Large companies' heavy reliance on bank loans, particularly from major local banks, could amplify vulnerabilities within the Philippine financial sector, according to the 2024 Financial Stability Report (FSR). "Corporates’ heavy reliance on bank funding could amplify credit risks to the financial...
The local stock market resumed its downward trend after a minor pause the previous day as Trump's tariff pronouncements continue to unnerve investors. The PSEi lost 26.54 points or 0.43 percent to close at 6,139.51 although sector indices were equally divided. Volume dipped to 828 million...
The Securities and Exchange Commission (SEC) is not abandoning the 20-percent minimum public ownership of rule for initial public offerings (IPOs), although it has approved the plan of the Philippine Stock Exchange (PSE) to relax its implementation of this requirement to make it easier for large...
Singapore-based DBS Bank Ltd. expects the Philippine economy to again grow below its target in 2025, despite benefiting from being outside the scope of United States (US) President Donald Trump's tariffs. "Direct impact from US tariffs is likely to be limited, with the Philippines' contribution to...
Reelectionist senator Ronald “Bato” Dela Rosa has four security escorts, the Philippine National Police (PNP) disclosed on Wednesday, March 26, as it rejected his claim of security recall after the arrest of former president Rodrigo Duterte. While it is true that two police escorts were pulled...
SAN FABIAN—The head of a tobacco farmers group has called for the appointment of a tobacco czar who will strictly administer the implementation of the law to prevent the rampant tobacco smuggling activities in the country. Saturnino Distor, president of Philippine Tobacco Growers...
The Philippine Stock Exchange index (PSEi) managed to stay above the red line on late bargain-hunting as investors start betting on a rate cut next month. The main index added 6.20 points or 0.10 percent to close at 6,166.05 as the Services sector led the advance while Conglomerates and...
Estelito "Titong" Patdu Mendoza From defending powerful tycoons in high-profile corporate battles to serving as the government's chief legal strategist, Estelito Mendoza's career was a tapestry of legal victories and controversies. Mendoza, “Titong” to those who knew him, was a prominent...
ILOILO CITY — The Philippine Statistics Authority reported a 96.7 percent employment rate for women in Western Visayas region in 2023. VENDORS at the public market in San Miguel town, Iloilo province are mostly women. (Tara Yap) “In terms of magnitude, the number of employed...
Economists at Bank of the Philippine Islands (BPI) believe that the plan of former President Rodrigo Duterte’s supporters, especially overseas Filipinos workers (OFWs), to protest his detention by the International Criminal Court (ICC) at The Hague through a “zero-remittance week” could do...
(L-R) Cadet 1st Class Midshipman Jhoco D. Apal and Cadet 1 st Class Aerocadet Joshua Willie J. Ramos (Photo: Philippine Defense and Armed Forces Attaché-Japan) Two cadets from the Philippine Military Academy (PMA) have graduated from Japan’s prestigious National Defense Academy (NDA), marking a...
Bankers Florido P. Casuela (left) and Edwin R. Bautista (right) Taipan Lucio Tan’s Philippine National Bank is replacing its current President and CEO Florido P. Casuela with former Union Bank of the Philippines President Edwin R. Bautista effective April 29, 2025. In a disclosure to the...
