PH Resorts Group Holdings Inc., the gaming firm led by Davao-based tycoon Dennis Uy, terminated partnership talks with EEI Corp. after the government’s gaming regulator revoked the license for its stalled casino project in Cebu. In a disclosure to the Philippine Stock Exchange on Thursday, Dec....
Several parts of the Philippines will continue to experience rainy and cloudy conditions as the Intertropical Convergence Zone (ITCZ), the northeast monsoon (amihan), and prevailing easterlies affect different regions, raising the risk of flash floods and landslides in vulnerable areas. In its...
Ayala-led Bank of the Philippine Islands (BPI) continues to consolidate its businesses, this time with the planned merger of BPI Direct BanKo Inc., A Savings Bank (BanKo) and Legazpi Savings Bank Inc. (LSB), with BanKo as the surviving entity. In a disclosure to the Philippine Stock Exchange (PSE),...
Philippine stocks climbed as a stronger peso and a retreat in crude oil prices spurred bargain hunting following a brief bout of profit-taking. The Philippine Stock Exchange index advanced 23.34 points, or 0.39 percent, to end at 6,079.02 on Wednesday, Dec. 17. While the services sector led the...
Bulbophyllum placochilum J.J. Verm., a rare orchid species once believed to be extinct and previously known only from Borneo, has now been confirmed to occur in the Philippines, marking a significant expansion of its known geographic range. In a recently published study, researchers documented...
Senator Jinggoy Ejercito Estrada has filed a bill seeking to institutionalize West Philippine Sea education in the basic education curriculum to counter the spread of disinformation regarding the country’s territorial rights and maritime domain. In filing Senate Bill No. 1424, or the proposed...
The Philippine Navy (PN) has long been providing security for Filipino fishermen in the West Philippine Sea (WPS) even before President Marcos Jr. directed the Philippine Coast Guard (PCG) to boost protection amid China’s continued presence in the area, Armed Forces of the Philippines (AFP) Chief...
The Philippine Stock Exchange index (PSEi) dipped on last minute profit-taking on Tuesday, Dec. 16, as investors waited for fresh economic data from the United States (US). The main index shed 2.34 points, or 0.04 percent, to close at 6,055.68. The services and mining sectors fell, while the...
European countries are expecting China to exercise restraint after Chinese vessels fired water cannons on Filipino fishermen within the Philippines ' Escoda Shoal, leaving three injured. A statement from European Union External Action, the bloc 's diplomatic service, said EU "condemns the...
The Philippine Red Cross (PRC) on Tuesday, December 16, called on the public to continue donating blood during the holiday season, warning that the annual “lean months” often lead to fewer donors even as hospitals maintain a steady demand for blood for emergencies and medical treatments. In a...
The Department of National Defense (DND) denounced on Tuesday, Dec. 16, the “dangerous and inhumane” actions by Chinese maritime forces against Filipino fishermen near Escoda (Sabina) Shoal where three civilians were injured. DND Secretary Gilberto Teodoro Jr. said China Coast Guard (CCG) and...
The Maharlika Investment Corp. (MIC) is planning to acquire up to 11.2 percent of Asian Terminals Inc. (ATI), the port operator controlled by Eusebio Tanco, for about ₱8 billion, a move intended to lead to the delisting of the company from the Philippine Stock Exchange (PSE). In a disclosure to...
