The Philippine Stock Exchange index (PSEi) continued to climb as investor sentiment was buoyed by a flurry of positive corporate earnings reports and a flat United States (US) inflation rate, which could influence the Federal Reserve’s decision on a rate cut. The main index rose by 35.24 points,...
Head of the Philippines’ largest bank believes the country’s economy will be shielded from the direct fallout of new United States (US) tariffs, but warned of a larger, global danger that could ripple back to the country through remittances. Speaking with Channel News Asia (CNA), BDO Unibank...
The National Maritime Council (NMC) said the collision of two Chinese vessels in Bajo de Masinloc was entirely due to their own actions. In a statement over the August 11 incident at the Scarborough Shoal, also known as Bajo de Masinloc, the NMC expressed concern over the "aggressive and...
Zobel-led Ayala Corp. reported a core net income, which excludes one-off items, of ₱23.7 billion in the first half of 2025—a two percent decline compared to the same period last year but an improvement from the four percent drop in the first quarter of the year. “This was a result of higher...
A military officer and two enlisted personnel were killed when a firefight broke out between the Philippine Army (PA) and New People’s Army (NPA) rebels in Baco, Oriental Mindoro on Tuesday, Aug. 12. The PA identified the slain soldiers as Captain Marky John O. Alberto, Corporal Charlie P....
No one should be overly sensitive and be easily offended over a joke made by comedian and host Vice Ganda about riding a jet ski to the West Philippine Sea and to the Hague, Palace Press Officer and Communications Undersecretary Claire Castro said. Castro defended Vice Ganda, saying it was only a...
The local stock market bounced after dropping in the previous three sessions as investors started bargain hunting. The main index added 35.49 points or 0.57 percent to close at 6,289.85 on Tuesday, Aug. 12, as Conglomerates led the advance while Banks continued to decline. Volume jumped to 756...
The Catholic Bishops’ Conference of the Philippines (CBCP) urged immediate action to address the country’s worsening child nutrition and education crisis—a call strongly welcomed by the Second Congressional Commission on Education (EDCOM 2), which vowed to accelerate key reforms to safeguard...
The Philippine banking industry ended the first half of 2025 with a combined net profit of ₱198.1 billion in June, up 4.1 percent from last year’s ₱190.3 billion, driven by double-digit growth in net interest income. Data from the Bangko Sentral ng Pilipinas (BSP) released on Tuesday, Aug....
Allianz PNB Life, Inc., the local life insurance arm of Germany-based financial services giant Allianz, posted a double-digit increase in gross premium income to ₱19 billion in the first half of 2025 on the back of high single-premium insurance (SP) sales and an increase in earnings from renewal...
After the rare collision of two Chinese ships near Bajo de Masinloc in the West Philippine Sea (WPS), the Philippine Coast Guard (PCG) is hopeful that the “bullying” and “aggression” of the People’s Republic of China (PRC) toward Philippine vessels, troops, and even fishermen in the...
The Philippine Stock Exchange index (PSEi) dropped on Monday, Aug. 11, as investors sold off stocks due to a lack of fresh market-moving developments. The main index fell by 85.02 points, or 1.34 percent, to close at 6,254.36. Banks led the retreat, with only the Services counter managing to hold...
