The Bangko Sentral ng Pilipinas (BSP), through a Monetary Board Resolution, has approved the planned merger of Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC). In a disclosure to the Philippine Stock Exchange (PSE), Ayala-led BPI said that the BSP approved the merger...
The implementation of financial literacy programs would help overseas Filipino workers (OFWs) maintain their financial resources over the long term, particularly as many of them are aiming to retire early, a study by the Philippine Institute of Development Studies (PIDS) revealed. In a study titled...
Davao City’s Lyka Labrica Catubig easily walked away in the wee hours of the morning with first gold medal while national swimmer Miguel Barreto of Bulacan scored a golden double to highlight first full day of action in the Philippine National Games at the Philsports Complex in Pasig on Monday,...
The local stock market ended a few points down as investors started to take profits after US Federal Reserve officials cooled down rate cut expectations. The main index shed 2.94 points or 0.05 percent to close at 6,475.50 as sectoral indices were evenly split. A total of 602 million shares changed...
The Philippine National Police Public (PNP) has prepared contingency measures to ensure peace order amid the extension of the transport strike to two more weeks in protest of the mandatory consolidation of jeepney drivers and operators into either a cooperative or a corporation. The Dec. 31...
Senator Sherwin Gatchalian has joined other senators in pushing for a measure seeking to modernize the Philippine Coast Guard (PCG) amid the worsening tensions between Manila and Beijing over the latter’s continuing incursions into the West Philippine Sea. In filing Senate Bill No. 2516,...
NTF-WPS spokesperson Jonathan Malaya (Screenshot courtesy of PTV livestream) Chinese maritime forces have departed Ayungin (Second Thomas) Shoal, the National Task Force for West Philippine Sea (NTF-WPS) confirmed on Monday, Dec. 18, as it dispelled rumors that the foreign boats and ships were...
State-run Philippine National Oil Company (PNOC) is engaging into a new business niche by positioning as retail electricity supplier (RES), primarily to satiate the power supply requirements of the government agencies nationwide. In an interview, PNOC President and CEO Oliver B. Butalid indicated...
West Philippine Sea (Wikipedia) The proposed P5.768-trillion national budget for 2024, which President Marcos is expected to sign into law into the coming days, includes funds for the "robust defense of the West Philippine Sea (WPS)". House Speaker...
This week, the stock market could still benefit from positive sentiment due to prospects of rate cuts next year although last week’s rally may result in some profit-taking prior to the long Christmas weekend. “The policy easing prospects of the Federal Reserve may still provide support to the...
TOKYO, Japan —The Philippines and Japan forged two agreements on coast guard and environmental protection on Sunday, Dec. 17. President Marcos witnessed the document exchange between Japan and the Philippines memorandum of cooperation on Coast Guard and environment. (Photo courtesy of...
Stressing the need to find new solutions over the increasing tensions in the West Philippine Sea, President Marcos wants to forge more alliances, particularly multilateral, with other countries. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Yummie Dingding/PPA Pool) Marcos said the...
