The Lucio Tan Group’s (LTG) lender, Philippine National Bank (PNB), has entered into a strategic partnership with Discovery Capital Finance Corp. (DCFC) through the signing of a loan facility agreement to boost financial support for small and medium enterprises (SMEs). The new loan facility...
The Department of National Defense (DND) on Thursday, Dec. 18, said that reckless and dangerous actions at sea cannot be justified as “effective control measures” as it pushed back against China’s justification for its latest interference with Filipino fishermen and government vessels in the...
The Intertropical Convergence Zone (ITCZ), northeast monsoon or “amihan,” and easterlies are affecting different parts of the country, bringing cloudy skies, scattered rains, and possible flooding and landslides, according to the Philippine Atmospheric, Geophysical and Astronomical Services...
The Department of Public Works and Highways (DPWH) expressed deep sorrow over the passing of former Undersecretary Maria Catalina “Cathy” Cabral, who served the agency for more than four decades, on Friday, Dec. 19. She was 63. In a statement, the DPWH extended its condolences to Cabral’s...
The Philippine benchmark index retreated on Thursday, Dec. 18, as investors locked in gains while awaiting crucial United States (US) inflation data for cues on the Federal Reserve’s interest rate path. The Philippine Stock Exchange Index dropped 47.54 points, or 0.78 percent, to close at...
PH Resorts Group Holdings Inc., the gaming firm led by Davao-based tycoon Dennis Uy, terminated partnership talks with EEI Corp. after the government’s gaming regulator revoked the license for its stalled casino project in Cebu. In a disclosure to the Philippine Stock Exchange on Thursday, Dec....
Several parts of the Philippines will continue to experience rainy and cloudy conditions as the Intertropical Convergence Zone (ITCZ), the northeast monsoon (amihan), and prevailing easterlies affect different regions, raising the risk of flash floods and landslides in vulnerable areas. In its...
Ayala-led Bank of the Philippine Islands (BPI) continues to consolidate its businesses, this time with the planned merger of BPI Direct BanKo Inc., A Savings Bank (BanKo) and Legazpi Savings Bank Inc. (LSB), with BanKo as the surviving entity. In a disclosure to the Philippine Stock Exchange (PSE),...
Philippine stocks climbed as a stronger peso and a retreat in crude oil prices spurred bargain hunting following a brief bout of profit-taking. The Philippine Stock Exchange index advanced 23.34 points, or 0.39 percent, to end at 6,079.02 on Wednesday, Dec. 17. While the services sector led the...
Bulbophyllum placochilum J.J. Verm., a rare orchid species once believed to be extinct and previously known only from Borneo, has now been confirmed to occur in the Philippines, marking a significant expansion of its known geographic range. In a recently published study, researchers documented...
Senator Jinggoy Ejercito Estrada has filed a bill seeking to institutionalize West Philippine Sea education in the basic education curriculum to counter the spread of disinformation regarding the country’s territorial rights and maritime domain. In filing Senate Bill No. 1424, or the proposed...
The Philippine Navy (PN) has long been providing security for Filipino fishermen in the West Philippine Sea (WPS) even before President Marcos Jr. directed the Philippine Coast Guard (PCG) to boost protection amid China’s continued presence in the area, Armed Forces of the Philippines (AFP) Chief...
