After more than two decades of deregulation in the power sector and countless collusion allegations at the spot market, it is finally coming to the senses of industry regulators to step up ‘police powers’ against anti-competitive behavior that could distort market dynamics in the private...
The Philippine Amusement and Gaming Corp. (Pagcor) expects full separation from its casino operations within the next five years, and aims to open at least one integrated resort (IR) each year to drive growth. In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer, said...
Philippine Army (PA) and Philippine National Police (PNP) personnel encounter alleged New People's Army (NPA) fighters in Bilar, Bohol on February 23, 2024. (Courtesy of 47th Infantry Battalion) (Updated) Five alleged communist rebels and a Philippine National Police (PNP) personnel were killed...
Finance Secretary Ralph G. Recto expressed his gratitude to the Philippine Stock Exchange (PSE) for its support and trust in his appointment. At a recent event hosted by the PSE to celebrate the new finance chief's appointment, Recto shared that this support “means a lot” for him as he...
The French Senate expressed its continued commitment to defense cooperation as well as to trade partnerships with the Philippines. (Photo courtesy of Senate of the Philippines) This was after the Philippine Senate met with the delegation from the French Senate, who were in the country for a...
The local stock market inched up to the 6,900 level although some investors have started profit-taking. The main index added 5.79 points or 0.08 percent to close at 6,903.15 with sectoral indices equally divided. Volume was stable at 529 million shares worth P4.92 billion as gainers outnumbered...
With construction costs on the rise and banks hiking interest rates for borrowers, many Filipinos have opted to completely rethink their plans for constructing new homes and business buildings. Data from the Philippine Statistics Authority (PSA) showed that the cost of construction activities in...
The Philippine Dental Association (PDA) emphasized that "dental caries," or tooth decay, is recognized as a disease and should not be ignored. “Madalas sabihin ng iba, ay ngipin lang 'yan, malayo 'yan sa bituka, which is not,” PDA Executive Secretary Dr. Sheryl Anne Rose Lantican said during...
The Ayala Group’s financial services arm Bank of the Philippine Islands (BPI) is looking to raise $300 million by September this year to refinance maturing bonds of the same amount. BPI Chief Finance Officer Eric M. Luchangco “We're looking at various options, but we will we will refinance that...
The Philippine Coast Guard (PCG) denied the claim of its Chinese counterpart that it drove away a ship of the Bureau of Fisheries and Aquatic Resources (BFAR) at the Scarborough Shoal. Comm. Jay Tarriela, PCG spokesperson on West Philippine Sea, said the Chinese Coast Guard was referring to the...
Filipino families tend to be more cautious and conservative in their approach to debt when compared to their neighbors in Southeast Asia. With a debt ratio of only 12.6 percent, Philippine households recorded the lowest debt burden compared to those in Indonesia, Vietnam, Singapore, Malaysia, and...
ZAMBOANGA CITY – Smuggled cigarettes worth P398 million were seized by the Philippine Navy and other concerned agencies from a cargo vessel manned by Indonesians in the sea of Tawi-Tawi on February 1. Philippine Navy personnel were initially alerted by the National Coast Watch Center about...
