Ayala-led Bank of the Philippine Islands (BPI) is opening an office in Singapore in October to serve high-net-worth Filipino clients who want to invest overseas. In an interview, BPI President Jose Teodoro K. Limcaoco said, “We 're opening an office to serve Filipino clients in the ASEAN...
Despite a muted overall performance, Philippine factory growth observed in June has been sustained through July, with manufacturing firms growing more optimistic about consumer demand for their products. According to the latest data from debt watcher S&P Global released on Friday, Aug. 1, a growth...
Changing affiliations, more popularly known as “rigodon,” is a common occurrence in both banking and journalism. This traditional formal dance, also called the “Rigodon de Honor,” evolved from dances brought to the Pacific Islands by Spanish settlers in the 16th century. Research shows that...
The Philippine Competition Commission (PCC) has cleared the proposed joint venture between Ayala Corp. and Mitsubishi Corp., stemming from the latter’s acquisition of a 50 percent stake in Ayala-led AC Ventures Holding Corp. In a statement on Thursday, July 31, the country’s antitrust body...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Thursday, July 31 said a low-pressure area (LPA) just outside the northern boundary of the Philippine Area of Responsibility (PAR) has a high chance of developing into a tropical cyclone within the next 24...
The Philippine Stock Exchange index (PSEi) extended its losing streak, dropping 65.50 points or 1.04 percent to close at 6,252.73 on Thursday, July 31. Mining shares led the broad retreat. Volume increased to 902 million shares valued at P7.85 billion, with losers outnumbering gainers 134 to 61,...
Citing a lackluster performance that the Philippine economy has been showing since its recovery from the Covid-19 pandemic, climbing to the high-income-status target 15 years from now could be impossible, the country’s chief socioeconomic planner stated. Department of Economy, Planning, and...
Senator Erwin Tulfo on Thursday, July 31, made a call to e-wallet corporations to initiate the removal of online gambling links on their platforms as a form of social responsibility. Tulfo, Chairperson of the Senate Committee on Games and Amusement, made the call ahead of the upcoming hearings on...
In a significant step toward digital health transformation, the Department of Health (DOH), in partnership with UNICEF and with funding support from the Government of Japan, officially launched DigiVacc—a digital immunization platform designed to modernize how vaccination records are managed,...
President Marcos expressed confidence that new Philippine Army chief Lieutenant General Antonio Nafarrete will maintain the Army 's integrity and professionalism. Marcos led the change of command of the Philippine Army on Thursday, July 31 at the Fort Andres Bonifacio in Taguig City. He named...
The country’s rice production is expected to reach an all-time high this year, as government interventions and improved weather conditions drove strong output in the first half, according to the Department of Agriculture (DA). Based on data from the Philippine Statistics Authority (PSA),...
The Philippine Stock Exchange index (PSEi) closed in the red for the fifth consecutive day, as investors exercised caution ahead of an Aug. 1 deadline for talks on US tariffs. The main index shed 7.19 points, or 0.11 percent, to close at 6,318.23 on Wednesday, July 30. Banks led the decline, while...
