The PSEi dropped amid see-saw trading this week—volatility is being fed by the Israel-Iran conflict even as investors wait for word from the United States (US) and Philippine central banks, which will hold policy meetings this week. The main index lost 31.76 points, or 0.5 percent, to close at...
The Philippine Coast Guard (PCG) said Wednesday, June 18, that it spearheaded a coral reef rehabilitation in Pagasa (Thitu) Island and the Kalayaan Island Group (KIG) as part of the government’s ongoing initiative to protect and conserve the marine environment in the West Philippine Sea (WPS)....
The Philippine Amusement and Gaming Corporation (Pagcor) has launched a website that allows the public to verify the legitimacy of online gaming providers. In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer, announced the launch of the “PAGCOR Guarantee” website...
The Philippine Air Force (PAF) said it is still pursuing the acquisition of multi-role fighter (MRF) aircraft, despite having already procured new FA-50 fighter jets earlier this month. PAF spokesperson Colonel Ma. Consuelo Castillo said the proposed MRF acquisition, which falls under the...
Some 18 Filipinos are now staying in a temporary facility after the hotel they were working at was hit by an Iranian missile, the Philippine Embassy in Tel Aviv said. In a Facebook post, published on Tuesday night, June 17, showed Philippine Ambassador to Tel Aviv Aileen Mendiola-Rau visiting the...
The Philippine peso has depreciated the most among regional currencies against the safe haven United States (US) dollar so far since Israel attacked Iran and heightened global oil price risks. A June 18 report by Japanese financial giant MUFG Bank Ltd. showed that since June 13, the peso weakened...
The Philippine Stock Exchange, Inc. (PSE) and the Commission on Filipinos Overseas (CFO) have signed a Memorandum of Understanding to jointly undertake programs that will help overseas Filipinos become active participants in the Philippine capital markets. PSE President and CEO Ramon S. Monzon...
The Philippine Stock Exchange index (PSEi) recovered the previous day’s loss on more substantial remittance numbers as well as hopes that the Israel-Iran conflict will de-escalate. The main index added 10.61 points or 0.17 percent to close at 6,3699.19. Industrials led the advance while Banks...
ILOILO CITY – The inflation rate in Western Visayas region dropped for the second consecutive month, the Philippine Statistics Authority-6 said. The agency said the inflation rate dropped 0.3 percent from 1.8 percent in April to 1.5 percent in May. “The downtrend was mainly due to the slower...
Flag carrier Philippine Airlines (PAL) has relaunched its cargo service to stay in tune with the latest developments in the cargo industry, amid the impending threat of tariff policies that could disrupt global trade. During a media launch on Monday, June 16, the Lucio Tan-led airline unveiled the...
The Armed Forces of the Philippines (AFP) said it is not concerned about the United States shifting its military assets away from the South China Sea in response to the rapidly escalating conflict in the Middle East. Rear Admiral Roy Vincent Trinidad, Philippine Navy (PN) spokesperson for the West...
Mazda Philippines has deepened its involvement in environmental conservation with the launch of the 1,500 Pangolin Project, a year-long initiative that ties vehicle sales to real-world wildlife protection efforts. Starting May 2025, Mazda will donate ₱1,500 from every new unit of the Mazda BT-50...
