Aboitiz-led Union Bank of the Philippines has set the terms and timetable for its P10- billion stock rights offering with the offer price set at a discounted P30.57 per share. In a disclosure to the Philippine Stock Exchange the bank said the offer price was determined based on the volume-weighted...
NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn't plan to cut interest rates until it has "greater...
Senator Robinhood “Robin” Padilla expressed his belief that there is no better model when it comes to responsible gun ownership than him, citing his 3-year incarceration for illegal possession of firearms. (Photo from the Facebook page of Senator Robinhood Padilla) "Siguro pagkatapos ng...
Senators on Thursday, May 2, expressed their support to President Marcos' order on Labor Day for the timely review of the minimum wage amid rising prices of goods and services across the country. Senate Majority Leader Joel Villanueva said that they welcome this move by the President to ensure that...
The national government's debt dipped below the P15 trillion mark in March this year, driven by repayments to domestic creditors, the Bureau of the Treasury reported. According to the Treasury's report on Thursday, May 2, the national government’s outstanding debt decreased by 1.6 percent in...
WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing sustainably to its 2% target. The Fed issued its decision in...
AFP chief of staff Gen. Romeo Brawner and PNP-DPCR director Maj. Gen. Edgar Alan Okubo lead the multi-sectoral outreach program at the Pag-asa Island, which is located in the West Philippine Sea. (photo: Metrobank Foundation) Residents of Pag-asa Island in Palawan were treated to free medical...
Chinese-flagged research vessel, "SHEN KUO," loitering in the vicinity northeast of Viga, Catanduanes as spotted by NOMAD N-22 aircraft. (photo: AFP) The Chinese vessel monitored off the waters of Bicol and Visayas regions was monitored to have lowered an identified equipment around 100 miles east...
The Bankers Association of the Philippines (BAP) is waiting for the Philippine Stock Exchange to name a price if it wants to buy the stake of banks in the Philippine Dealing System Corporation (PDS), which owns the fixed income bourse Philippine Dealing & Exchange Corporation. BAP...
Bicol Saro Partylist Representative Brian Raymund Yamsuan on Wednesday, May 1, pressed for the passage of the bill that would impose stringent penalties, including life imprisonment, against those responsible for the large-scale manufacture, sale, and possession of counterfeit...
As the nation celebrates Labor Day, senators pressed for the passage of the bill seeking a P100 daily minimum wage for all workers in the country. "In the Senate, we have already passed the proposed P100 Daily Minimum Wage Increase Act in response to the call of our workers. We...
Department of Health (DOH) Secretary Teodoro “Ted” Herbosa on Tuesday, April 30, told senators that he had no knowledge of the alleged multi-level marketing (MLM) schemes happening in the medical industry. That is, until the issue was raised before the Senate, and senators have...
