Japanese financial giant MUFG Bank Ltd. warned that the Philippine peso could plunge to as low as ₱64.5 against the United States (US) dollar if the Middle East war re-escalates, with the decline worsened further by a global “super” El Niño and a hawkish US central bank. MUFG analysts wrote...
DoubleDragon Corp., the property developer backed by tycoons Tony Tan Caktiong and Edgar Sia II, reported a record ₱27.91 billion in revenue last year, propelled by an aggressive overseas expansion of its condotel brand. The firm told the Philippine Stock Exchange that revenue surged 56.3 percent...
Philippine manufacturing activity returned to growth in May as output and new orders recovered, but factories continued to shed jobs while cost pressures intensified amid supply-chain disruptions and the prolonged war in the Middle East, S&P Global said. In a report on Monday, June 1, S&P Global...
The Department of Education (DepEd) is pushing for intensified efforts to expand access to international scholarships and exchange programs for public school teachers, saying global exposure is a necessary investment in improving the country’s basic education system. During the Teach Beyond...
MREIT Inc., the real estate investment trust backed by billionaire Andrew Tan’s Megaworld Corp., plans to acquire ₱25 billion worth of commercial assets in a deal that will transform the firm from a pure-office landlord into a diversified property trust. The company signed a memorandum of...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to continue raising interest rates to contain surging inflation despite the risk of slower economic growth. In a May 22 report, Japanese financial giant MUFG Bank Ltd. said the Philippines is facing one of the most severe...
Global Ferronickel Holdings Inc., one of the country’s top nickel ore producers, reported a 91 percent surge in first-quarter net income as surging global metal prices countered the drop in shipment volumes caused by adverse weather. Net income attributable to equity holders of the parent company...
The growth of global merchandise trade is expected to ease to as low as 1.5 percent this year as geopolitical tensions cast doubt on supply chains and threaten demand for critical inputs such as semiconductors, according to the United Nations Conference on Trade and Development (UNCTAD). In its...
Alliance Global Group Inc. (AGI), the holding company of tycoon Andrew L. Tan, delivered a six-percent growth in net income to ₱7.8 billion in the first quarter of 2026 from the normalized profit of ₱7.4 billion in the same period last year due to higher earnings from its property and spirits...
WASHINGTON (AP) — Scientists are jettisoning their worst and best case scenarios for a warming world as no longer plausible. That shows how modest gains in the fight to curb climate change have dialed back the most catastrophic of future heating but also confirmed that there 's no chance to...
Top township developer Megaworld Corp. plans to expand its hospitality portfolio by opening six new hotels over the next three years, an aggressive buildout that will add nearly 2,000 room keys to its inventory. In a disclosure to the Philippine Stock Exchange, the firm said it is expanding its...
The Philippine peso plummeted again to a new historic low, brushing the whiskers of the ₱62:$1 level on the back of strong demand for the safe-haven United States (US) dollar and a local market that has turned more sensitive to uncertainties. The peso started the week at a new record low against...
