Motorists are getting another round of relief as oil prices are set to go down further this week. Starting Tuesday, July 8, gasoline prices will decrease by ₱0.70 per liter, diesel by ₱0.10 per liter, and kerosene by ₱0.80 per liter. Shell Pilipinas, Seaoil, PetroGazz, and PTT are among the...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. expressed doubts on China’s intent to lead the signing of a treaty that establishes a nuclear weapon-free Southeast Asia. Teodoro said that China should show its sincerity first by denuclearizing its country and be subjected to...
The Philippines has consistently earned its place on the global stage, this time, in the world of golf. With courses that meet international standards in design and experience, the country continues to make its mark. Anvaya Cove Golf & Sports Club is the latest to gain international attention. Its...
Po family-led restaurant group Shakey’s Pizza Ventures Inc. (SPAVI) is expanding its Potato Corner kiosk business to Taiwan and Laos, tapping into the more substantial growth potential in the overseas market, particularly in Asia. “These are two exciting markets that we believe would have some...
SM Prime Holdings, Inc., one of Southeast Asia’s leading integrated property developers, bagged six major awards at the 15th Asian Excellence Awards held by Corporate Governance Asia on June 27 in Hong Kong. In a statement, the firm said the recognition affirms SM Prime’s leadership in...
Coming in the heels of its record performance last year, Asia United Bank (AUB) is confident that it will register a stronger financial performance in 2025 despite geopolitical and economic headwinds buffeting global markets. “We look to 2025 as a stronger year for the country, for the banking...
A slightly higher inflation rate that remains below two percent in June would allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates some more in August, economists said. In a June 27 report, Deutsche Bank Research economist Junjie Huang said headline inflation could have inched up to...
While the Philippine peso is expected to weaken further due to pressure from the latest central bank easing and ongoing Israel-Iran tensions, the University of Asia and the Pacific (UA&P) has projected that second-quarter economic growth accelerated faster than in the first quarter on still-tame...
Shakey’s Pizza Asia Ventures Inc. (SPAVI) is making a bigger push to expand its operations in the United States (US), although this will be spearheaded by its snack brand Potato Corner instead of its flagship pizza restaurants. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
The Department of Social Welfare and Development (DSWD) has partnered with the non-government organization (NGO) Climate Conflict Action Asia (CCAA) to improve government services for Indigenous Cultural Communities (ICCs) and Indigenous Peoples (IPs) across the country. The collaboration, called...
The peso dropped to the ₱57 level against the United States (US) dollar on Thursday morning, June 19, ahead of the expected Bangko Sentral ng Pilipinas (BSP) interest rate cut later in the day. According to the Bankers Association of the Philippines (BAP), the local currency opened at ₱57.1,...
The consumer sector continues to show signs of post-pandemic growth with SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, reporting a 15 percent increase in first-quarter foot traffic at its flagship Mall of Asia (MOA) Complex. The firm said that...
