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...
One lucky bettor became an instant millionaire after correctly guessing the six-digit winning combination of Lotto 6/42, winning P57.6 million during Thursday night’s draw, July 2. According to the Philippine Charity Sweepstakes Office (PCSO), the bettor correctly guessed the winning...
The government is looking to include 5,059 priority programs and projects (PAPs), with an investment requirement of almost ₱4.03 trillion, in the proposed 2027 national budget to sustain public investments, especially in infrastructure as well as social development. According to the Department of...
Equities market rose for a second consecutive session as investors welcomed the World Bank’s reclassification of the country’s economic status and the steady performance in domestic manufacturing. The Philippine Stock Exchange index (PSEi) gained 56.46 points, or 0.93 percent, to close at...
Live music in the Philippines runs on a simple setup. An organizer mounts a show, books a venue, negotiates artists ' fees, handles logistics and promotions, and fans buy tickets to see their favorite acts. At its core, the system relies on trust. But according to artists, venues, labels, and...
Local equities stayed largely subdued in the first half of the year, yet a handful of corporate restructuring plays and tycoon-backed ventures triggered rallies for select companies. While the Philippine Stock Exchange Index (PSEi) ticked lower by 15.75 points, or 0.26 percent, to close out the...
A progressive group has rejected the move of the Office of the Ombudsman (OMB) to make former Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan a state witness in flood-control cases involving high-ranking government officials, saying it is unacceptable for Bonoan to get off...
Casino operator Hann Philippines Inc. (HPI) has secured government incentives for its flagship Hann Reserve project, backed by an initial investment of at least ₱10 billion, according to the Philippine Economic Zone Authority (PEZA). In a statement on Wednesday, July 1, PEZA said it signed a...
Local equities snapped a streak of losses, joining the broader regional rally as diplomatic efforts to ease Middle East tensions soothed investor anxiety and drove oil prices down. The Philippine Stock Exchange index (PSEi) advanced 32.09 points, or 0.53 percent, to close at 6,069.26. Despite the...
The Philippine Chamber of Commerce and Industry (PCCI) warned that the newly mandated ₱85 daily minimum wage hike could exacerbate inflation and force businesses to accelerate automation, calling for government intervention to lower the cost of living instead of relying solely on wage...
