A number of years ago, someone very close to me confided that the chief operating officer (COO) of their company was threatening to resign. This was despite the fact that the executive was already receiving a massive salary, along with perks and compensation that would be the envy of most senior...
The peso slumped to a record low against the dollar on Wednesday, April 29, as the deepening conflict in the Middle East fueled safe-haven demand and clouded the outlook for the country’s trade balance. The local currency finished at ₱61.567 per dollar, according to data from the Bankers...
Filipino and American forces have successfully integrated advanced air defense systems to counter “drone warfare” during the 41st interation of Exercise Balikatan, just as reports revealed a massive new Chinese dredging project in the South China Sea (SCS). The four-day Integrated Air and...
Aboitiz Equity Ventures Inc. (AEV), the active portfolio manager of the Aboitiz Group, reported that its consolidated net income almost doubled to ₱6.3 billion in the first quarter of 2026 from the ₱3.2 billion earned in the same period last year. The firm informed the Philippine Stock Exchange...
The peso tumbled to a fresh record low on Tuesday, April 28, breaching the 61-level as a resurgent United States (US) dollar and the broad exodus from emerging-market assets overwhelmed the central bank’s recent efforts to shore up the currency through tighter monetary policy. The peso plunged to...
State-lender Land Bank of the Philippines (LBP) is expanding its response to the energy crisis through a coordinated package of fuel subsidies, commuter rebates, and low-interest loans, aiming to shield the transport and agriculture sectors from volatile global prices. Landbank said in a statement...
Senator Imee Marcos is no stranger to posting short-form video content on political topics, but this time she channeled her inner Miranda Priestly to recreate a well-known scene from The Devil Wears Prada, while also portraying her assistant, Andrea Sachs. In the video, Marcos alternates between...
The peso pierced the ₱61:$1 level on Tuesday, April 28, as the oil-vulnerable local currency continued to weaken amid uncertainties wrought by the prolonged war in the Middle East. As of 1:52 p.m., the peso hit an intraday low of ₱61.08 against the United States (US) dollar after opening...
Philippine and allied forces staged a large-scale coastal defense drill on Monday, April 27, simulating an enemy amphibious landing in a town facing the West Philippine Sea (WPS). The Armed Forces of the Philippines (AFP), together with the United States Armed Forces, Australian Defence Force, and...
The Communist Party of the Philippines (CPP) disputed the military’s account of the April 19 operation in Toboso, Negros Occidental, saying only a small number of those killed were its fighters while the rest were civilians. In a statement, CPP chief information officer Marco Valbuena said only...
The World Bank has given its go-ahead to the $24.5-million Technical Assistance for Sustainable Agricultural Transformation (TASAT) program, which will complement the Philippines’ largest-ever single loan from the Washington-based multilateral lender aimed at diversifying the sector and moving...
Aboitiz-led Union Bank of the Philippines (UnionBank) reported a 167-percent surge in net income to ₱3.8 billion in the first quarter of 2026 despite some trading losses arising from market volatility associated with the Iran conflict. The bank noted that it continued the momentum that started in...
