second day on Wednesday, Feb. 5, on optimism that interest rates would soon be cut after January's inflation rate fell within target. The benchmark Philippine Stock Exchange index (PSEi) jumped 192.02 points, or 3.15 percent, to close at 6,281.08, led by the...
Several business groups expressed opposition to the proposed ₱200 daily minimum wage increase, warning of its potential threats to the Philippine economy and business owners, particularly small and micro enterprises. In a position paper addressed to Rizal 4th district Rep. Fidel Nograles, the...
AFP Chief, General Romeo Brawner Jr. (File photo) The Armed Forces of the Philippines (AFP) is looking to send additional soldiers to Basilan even as the Senate and House of Representatives agreed to move the date of the inaugural parliamentary elections in the Bangsamoro Autonomous Region in...
Commodore Jay Tarriela, Philippine Coast Guard spokesperson for West Philippine Sea (File photo) The West Philippine Sea (WPS) is real, not a mere figment of imagination. Commo. Jay Tarriela, Philippine Coast Guard (PCG) spokesperson for WPS, had this to say to SAGIP Party-list Rep. Rodante...
Citing its importance for economic development, the Chamber of Commerce of the Philippine Islands (CCPI) has expressed full support for a Senate measure aimed at modernizing the country’s mining fiscal regime. Senate Bill (SB) No. 2826, or the “Enhanced Fiscal Regime for Large-Scale Metallic...
Expensive tomatoes and pork pushed the rate of increase in prices of basic goods and services to 2.9 percent in January, the Philippine Statistics Authority (PSA) reported on Wednesday, Jan. 5. Last month's headline inflation matched the same rate as December 2024 but inched up from 2.8 percent in...
The Philippines auto industry has much to celebrate, with 2024 serving as a banner year for vehicle sales, and yet another vehicle, the Toyota Tamaraw will begin local production. However, there’s also worrying development beneath these achievements. In spite of the growth, the Philippine auto...
President Ferdinand "Bongbong" Marcos Jr. (MANILA BULLETIN) Gabriela Party-list Rep. Arlene Brosas believes that President Marcos is "playing with fire" in the West Philippine Sea (WPS). This, as Brosas, an assistant minority, slammed the...
Senators are looking forward to changes that would happen under United States-trained orthopedic surgeon, Dr. Edwin Mercado, who has been appointed by President Marcos as the new president and chief executive officer (CEO) of the Philippine Health Insurance Corp. (PhilHealth). Senator Joseph...
The Philippine stock market rebounded, surpassing the 6,000 mark on Tuesday, Feb. 4, after the US postponed new tariffs on imports from Canada and Mexico. The benchmark index jumped 206.02 points, or 3.50 percent, to close at 6,089.06, led by gains across the services sector. Trading volume reached...
Officials of the Philippine Air Force (PAF) and United States Pacific Air Forces (US PACAF) convene at Villamor Air Base in Pasay City on Feb. 4, 2025 to strengthen their interoperability and deepen cooperation through a series of engagements, including the conduct of military exercises over the...
President Marcos has appointed retired police general Isagani Nerez as the new director general of the Philippine Drug Enforcement Agency (PDEA), Malacañang said. Retired Gen. Isagani Nerez (Photo courtesy of Pangasinan Police Provincial Office) Executive Secretary Lucas Bersamin confirmed the...
