The Philippine Stock Exchange index (PSEi) closed the week on a positive note as investor sentiment continued to be lifted by lower oil prices and improved macroeconomic signals. The main index rose by 62.31 points, or 1.02 percent, to close at 6,188.03 on Friday, July 3. Miners led the advance due...
The Department of Foreign Affairs (DFA) on Friday, July 3, reminded the public to submit only valid, authentic, and officially issued identification documents when applying for passports and other consular services. In an advisory, the DFA said applicants must ensure that the information reflected...
The Philippine Navy (PN) strengthened its capability to provide emergency medical care during maritime operations after its medical team aboard BRP Miguel Malvar (FFG-06) completed specialized Maritime Tactical Combat Casualty Care (MarTCCC) training during the Rim of the Pacific (RIMPAC) Exercise...
The Ayala Group’s Bank of the Philippine Islands (BPI) reinforced its leadership in sustainable finance, supporting some of the country’s largest and most transformative renewable energy (RE) projects through a series of landmark financing deals worth a total of ₱376 billion. Helping advance...
The country’s rice inventory rose by nearly five percent to 2.35 million metric tons (MT) in June, with commercial stocks expanding on the back of higher rice shipments in recent months, according to the Philippine Statistics Authority (PSA). In a report, the PSA said the country’s total rice...
Sy-led SM Investments Corp. (SMIC) maintained its top-tier credit rating for its ₱7.5 billion outstanding fixed-rate bonds as robust earnings and aggressive expansion in its retail, banking, and property units shore up its financial stability. Philippine Rating Services Corp. (PhilRatings) kept...
Business process outsourcing (BPO) firms are increasingly expanding beyond Metro Manila into key provincial cities as rising costs, congestion, and limited office space in the capital reshape the country’s office market as well as commercial real estate landscape, according to property...
The Philippine Air Force (PAF) said it is refining its operational capabilities by embedding its core values into every mission as the military branch pursues a more modern and capable defense posture. To guide every Air Force personnel, PAF spokesperson Colonel Maria Christina Basco said the...
First Philippine Holdings Corp. (FPH) received directive from the Securities and Exchange Commission (SEC) to proceed with its scheduled July 27 annual stockholders’ meeting, including a partial election of board directors, even as a bitter intra-corporate dispute within the controlling Lopez...
The Philippine Competition Commission (PCC) has imposed a fine of ₱2.17 million on the Boracay Business Administration of Scuba Shops (BBASS) and its members for engaging in anti-competitive behavior by means of price-fixing on the popular island destination. In a statement on Friday, July 3, the...
Canada has reaffirmed its support for the 2016 arbitral ruling on the South China Sea as Manila and Ottawa moved to further deepen their defense and security cooperation following talks between President Marcos and Prime Minister Mark Carney. Speaking during a joint press conference following their...
The value of the country’s merger and acquisitions (M&A) notifications rose by six percent to nearly ₱860 billion in 2025, driven largely by proposed deals in wholesale and retail trade, according to the Philippine Competition Commission (PCC). In its annual report, the PCC said it received 52...
