The debate continues on the extent of the damage the flood control mess has inflicted on the market value of listed companies, with estimates of the loss ranging from a low of ₱185 billion to a high of ₱5 trillion. Admittedly, regardless of the exact figure, the anomalies plaguing the...
The Philippine Stock Exchange index (PSEi) was almost unchanged on Thursday, Oct. 16, after late selling erased the day’s gain as investors locked in profits while waiting for the start of the third-quarter earnings season. The main index shed just 0.43 points, or 0.01 percent, to close at...
The Philippine Red Cross (PRC) on Thursday, October 16, announced that it has received a fully equipped food truck from the Turkish Cooperation and Coordination Agency (TİKA) to enhance its disaster response and humanitarian operations across the country. In a statement, the PRC said the donation...
The Department of Public Works and Highways (DPWH) will undertake the restoration of the fire-damaged Manila Central Post Office with firm emphasis on integrity and heritage preservation to ensure transparency and protect the cultural significance of the historic landmark. The project was...
Over 225,500 Philippine National Police (PNP) officials and personnel will receive a 2023 performance-based bonus (PBB) totaling ₱3.39 billion, as the Department of Budget and Management (DBM) has approved its release. According to the DBM bonus release, which will come from the Miscellaneous...
The Bank of the Philippine Islands (BPI) won six awards at the Asian Banking & Finance (ABF) Retail Banking Awards 2025, reaffirming its position as a strong leader in the Philippine banking industry. “We are honored to be recognized by Asian Banking and Finance. These awards affirm our...
Bank of the Philippine Islands (BPI), the financial services arm of the Ayala Group, posted a 5.2-percent improvement in net income to ₱50.5 billion in the first nine months of 2025 from the ₱48 billion earned in the same period last year. The bank said in a disclosure to the Philippine Stock...
The Philippine Stock Exchange index (PSEi) rose for a third straight session as investor sentiment improved amid a firmer peso and prospects for further central bank interest-rate cuts. The main index, or PSEi, added 17.88 points, or 0.29 percent, to close at 6,094.10 on Wednesday, Oct. 15,...
After responding to three typhoons and eight earthquakes in recent months, the Philippine Red Cross (PRC) on Tuesday, October 14, said it continues to work tirelessly on the frontlines of disaster relief — this time extending urgent aid to communities struck by the recent “doublet...
The Philippine Stock Exchange index (PSEi) gained ground, boosted by easing United States-China trade tensions and investor anticipation of more rate cuts from the Bangko Sentral ng Pilipinas (BSP). The main index rose 23.89 points (0.39 percent) to finish at 6,076.22 on Tuesday, Oct. 13. The...
The Philippine Competition Commission (PCC) has approved the proposed acquisition deal between Metanoia South Pte. Ltd. and Copper Smelting Investments Ltd., finding that the agreement poses no competition risks. The PCC said the acquisition was approved following a Phase 1 review, which determines...
The Armed Forces of the Philippines (AFP) confirmed on Tuesday, Oct. 14, that the Philippine Navy (PN) destroyed an erected steel structure in Bajo de Masinloc (Scarborough or Panatag Shoal) in 1997, following an unauthorized construction attempt by Chinese forces. This should serve as a reminder...
