An alleged New People’s Army (NPA) rebel killed after a string of fierce encounters with the Philippine Army (PA) across Samar Island was abandoned by his comrades, the Philippine Army (PA) confirmed Saturday, April 18. The 8th Infantry Division (8ID) said troops from the 46th Infantry Battalion...
The Philippine Stock Exchange index (PSEi) fell below the 6,000 level on Friday, April 17, as investors cashed out ahead of the weekend amid concern over the economic impact of the oil crisis. The main index lost 64.56 points, or 1.06 percent, to close the week at 5,999.13. Conglomerates led the...
The Philippine Army (PA) stepped up its shift toward territorial defense as it joined United States forces in a live-fire exercise featuring the M142 High Mobility Artillery Rocket System (HIMARS) during Exercise Salaknib. The PA Artillery Regiment and the US Army Pacific (USARPAC) 25th Infantry...
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...
