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”...
While Philippine monetary authorities maintained the current policy rate at 4.25 percent in a rare off-cycle meeting, the Bangko Sentral ng Pilipinas (BSP) said it would hike key interest rates if second-round effects from war-driven oil supply shocks occur. “Once we see second-round effects from...
Even as foreign lenders expect the Bangko Sentral ng Pilipinas (BSP) to tighten sooner rather than later, as inflation could breach what is deemed manageable this year, the central bank decided to keep the policy rate unchanged in a rare off-cycle meeting on Thursday, March 26. While inflation is...
The Anti-Money Laundering Council (AMLC), the Philippine financial intelligence unit, has begun searching for its next executive director as Matthew David prepares to step down and seek another position within the Bangko Sentral ng Pilipinas (BSP). David led several asset freezes and seizures...
Around 40 financial technology (fintech) companies are now phasing out one-time passwords (OTPs) in their security systems, as the financial industry races to meet the Bangko Sentral ng Pilipinas’ (BSP) midyear deadline for adopting more advanced anti-fraud systems. Lito Villanueva, founding...
DAVAO CITY – The Davao City Council passed a resolution on Thursday, March 19, urging all participants in the 2026 Araw ng Dabaw Civic Parade to join the event on foot and refrain from using fuel-powered and electric vehicles. Committee on Government-Owned Properties chairperson Councilor J....
Tiger Resort, Leisure & Entertainment Inc., the operator of Okada Manila, has tapped leading local gaming service provider PhilWeb Corp. to introduce a new online gaming platform under the brand Okada Play. Under the agreement, PhilWeb will deliver a comprehensive online gaming platform (OGP)...
DAVAO CITY – Vice President Sara Duterte announced on Saturday, March 14, her tentative plan to attend the celebration of the 89th Araw ng Dabaw, which coincides with the 81st birth anniversary of her father, former President Rodrigo Duterte, on Saturday, March 28. "I will be here for the Araw ng...
The ongoing conflict has created economic shockwaves, leaving the oil supply hanging in the balance and price pressures threatening our collective affordability. Yes Virginia, there’s no stopping inflation from rearing its ugly head. It could stay with us indefinitely depending on the resolution...
