President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
Senator Loren Legarda recently honored the deep cultural ties between the Philippines and Germany at the International Media Visit of the German media delegation visiting the country where she recounted the ambitious dream of having the Philippines take center stage at the Frankfurt Book Fair—the...
The Philippine Economic Zone Authority (PEZA) is looking to obtain the global eco-industrial park (EIP) certification, signaling the agency’s intention to position the country as an attractive investment destination for green companies. In a social media post, PEZA Director General Tereso Panga...
The local equities market finally bounced after a five-day correction as investors began to pick up cheaper stocks. The main index added 40.02 points or 0.63 points to close at 6,375.35 led by the jump in the Mining sector on the back of higher gold prices. Volume was relatively stable at 712...
The Philippine peso is seen to continue appreciating this year and into next year, amid expectations that the United States (US) dollar would remain weak for a longer time, according to the latest forecast of Singapore-based DBS Bank Ltd. In its latest foreign exchange (FX) quarterly report for the...
The Philippine Deposit Insurance Corporation (PDIC) announced on Wednesday, May 21, that the state deposit insurer has expanded its coverage to Islamic banks (IBs) and Islamic banking units (IBUs). As announced through Bulletin 2024-09, IBs and IBUs in the Philippines are “now officially covered...
To ease classroom congestion and improve learning conditions across public schools, the Department of Education (DepEd) will hire 16,000 new teachers by the third quarter of 2025. In response to the directive of President Marcos and the Department of Budget and Management (DBM), DepEd Secretary...
Leading real estate developer has been ranked at 40th spot in the Top Philippine Growth Champions 2025 – a ranking produced by the partnership of local newspaper Philippine Daily Inquirer and research group Statista. The Top Philippine Growth Champions 2025 is an annual list that ranks 50...
The Armed Forces of the Philippines (AFP) is investigating a high-ranking Philippine Air Force (PAF) official who was accused of rape by his two junior officers. “ The Armed Forces of the Philippines (AFP) takes all forms of misconduct and breaches of military discipline with utmost...
The PSEi fell today, its fifth straight day of declines, on delayed reaction to the Moody’s downgrade of its credit rating for the US. The main index dropped by 119.51 points or 1.85 percent to close at 6,335.33 with the Services sector leading the retreat across the board. Volume rose to 1.35...
Senator Joel Villanueva on Tuesday, May 20 welcomed the Department of Budget and Management (DBM) for opening 16,000 new teaching positions for public schools for school year 2025-2026 as this is critical in addressing the country’s learning crisis. “We laud the DBM for authorizing the...
The Philippine banking industry reported a combined net profit of ₱101.9 billion in the first three months of 2025, up 10.6 percent from ₱92.1 billion a year earlier, driven by robust growth in net interest income amid higher interest earnings and better expense management. Data from the Bangko...
