Mobile payment providers Apple Pay and Google Pay will not need to register with the Bangko Sentral ng Pilipinas (BSP) if they plan to enter the Philippine market, as the central bank does not qualify them as operators of payment systems (OPS). BSP Deputy Governor Mamerto Tangonan stated that the...
The Philippine Army (PA) said Monday, Aug. 4, that it has relieved two ranking military officers and 19 enlisted personnel after a newly-minted soldier died during reception rites in Maguindanao del Sur last week, an incident that poses a significant test for newly appointed Army commanding...
Private-sector economists expect the Philippine economy to have expanded at a faster pace in the second quarter, compared to the first three months, driven by robust household consumption during the midterm election period, even amid external headwinds. The consensus growth forecast stands at 5.6...
The Philippine Economic Zone Authority (PEZA) is capitalizing on the threatened 19 percent United States (US). tariff rate on Philippine goods, presenting it as a key incentive to draw in much-needed Japanese investments amid their recent decline. The Philippines is set to face a 19 percent...
After performing among the worst of Asian currencies last week, the Philippine peso is still expected by Japanese financial giant MUFG Bank Ltd. to gradually appreciate and return to the ₱56:$1 level next year. “All Asian currencies depreciated against the United States (US) dollar [last] week,...
Philippine Business Bank reported that its net income inched up three percent to ₱1.07 billion in the first half of 2025 from ₱1.03 billion in the same period last year as interest income rose despite stiffer competition and higher provisioning. In a disclosure to the Philippine Stock Exchange,...
The local stock market will be taking cues from several Philippine economic reports—including inflation, jobs, and gross domestic product (GDP)—as well as corporate earnings while the recent weakness of the peso and concern over United States (US) tariffs will continue to cast a shadow over...
The Philippine Marine Corps (PMC) will integrate special operations training into the standard career path of its personnel, aiming to enhance combat readiness and raise the bar for all troops. PMC Commandant Major General Vicente MAP Blanco III said the move aims to expand the skill set of all...
Braving censorship, storms, both literal and political, and the vastness of contested waters, the independent documentary “Food Delivery: Fresh from the West Philippine Sea” has finally found its way to Filipino audiences. Directed by award-winning filmmaker Baby Ruth Villarama, the film tells...
The local stock market finally paused from its six-day losing streak as investors finally decided to pick up bargains after the United States (US) extended its tariff deadline. The main index rose by 53.40 points, or 0.85 percent, to close at 6,306.13. Conglomerates led the advance, although miners...
Lt. Gen. Antonio G. Nafarrete, newly-installed commanding general of the Philippine Army (PA), bared his command guidance and strategic priorities during his first command conference at the Army headquarters in Fort Bonifacio in Taguig City on Friday, Aug. 1. Nafarrete issued his marching order...
Flag carrier Philippine Airlines (PAL) will start transferring select turboprop-operated domestic routes from Manila’s Ninoy Aquino International Airport (NAIA) to Clark International Airport (CRK) and Mactan Cebu International Airport (CEB) starting Oct. 26, 2025. To comply with the...
