Razon-led Bloomberry Resorts Corp. reported a 52 percent fall in net income to ₱1.9 billion in the first half of 2025 from ₱4.0 billion in the same period last year due to weaker earnings from Solaire Entertainment City (SEC) as well as operating expenses of its new online gaming platform. In a...
With an already narrow output gap and the economy in a “goldilocks” or ideal state, the Bangko Sentral ng Pilipinas (BSP) said slashing key borrowing costs further by three-quarters of a point is unlikely, with two cuts more likely than one. “I think two is more likely than one. Two is still...
Despite recent interest rate cuts by the Bangko Sentral ng Pilipinas (BSP), inflation hitting nearly six-year lows in recent months, and still-muted second-quarter growth in some sectors, further reductions in key borrowing costs are seen as necessary. “We think the second-quarter GDP [gross...
Amid expectations of slower economic growth and lower inflation this year, global investment banking giant Goldman Sachs sees more interest rate cuts by the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) during the next three quarters before pausing its easing cycle. In an Aug. 7 report,...
The Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) lauded President Ferdinand “Bongbong” Marcos Jr.’s assurance that the first parliamentary elections in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will proceed as scheduled on October 13....
The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
The police power of the town mayor of San Simon, Pampanga was suspended by the National Police Commission (Napolcom) after he was arrested for extortion, it was bared on Friday. Aug. 8. Commissioner Rafael Vicente R. Calinisan, vice chairperson and executive officer of the Napolcom, ordered the...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. commended India’s firm stance against China as a model for balancing diplomacy and defense, stressing that “soft power” must be backed by “hard power” to safeguard national interests. Teodoro underscored the importance...
PHINMA Corp. reported a consolidated net loss of ₱226.92 million in the first half of 2025 from a profit of ₱170.93 million in the same period last year due to losses of its construction materials and property units amid “pressure from the macroeconomic environment and the impact of seasonal...
Real estate magnate Manuel B. Villar Jr. ranks as the only Filipino in the top 100 of Bloomberg’s Billionaire’s Index, a list of the world’s 500 richest based on their total net worth. Villar placed 99th in the list with a net worth of $23.1 billion, $617 million or 2.7 percent more than a...
The Bureau of Internal Revenue (BIR) filed multiple criminal complaints against buyers of “ghost receipts” to crack down on fraudulent tax evasion schemes. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said the bureau filed criminal complaints before the Department of Justice (DOJ) on...
Earnings of Pangilinan-led gold producer Philex Mining Corp. continued to decline as its Padcal mine is almost depleted and as it continues to spend to bring its Silangan mine to commercial production. In a disclosure to the Philippine Stock Exchange, the firm said its core net income fell 67...
