With dust from the United States (US)-Iran war still swirling in the air, global inflation remains vulnerable to a sudden resurgence in oil prices, according to global investment banking giant Goldman Sachs, keeping the case for a preemptive hike in borrowing costs alive. Goldman Sachs has...
Local economic growth suffered from a severe contraction in investments and a construction slump, causing Southeast Asia’s growth to slow to five percent in the second quarter. In an Aug. 19 commentary, Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC) Group Research reported that the...
The Philippine Stock Exchange index (PSEi) rebounded as the surge across global markets emboldened investors to hunt for bargains in the local equity market. The PSEi jumped 80.12 points, or 1.3 percent, to close at 6,238.46 on Thursday, Aug. 20, driven by broad-based gains led by a rally in mining...
Local equities declined as the peso dropped to an all-time low against the United States (US) dollar and global oil prices advanced, stoking fears that accelerating inflation will force borrowing costs to stay elevated. The Philippine Stock Exchange index (PSEi) sank 106.36 points, or 1.7 percent,...
TAAL, Batangas- Police are tracking down a person who introduced herself as a fiscal and was reported to have asked for P50,000 in exchange for the release of an inmate at the Taal Municipal Police Station on Sunday night, Aug. 16. The police report identified the victim as Marivic, 49, a housewife...
The Philippine Stock Exchange index (PSEi) dropped in thin trades on Monday, Aug. 17, as overseas Filipino (OF) remittance growth slowed down, while United States (US) bourses weakened due to softer economic data. The main index lost 35.5 points, or 0.56 percent, to close at 6,261.80. The services...
For a long time, the prevailing narrative surrounding Islamic banking in the Philippines was trapped in a narrow frame. Most consumers assumed it was a niche service exclusive to Muslim communities or strictly intended for regional development in Mindanao. Amenah “Mina” Pangandaman,...
Business activity is on the rise in sports, particularly in two racket sports, tennis and pickleball, while badminton takes a relative backseat, though it remains a long-time staple in barangay and school leagues. Yes, Virginia, while tennis retains a dedicated, high-skill following, there’s a...
Local equities market retreated as the onset of the traditional “Ghost Month” coincided with portfolio shifts triggered by MSCI Inc.’s quarterly benchmark review and persistent local currency weakness, pushing the country’s main stock index to a one-week low. The Philippine Stock Exchange...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, Aug. 12, as investor confidence was boosted by record highs in United States (US) bourses and the positive first-half performance of domestic blue-chip companies. The main index rose by 39.75 points, or 0.63 percent, to close at...
Even with weaker-than-expected economic growth in the second quarter and expectations of muted expansion for the year, Japanese investment bank Nomura Holdings Inc. expects the Bangko Sentral ng Pilipinas (BSP) to continue raising key borrowing costs to bring inflation back to its three percent...
The Philippine economy faces an uphill battle in the second half of 2026 after posting its weakest post-pandemic growth, with private sector economists warning that faster infrastructure spending, easing inflation, and stronger investor confidence will determine whether the country can meet the...
