As part of the Philippine government’s efforts to strengthen economic collaboration with Japan, the Ayala Group has signed a series of strategic memoranda of understanding (MOUs) with leading Japanese partners Mitsubishi Corp., Mitsubishi UFJ Financial Group (MUFG), and KDDI Corp. In a statement...
The Financial Executives Institute of the Philippines (FINEX) expressed opposition to the Senate majority bloc’s attempt to railroad an amendment to the chamber’s rules that would allow senators to vote remotely. FINEX, whose members include some of the country’s top financial executives,...
The Philippine Stock Exchange index (PSEi) dropped on Tuesday, May 26, as investors took profits ahead of the Eid al-Adha holiday on concern over the Middle East situation after the United States (US) launched strikes against Iran. The main index lost 46.14 points, or 0.77 percent, to close at...
The Office of the Ombudsman (OMB) on Tuesday, May 26, argued before the Sandiganbayan Seventh Division that Senator Rodante Marcoleta, former lawmaker Michael “Mike” Defensor, and businessmen Joseph Varias Espiritu and Aristotle Baluyut Viray should be barred from leaving the country pending...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
In many sari-sari stores, a familiar sign reads: “Your credit is good, but we need cash.” While it may sound humorous, this statement reflects a practical truth in the business world—whether for a small enterprise or a large conglomerate: cash flow determines a business’s survival. Profit...
Malabon City Mayor Jeannie Sandoval on Monday, May 25, said the city government will broaden education support programs for Malabueño youth following the City of Malabon University’s (CMU) Institutional Recognition from the Commission on Higher Education (CHED). Speaking at the city...
The Philippine Stock Exchange index (PSEi) rose for the third day in a row on Monday, May 25, as oil prices continued to decline on hopes for successful peace negotiations between the United States (US) and Iran. The main index added 47.98 points, or 0.8 percent, to close at 6,009.38. Banks led the...
The interagency Financial Stability Coordination Council (FSCC) has flagged rising risks to the Philippine financial system stemming from the prolonged war in the Middle East, increasing corporate vulnerabilities, and growing household debt, although officials said the country’s banking sector...
President Marcos has assured victims of the massive fire that hit Parola Compound in Binondo, Manila, that the government would continue extending assistance until affected families can rebuild their lives and return home. The President visited the Delpan Evacuation Center and Delpan Sports Complex...
The local stock market may trade sideways this week as concerns over rising inflation and interest rates offset hopes for a peace pact between the United States (US) and Iran. “The local market is still expected to deal with lingering uncertainties, which could keep its movement tempered this...
The Philippine Stock Exchange index (PSEi) rose again in thin volume on Friday, May 22, on hopes of peace between the United States (US) and Iran, which has also led to lower world crude oil prices. The main index added 40.70 points, or 0.69 percent, to close at 5,961.40. Conglomerates led the...
