With no major economic data scheduled for release this week, the local stock market is expected to remain weighed down by the ongoing conflict between Israel and Iran and the inflationary effects of its impact on oil prices. Philstocks Financial Research Manager Japhet Tantiangco said the local...
For the first time, Vice President Sara Duterte gave her insight on the ongoing territorial conflict between the Philippines and China over the resource-rich West Philippine Sea, warning the Philippines against taking sides in the United States-China conflict and advising it instead to “force the...
A massive warship sat calmly at the dock of Pier 15 in Port Area, Manila on Saturday, June 21. She had just arrived after a seven-day-long journey from Japan, and was on a three-day port visit to Manila. Japanese ship (JS) Ise (DDH-182), a Hyuga-class helicopter destroyer, is recognized as one of...
There are now eight Filipinos who have been injured by Iranian retaliatory missiles to Israel, the Philippine Embassy in Tel Aviv said. In a bulletin posted on its official Facebook page on Sunday, June 22, the embassy said that one Filipino who had “severe and life-threatening injuries”...
The Philippine Army (PA) conducted a night flying air medical evacuation familiarization exercise with the United States Army over the weekend. Personnel from the Air Medical Helicopter Platoon of the PA’s Aviation Regiment used an HH-60 Black Hawk helicopter during the training held last...
Two destroyers of the Japan Maritime Self-Defense Force (JMSDF) anchored in Port Area, Manila on Saturday, June 21, for a three-day port visit, signaling the deepening ties between the naval forces of the two countries following the ratification of the Reciprocal Access Agreement (RAA). As this...
Despite the week-long exchange of missiles between Israel and Iran, Department of Foreign Affairs (DFA) officials claimed the Philippine Embassy in Tehran is the only foreign delegation that remains open there amid the escalating conflict. This was shared by Department of Foreign Affairs (DFA)...
President Marcos reaffirmed his administration 's firm stand on the West Philippine Sea, declaring that the Philippines has never yielded its territory and will continue to defend its sovereignty. Marcos said this after Coast Guard Commodore Jay Tarriela said the next administration should...
The Philippine stock market ended the week lower, as investors worried about the inflationary effects of higher oil prices due to the Israel-Iran conflict, coupled with a weaker peso. The main index shed 17.24 points, or 0.27 percent, to close at 6,339.77 on Friday, June 20. The Industrial sector...
While closer ties to large conglomerates provide Philippine banks with ample capital and lending opportunities, these direct connections also increase lending risks within the groups, and financial distress at the conglomerate level could have a profound impact on the banks. “Financial distress...
Real estate giant Ayala Land Inc., through Ayala Land Estates Inc., has launched an ambitious BERDE District Certification Drive for seven of its estates, reinforcing its position as a national pioneer in climate-resilient real estate. The BERDE (Building for Ecologically Responsive Design...
The Philippine Army (PA) carried out a maritime air patrol (MARPAT) over the waters of Central Visayas (Region 7) on Thursday, June 19, to enhance security and prevent illegal activities in the region. The Special Mission Aviation Company of the Army’s Aviation “Hiraya” Regiment used a...
