Local stocks snapped a six-day winning streak, retreating as a flare-up in geopolitical tensions between the United States (US) and Iran prompted investors to lock in profits following the weeklong rally. The Philippine Stock Exchange index (PSEi) fell 51.9 points, or 0.83 percent, to close at...
Banish the thought that the World Bank 's classification of the Philippines as an “upper-middle-income” economy is the silver bullet to slay the dragon of widespread poverty. It is a myth—not reality. Find out why. From 1987 to 2025—spanning almost four decades—the Republic of the...
Three of the country’s largest business groups have backed the expansion of benefits provided by state-run Philippine Health Insurance Corp. (PhilHealth), but stressed that timely and complete premium payments are crucial to sustain the national health insurer’s finances and further widen...
It is bad enough not to have any savings, but to be in consumer debt is much worse. What is consumer debt? It is when you borrow money for personal, family, or household consumption—such as eating out, shopping, auto and appliance loans, holidays, travel, vacation, entertainment, and all kinds of...
The Philippine Stock Exchange index (PSEi) rose for the fourth day on Monday, July 6, on expectations of a lower June inflation rate, although late profit-taking pared most of the day’s gains. The main index added 35.96 points, or 0.58 percent, to close at 6,223.99. Banks led the advance, while...
The Philippine Stock Exchange index (PSEi) closed the week on a positive note as investor sentiment continued to be lifted by lower oil prices and improved macroeconomic signals. The main index rose by 62.31 points, or 1.02 percent, to close at 6,188.03 on Friday, July 3. Miners led the advance due...
Ayala Corp., the oldest conglomerate in the country, is deploying ₱5 billion to aggressive equity purchases of its primary real estate subsidiary, Ayala Land Inc., seeking to stabilize the property giant following a steep market selloff. The Zobel-led parent company informed the Philippine Stock...
Equities market rose for a second consecutive session as investors welcomed the World Bank’s reclassification of the country’s economic status and the steady performance in domestic manufacturing. The Philippine Stock Exchange index (PSEi) gained 56.46 points, or 0.93 percent, to close at...
ACEN, through its wind energy projects in Ilocos Norte — the 81 MW North Luzon Renewables, 160 MW Pagudpud Wind, and 70 MW Capa Wind — has partnered with a leading community bank to equip farmers and seedling producers with financial management skills and access to relevant banking services....
When a crisis hits, the atmosphere is filled with intense stress, uncertainty, and chaos. The natural instinct is to pull down the blinds, stay tight-lipped, and hope the issue simply goes away. But a crisis is not just a threat to a brand’s bottom line; it is a human event that impacts real...
DAVAO CITY – The Davao City Council approved on Tuesday, June 30, a P3-million financial aid for local government units in Davao Occidental and Sarangani affected by the recent magnitude-7.8 earthquake. During the City Council 's regular session at Sangguniang Panglungsod, councilors passed...
Local equities snapped a streak of losses, joining the broader regional rally as diplomatic efforts to ease Middle East tensions soothed investor anxiety and drove oil prices down. The Philippine Stock Exchange index (PSEi) advanced 32.09 points, or 0.53 percent, to close at 6,069.26. Despite the...
