The PSEi dipped again as investors remained cautious and took profits late in the trading day after President Marcos asked heads of government controlled corporations to resign for another top level reshuffling. The main index shed 12.99 points or 0.20 percent to finish at 6,412.81 with Miners...
The proposal to tax outbound remittances of non-United States (US) nationals would slash Philippine inflows by as much as $476.5 million or over ₱26 billion per year, according to estimates from the Washington-based Center for Global Development (CGD). In a May 28 blog post, CGD experts Helen...
he PSEi rose after the US announced another pause in the implementation of tariffs on products from the European Union. The main index added 41.18 points or 0.64 percent to close at 6,425.80 as Banks led gains accross the board. Volume improved to 601 million shares worth P6.3 billion as gainers...
The Philippines will receive a $400-million, or about ₱23.4-billion, loan from the Asian Development Bank (ADB) to restore marine ecosystems and strengthen its blue economy, as part of the lender’s $24-billion support package for Southeast Asia through 2028. ADB President Masato Kanda announced...
The World Bank Group (WBG) will extend to the Philippines between $22 billion and $23 billion—or as much as over ₱1.2 trillion—in loan and other financing starting mid-2025 until 2031 to support both public and private initiatives aligned with the country 's climb to upper-middle-income...
The Philippine Stock Exchange index (PSEi) ended slightly negative as investors continue their wait-and-see stance as several economic data are die for release later this week. The main index shed 5.32 points or 0.08 percent to close at 6,384.62 with sectoral indices equally divided. Volume...
Real estate giant Ayala Land Inc. (ALI) has signed a 25-year contract agreement for the lease and continued development of the John Hay Technohub in Camp John Hay, Baguio City, according to the Bases Conversion and Development Authority (BCDA). In a statement, BCDA President and Chief Executive...
The PSEi declined on mixed trading as investors waited for the release of economic data due this week. The main index shed 23.16 points or 0.36 percent to close at 6,389.94 with sectoral indices equally divided. Volume was low at 486 million shares worth P4.74 billion as gainers outnumbered losers...
The Manila-based multilateral lender Asian Development Bank (ADB) is urging its host country to ramp up nationwide mobile internet access to boost Filipino households ' wealth. "Our findings show that mobile internet access has a significant and positive impact on household wealth,...
Chroma Hospitality, Inc. (CHI) unveiled its newest brand, Grafik Hotel Collection, on May 20, 2025, in Makati City. The launch—led by CHI country manager James Montenegro and Filinvest Hospitality Corp. (FHC) senior vice president Francis Gotianun—marked not only the debut of an inspired new...
In a city that rarely slows down, it helps to have a place that does. A spot where you can stretch out, sip coffee under the trees, or simply sit and breathe. Here, green space takes the lead—offering room to unwind and enjoy the moment. Along the busy E. Rodriguez Jr. Avenue (C-5) corridor, a...
The PSEi rose on the last trading day of the week as uncertainties eased after President Marcos chose to keep his economic team intact after asking his cabinet secretaries to tender their courtesy resignations. The main index jumped 107.73 points or 1.71 percent to close at 6,413.10 as Banks led...
