Residential property prices posted their slowest inflation rate in nearly seven years, or since before the Covid-19 pandemic, as Filipinos stepped on the brakes on borrowing from banks to purchase housing amid tighter lending standards. “Residential property prices in the Philippines continued to...
The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
In a crowded school area turned job hub, the usual end-of-school-year anxiety—résumés, long lines, and uncertain prospects—gave way to something unexpected: on-the-spot job offers. For thousands of graduating learners, the nationwide rollout of the Bagong Pilipinas Serbisyo Fair (BPSF) did...
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
While Philippine monetary authorities maintained the current policy rate at 4.25 percent in a rare off-cycle meeting, the Bangko Sentral ng Pilipinas (BSP) said it would hike key interest rates if second-round effects from war-driven oil supply shocks occur. “Once we see second-round effects from...
Even as foreign lenders expect the Bangko Sentral ng Pilipinas (BSP) to tighten sooner rather than later, as inflation could breach what is deemed manageable this year, the central bank decided to keep the policy rate unchanged in a rare off-cycle meeting on Thursday, March 26. While inflation is...
Shell Pilipinas Corp. reported a 69 percent surge in full-year net income for last year, overcoming volatility in global oil markets through a shift toward high-margin commercial segments and leaner logistics. In a disclosure to the Philippine Stock Exchange on Thursday, March 26, Shell Pilipinas...
A decade has passed since Maxine Medina proudly represented the Philippines at the 2016 Miss Universe pageant — and she has never looked better or been more fulfilled. While many beauty queens chase the next crown, Maxine charted a different course — embracing motherhood, building an acting...
The Anti-Money Laundering Council (AMLC), the Philippine financial intelligence unit, has begun searching for its next executive director as Matthew David prepares to step down and seek another position within the Bangko Sentral ng Pilipinas (BSP). David led several asset freezes and seizures...
Senior high school (SHS) and Alternative Learning System (ALS) graduates across the country will soon find it easier to land their first jobs as the Department of Education (DepEd) and the Department of Labor and Employment (DOLE) expand the Bagong Pilipinas Serbisyo Fair (BPSF) nationwide. The...
Around 40 financial technology (fintech) companies are now phasing out one-time passwords (OTPs) in their security systems, as the financial industry races to meet the Bangko Sentral ng Pilipinas’ (BSP) midyear deadline for adopting more advanced anti-fraud systems. Lito Villanueva, founding...
Terrafirma star guard Jerrick Ahanmisi and Barangay Ginebra big man Ralph Cu banner the Gilas Pilipinas men’s 3x3 team in the FIBA Asia Cup in Singapore next week. Cu played in the PBA 3x3 for Ginebra before getting the callup to the 5-on-5 team while Ahanmisi emerged as one of the league’s...
