The implementation of the reduced stock transaction tax next month could theoretically result in an 83 percent surge in value turnover in the Philippine Stock Exchange, although even a fraction of this growth will already be a big boost to the local bourse. Abacus Securities Corporation noted that...
Singapore-based United Overseas Bank (UOB) has downgraded its 2025 economic growth forecast for the Philippines amid global trade uncertainties, which, in turn, bolstered its expectations of further interest rate cuts. In its new quarterly global outlook report for the third quarter of 2025,...
Even as the Philippine peso depreciated against the United States (US) dollar at a pace that was among the worst among emerging market (EM) currencies last week, the Bangko Sentral ng Pilipinas (BSP) is still expected to cut interest rates this week. Data from the Bankers Association of the...
The Department of Energy (DOE) said that it is withholding the issuance of a Certificate of Conformity (COC) to the Manila Electric Company (Meralco) until it receives aligned findings from both the Philippine Competition Commission (PCC) and the Energy Regulatory Commission (ERC). Energy Assistant...
The Philippine Embassy in Israel is planning to repatriate Filipinos there by land or sea since the airspace of Israel and Jordan are currently closed due to the ongoing conflict in the region with Iran, Philippine Ambassador in Tel Aviv Aileen Mendiola-Rau said. In an interview with GMA News on...
A week after the ratification of the Reciprocal Access Agreement (RAA), the Philippines and Japan have begun training their militaries, marking the launch of a “new phase” in the defense cooperation of the two Asian countries. Naval ships from the Armed Forces of the Philippines (AFP) and...
A wider current account deficit drove the Philippines’ balance of payments (BOP) position from a $238-million surplus in the first quarter of 2024 to a $3-billion deficit in the same period this year, according to the central bank. For the January-to-March period, the country’s current account...
The delivery of 12 new FA-50 fighter aircraft acquired by the Philippine Air Force (PAF) will be completed by 2030, the Department of National Defense (DND) disclosed on Saturday, June 14. DND spokesperson Asst. Sec. Arsenio Andolong confirmed the acquisition of 12 FA-50 Block 70 light combat...
The Philippine Army (PA) advised the public on Saturday, June 14, not to be alarmed when they see military trucks traveling in north Luzon. The troop mobilization is part of a bilateral large-scale logistics training between the armies of the Philippines and the United States, according to PA...
Filipinos have been among those targeted in racist riots in Northern Ireland, with one of them having their car set on fire, the Philippine Embassy in London bared. On June 12, the embassy issued an advisory about the situation, where Filipinos were among other migrants who were targeted in the...
The PSEi rose on upbeat United States (US) data and expectations of a Bangko Sentral ng Pilipinas (BSP) rate cut next week, but failed to close above the 6,400-level due to concerns over Israel’s bombing of targets in Iran. The main index added 14.27 points, or 0.22 percent, to close at 6,395.59....
Previously known primarily for ground operations, the Philippine Army (PA) has expanded its capabilities and is now able to conduct aerial patrols within the country’s airspace—marking a significant development for the Armed Forces of the Philippines (AFP). The Army’s Aviation Regiment or...
