The Securities and Exchange Commission (SEC) finalized rules imposing a maximum 10-year cumulative term limit for broker-directors of the Philippine Stock Exchange (PSE), standing firm against pushback from local stockbrokers while offering a two-year transition window. Under SEC Memorandum...
Philippine financial system’s total resources swelled to ₱37.45 trillion in the first quarter of 2026, fueled by resilient banking sector that managed to outpace macroeconomic headwinds and heightened geopolitical tensions in the Middle East. Preliminary data from the Bangko Sentral ng...
Manolo Fortich’s own Rolando Bregente Jr. saw himself rising from the fairways of Del Monte Golf and Country Club to rule the inaugural NCAA Season 101 Golf Tournament presented by the Philippine Sports Commission on Wednesday, May 20. The 24-year-old Lyceum of the Philippines University...
The Philippine government has asked the World Bank to restructure and partially cancel over $2.34 million in unused proceeds from a Duterte-era loan supporting the country’s flagship Pantawid Pamilyang Pilipino Program (4Ps), even as the Washington-based multilateral lender cited the project’s...
Global debt watcher Moody’s Ratings affirmed the deposit ratings of the Philippines’ largest lenders—Sy-led BDO Unibank Inc. and Ayala-led Bank of the Philippine Islands (BPI)—citing their strong profitability, solid asset quality, and ample liquidity buffers. Both lenders maintained their...
The Philippine Air Force (PAF) on Wednesday night, May 20, identified the two pilots killed in the crash of an Aermacchi SF-260 trainer aircraft in Tuba, Benguet during a military training flight. In a statement, the PAF identified the fatalities as First Lieutenant Ruth Angelique R. Pasos and...
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
Local stocks edged lower as investors weighed warnings from President Ferdinand Marcos Jr. that persistent global supply disruptions could push the economy into stagflation. The benchmark Philippine Stock Exchange index (PSEi) dropped 3.40 points, or 0.06 percent, to close at 5,893.40 on Wednesday,...
(UPDATED) The Philippine Air Force (PAF) confirmed that one of its trainer aircraft crashed in Tuba, Benguet on Wednesday morning, May 20, prompting an immediate investigation to determine what went wrong in a routine navigation exercise over northern Luzon. PAF spokesperson Col. Ma. Christina...
The Philippine Air Force (PAF) added fresh muscle to its rotary-wing fleet on Tuesday, May 19, after it formally commissioned two new Bell 412EPX utility helicopters during a ceremony at Villamor Air Base in Pasay City. The two aircraft, which arrived in the country on Feb. 27, represent the first...
The Department of National Defense (DND) on Wednesday, May 20, dismissed the latest complaints from China regarding ongoing infrastructure projects on Pag-asa (Thitu) Island and Lawak (Nanshan) Island in the West Philippine Sea (WPS) as it maintained that all activities within these features are...
A nearly seven-year-old policy that froze new Philippine Economic Zone Authority (PEZA) ecozone approvals in Metro Manila may need to be revisited as compliant office space in key central business districts (CBDs) becomes increasingly scarce, according to property consultancy Colliers. In a May 19...
