Eight Philippine lenders have secured spots on the World’s Best Banks 2026 list compiled by Forbes and Statista, a ranking where agile digital-native banks claimed the top positions even as traditional giants maintained their edge in trustworthiness among Filipino depositors. MariBank Philippines...
The International Monetary Fund (IMF), the World Bank (WB), and the Asian Development Bank (ADB) have, one after another, downgraded the country’s growth projections. This is largely due to the devastating effects of the ongoing Middle East conflict. These multilateral financial institutions...
State-run Philippine Deposit Insurance Corporation (PDIC) is implementing a more robust and accessible framework for depositors seeking to appeal denied insurance claims. Approved on February 25, Regulatory Issuance (RI) No. 2026-01 introduces a “stronger, clearer, and more responsive process”...
Local stocks ended the volatile session virtually unchanged as investors weighed the prospect of extended diplomatic talks in the Middle East against the persistent threat of crude-driven inflation. The Philippine Stock Exchange index (PSEi) edged up 0.34 point, or 0.01 percent, to close at...
Flag carrier Philippine Airlines (PAL) is cementing its presence in the United States (US) with the launch of nonstop flights between Manila and Chicago beginning in November, providing Filipinos with a direct link to the Midwest. In a statement, PAL announced that it will mount thrice-weekly...
The Philippine gaming industry’s gross gaming revenue climbed to nearly ₱400 billion last year, as surge in digital betting platforms more than offset the contraction in traditional brick-and-mortar casinos. State-run Philippine Amusement and Gaming Corp. (Pagcor) reported on Thursday, April...
As fuel prices continue to weigh on the export sector, the Philippine Exporters Confederation Inc. (Philexport) is calling for the suspension of the 12-percent value-added tax (VAT) to ease cost pressures on businesses and consumers. In a statement on Thursday, April 16, Philexport president Sergio...
The country risks pushing 1.3 million more people into poverty as an energy crisis and record-high fuel prices threaten to drive the national poverty rate to 14.4 percent, the state-run Philippine Institute for Development Studies (PIDS) warned. Before the Middle East conflict triggered a national...
The Department of Foreign Affairs (DFA) on Wednesday, April 15, condemned as “irresponsible and unacceptable” the reported use of cyanide in Ayungin Shoal, warning of serious environmental damage and signaling a possible diplomatic response as it awaits the results of a scientific...
The Philippine Stock Exchange index (PSEi) bounced on Wednesday, April 15, as news of another round of United States (US)-Iran talks led to some bargain hunting. The main index added 50.25 points, or 0.84 percent, to close at 6,063.35. Banks and services led the advance across the board. Volume...
National Security Adviser (NSA) Eduardo M. Año on Wednesday, April 15, officially announced his permanent retirement from government service, stirring questions inside the security sector as tensions persist in the West Philippine Sea (WPS). In a statement sent to reporters, Año cited health...
It 's finally happening. After an exhausting back-and-forth talk to clear things up on whether their blockbuster rematch is an exhibition or not, the fight between Manny Pacquiao and Floyd Mayweather Jr. is pushing through as scheduled. That, after the American boxing great finally signed on...
