Money sent home by overseas Filipinos (OFs) fell to $2.71 billion in May, dropping to its lowest level in a year and signaling that growth may be losing steam amid renewed deployment risks stemming from the Middle East conflict. The latest Bangko Sentral ng Pilipinas (BSP) data released on...
The central bank is grappling with an “unusual” inflation shock following the historic ₱85 daily minimum wage hike in Metro Manila, though a hyper-aggressive policy response is unlikely, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. On the sidelines of a BSP book...
Consumer prices likely moderated in June on the back of lower food and fuel costs, though sticky underlying pressures are poised to keep the central bank on a hawkish path. Headline inflation may have cooled to as low as six percent last month, the Bangko Sentral ng Pilipinas (BSP) said in a...
Companies scaled back borrowing from Philippine banks’ foreign currency funds in the first quarter, pulling total loans down to $15.44 billion as high global interest rates made dollar debt increasingly expensive. According to the latest data from the Bangko Sentral ng Pilipinas (BSP),...
Enrique M. Aboitiz, chairman of Aboitiz Equity Ventures Inc., was appointed as an independent director to the board of International Container Terminal Services Inc., the port operator led by billionaire Enrique Razon. Aboitiz will join the board on Jan. 1, 2026, to serve the unexpired term of...
In March 1996, the quiet towns of Marinduque became the epicenter of news headlines when a mine tailings spill from the Marcopper Mining Corporation unleashed devastation across the province. Over two million metric tons of toxic mine waste flowed into the Boac and Makulapnit Rivers, poisoning...
DAVAO CITY (PNA) – At least 126 people were downed by a diarrhea outbreak in Barangay Napungas, Asuncion, Davao del Norte, an official said Thursday, Aug. 18. WATER containers are prepared for distribution to residents after a diarrhea outbreak in Barangay Napungas, Asuncion Davao del Norte....
Ma-an L. Asuncion-Dagñalan gets ready for her Cinemalaya debut Cinemalaya is now a debutante! Its 18th edition is slated from Aug. 5 to 14 at cinemas and the Cultural Center of the Philippines. We take a look at one of the newest female filmmakers in the lineup, Ma-an L. Asuncion-Dagñalan...
The Department of Finance (DOF) wants large foreign digital service providers (DSP) to remit to the Bureau of Internal Revenue (BIR) the value-added tax (VAT) in transactions that go through their platforms. Finance Director Euvimil Nina R. Asuncion said the DOF supports House Bill (HB) No. 7425...
The newly-refurbished Plaza Asuncion is one of Manila Mayor Francisco “Isko Moreno” Domagoso’s fulfilled promises for Manilenyos. SCREENSHOT FROM MAYOR ISKO MORENO'S FACEBOOK LIVE/ MANILA BULLETIN “Masaya ako para sa inyo. Nagbitaw ako ng salita sa inyo (I’m happy for all of you. I gave...
As part of the Manila city government’s initiative to create more green spaces within the city, the recently refurbished Plaza Asuncion in Malate, Manila was inaugurated on Monday, Jan. 17. The park is located on Asuncion Street right beside the Manila Zoo in Malate, Manila. It has an area of...
We ask some to share they're most memorable moments this pandemic This prolonged lockdown has made us look at things differently. How we choose to spend our time, and how we look at each scenario has made us appreciate each and every single moment that we spend here on earth. And now that children...
