The Philippine Stock Exchange index (PSEi) recovered the previous day’s loss on more substantial remittance numbers as well as hopes that the Israel-Iran conflict will de-escalate. The main index added 10.61 points or 0.17 percent to close at 6,3699.19. Industrials led the advance while Banks...
ILOILO CITY – The inflation rate in Western Visayas region dropped for the second consecutive month, the Philippine Statistics Authority-6 said. The agency said the inflation rate dropped 0.3 percent from 1.8 percent in April to 1.5 percent in May. “The downtrend was mainly due to the slower...
Flag carrier Philippine Airlines (PAL) has relaunched its cargo service to stay in tune with the latest developments in the cargo industry, amid the impending threat of tariff policies that could disrupt global trade. During a media launch on Monday, June 16, the Lucio Tan-led airline unveiled the...
The Armed Forces of the Philippines (AFP) said it is not concerned about the United States shifting its military assets away from the South China Sea in response to the rapidly escalating conflict in the Middle East. Rear Admiral Roy Vincent Trinidad, Philippine Navy (PN) spokesperson for the West...
Mazda Philippines has deepened its involvement in environmental conservation with the launch of the 1,500 Pangolin Project, a year-long initiative that ties vehicle sales to real-world wildlife protection efforts. Starting May 2025, Mazda will donate ₱1,500 from every new unit of the Mazda BT-50...
While no Filipinos have been reported hurt in Iran due to Israel’s missile attacks, Department of Foreign Affairs’ (DFA) Undersecretary Eduardo de Vega said disclosed that “some Filipinos” have been left traumatized by the airstrikes between Israel and Iran. De Vega told ANC 24/7 on...
The ongoing war between Israel and Iran pulled down the PSEi as it made investors jittery. The main index dropped 37.01 points, or 0.58 percent, to 6,358.58, although sectoral indices were evenly split. Volume was strong at 1.07 billion shares worth ₱8.82 billion, as losers outnumbered...
The Philippine peso continued to weaken on Monday, June 16, after slipping back to the ₱56 level against the United States (US) dollar on Friday last week due to escalating conflict in the Middle East. The local currency further depreciated at the start of the week, closing at ₱56.41,...
The Armed Forces of the Philippines (AFP) welcomed the possible deployment of a second battery of the Typhon mid-range capability (MRC) to the country by the United States government. AFP spokesperson Colonel Francel Margareth Padilla said the move will further strengthen the deterrence...
The Philippine Army (PA) hailed on Monday, June 16, the achievements of the 8th Infantry Division (8ID) against the communist insurgency in Eastern Visayas (Region 8). Lt. Gen. Roy Galido, PA commanding general, visited the headquarters of 8ID at Camp Vicente Lukban in Catbalogan, Samar over the...
Two Filipino military cadets have successfully completed their pre-commissioning training at the Indian Military Academy (IMA) in the city of Dehradun, northern state of Uttarakhand, India. Second Lieutenants Anthony Ehapon and Len John Kent Valbarez received their rank insignias from Lt. Gen....
Four Filipinos, with one of them in critical condition, were injured due to Iran’s retaliatory attacks against Israel, according to the Department of Foreign Affairs (DFA). In a statement posted on Facebook on Sunday midnight, the Philippine Embassy in Tel Aviv said that a Filipina caregiver is...
