United States Ambassador to Manila MaryKay Carlson affirmed that the US Navy’s recent operations in the Scarborough Shoal is critical to freedom of navigation in the region and the US’ role in upholding international maritime laws. Speaking on the sidelines of the welcome reception for US...
The Philippine Stock Exchange composite index (PSEi) ended the last trading day of the week on the upside after investors picked stocks later in the session on news of stronger remittances. The main index added 24.08 points, or 0.38 percent, to close at 6,315.93. The industrial sector led the...
Police are investigating the possible link between the P802-million suspected “shabu” or crystal meth found inside sacks of chicken feed in Mariveles, Bataan on Thursday, Aug. 14, and the P10-billion drug haul of the Philippine Navy (PN) in Masinloc, Zambales in June. Police Brig. Gen. Ponce...
In a country where teachers and parents often work behind the scenes, the Department of Education (DepEd) is shining a light on the unsung heroes of learning. With the strong backing of the Marcos administration, DepEd on Friday, August 15, officially announced the launch of a national recognition...
DAVAO CITY – A wild and untagged pair of Philippine Eagles was spotted somewhere in the hinterlands of Bukidnon province. The Philippine Eagle Foundation said they were the first confirmed sighting in nearly two decades. The pair was sighted last week but the PEF did not disclose their exact...
The Philippine Stock Exchange index (PSEi) dropped on concern that the Philippine national debt will balloon further next year. The main index shed 33.24 points, or 0.53 percent, to close at 6,291.85, although sectoral indices were equally divided. “The market slipped today as some investors may...
The Philippines will continue its maritime and aerial patrols in the West Philippine Sea despite a new incident involving a Chinese fighter jet performing “dangerous maneuvering” against a Philippine Coast Guard (PCG) aircraft, Malacañang said Thursday, Aug. 14. Communications Undersecretary...
Toyota Financial Services Philippines Corp. (TFSPH), and affiliate of GT Capital Holdings Inc., is planning to raise ₱5-billion through the first issuance from its ₱20-billion fixed-rate bond program. In line with this, Philippine Rating Services Corp. (PhilRatings) said it has assigned its...
Philippine Rating Services Corp. (PhilRatings) has maintained its very strong issue credit rating of PRS Aa, with a stable outlook, for Megawide Construction Corp.’s ₱9-billion outstanding bonds. Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The...
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...
