Japanese financial giant MUFG Bank Ltd. revealed that the Philippine peso has emerged as the worst-performing currency in Asia since the flare-up of deepening military tensions between the United States (US) and Iran. According to data monitored by MUFG covering 11 Asian currencies, the peso has...
The Samahang Basketbol ng Pilipinas (SBP) has tapped Sandy Arespacochaga as head coach of the national team’s U18 women’s squad which will vie in the 2026 FIBA Women’s U-18 Asia Cup SEABA Qualifiers next month. Arespacochaga, a well-respected mentor in the collegiate and professional ranks,...
The Philippines’ balance of payments (BOP) deficit widened to a record $7.41 billion in the first four months of the year, driven by the persistent trade imbalance and volatile capital flows that have rapidly depleted the nation’s dollar reserves. The cumulative four-month deficit has already...
CAVINTI, Laguna – Tony Lascuña reminded everyone that experience and skill reign supreme over sheer power, seizing control of the highly competitive ICTSI Caliraya Springs Championship field with a brilliant eight-under 64, gaining a two-stroke lead over Angelo Que and Clyde Mondilla at the...
The Bangko Sentral ng Pilipinas (BSP) will grant a reprieve from penalties to rural and cooperative lenders adjusting to the more rigorous credit and equity reporting system, part of an ongoing effort to sharpen oversight of the financial sector’s risk exposures. BSP Deputy Governor Lyn I. Javier...
Philippine banks shrugged off the sharp reversal in foreign-exchange trading to post a 2.9 percent increase in net income in the first quarter of the year, driven by higher interest income and the steady expansion in their loan portfolios. Data from the Bangko Sentral ng Pilipinas (BSP) showed that...
Bryan Bagunas made a fruitful return in the professional ranks after winning his first title with the Osaka Blueton in the SV.League in Japan recently. The 28-year-old Bagunas and Blueton sealed their Finals triumph in commanding fashion, completing a 25-22, 25-20, 25-18 Game 3 victory to dethrone...
De La Salle University (DLSU) economists slashed their 2026 Philippine gross domestic product (GDP) growth forecast to 3.11 percent from 3.79 percent previously, warning that the economy is facing mounting pressure from the Middle East conflict, elevated inflation, and lingering domestic...
The peso’s descent to unprecedented lows is facing a volatile new headwind, with MUFG Bank Ltd. warning that an escalating political feud between the nation’s two most powerful dynasties threatens to upend investor confidence. The Japanese financial institution said that the deepening rift...
Philippine banks’ bad loan ratio improved to 3.29 percent as of end-March, marking a three-month low as lending growth accelerated at a faster pace than the increase in soured loans. The latest Bangko Sentral ng Pilipinas (BSP) data showed that the banking industry’s gross non-performing loan...
The peso fell to its weakest level on record for a second consecutive day, as persistent inflation in the United States (US) fueled expectations that interest rates will remain elevated, dampening appetite for emerging-market assets. The local currency weakened to ₱61.721 per dollar on Friday,...
Money sent home by overseas Filipinos (OFs) climbed to $2.87 billion in March, rebounding from the nine-month low of $2.79 billion recorded in February, closing the first quarter with larger inflows. The latest data from the Bangko Sentral ng Pilipinas (BSP) released on Friday, May 15, showed that...
