Dividend remittances of government-owned and/or -controlled corporations (GOCCs) fell 17.2 percent to ₱114.6 billion in 2025, driven by a sharp contraction in the Bangko Sentral ng Pilipinas’ (BSP) remittance after leading in two consecutive years. The latest data from the Bureau of the...
The Bangko Sentral ng Pilipinas (BSP) is facing mounting pressure to abandon its steady policy stance as domestic and foreign lenders warn that persistent supply shocks are beginning to seep into the broader economy. A growing chorus of economists expects the BSP to raise its benchmark interest...
Gaming technology provider PhilWeb Corp. secured official accreditation from the Philippine Amusement and Gaming Corp. (Pagcor) to act as a service provider and affiliate, clearing the way for the company to deepen its footprint in the country’s regulated gambling sector In a disclosure to the...
The Philippine Exporters Confederation Inc. (Philexport) has expressed strong support for proposed amendments to the Magna Carta for micro, small, and medium enterprises (MSMEs), while stressing that reforms must deliver concrete benefits such as improved access to financing and more favorable loan...
Philippine companies are growing more optimistic about the broader economic outlook even as they scale back plans to expand operations, citing intense market competition and the lingering weight of high interest rates. “Businesses expect steady consumer demand throughout the year. Firms also see...
DAVAO CITY – Vice President Sara Duterte said she was surprised after several visiting political figures expressed support for her possible 2028 presidential bid during the "Parada Dabawenyo," the highlight of the 89th Araw ng Dabaw celebration in Davao City. Speaking to reporters on the...
Ospital ng Maynila has reached a new milestone in public healthcare after successfully performing its first angioplasty procedures, marking the hospital 's entry into advanced cardiac care. Manila City Health Officer Dr. Grace Padilla announced on Saturday, March 28, that two angioplasty...
DAVAO CITY – Davao City Mayor Sebastian Z. Duterte underscored unity, discipline, and collective responsibility among Davaoeños during the Parada Dabawenyo on Saturday morning, March 28, one of the highlight events of the 89th Araw ng Dabaw celebration. In his address, Mayor Duterte emphasized...
Gilas Women and head coach Pat Aquino have parted ways, the Samahang Basketbol ng Pilipinas announced on Saturday, March 28. “The SBP thanks coach Patrick Aquino for everything that he has done for the program and for all his efforts in the development of women’s basketball in the...
Residential property prices posted their slowest inflation rate in nearly seven years, or since before the Covid-19 pandemic, as Filipinos stepped on the brakes on borrowing from banks to purchase housing amid tighter lending standards. “Residential property prices in the Philippines continued to...
The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
