The Philippine Stock Exchange Index (PSEi) rose further as investors picked up cheaper stocks following the end of the United States government shutdown and speculation of a possible rate cut. The main index added 12.97 points, or 0.23 percent, to close at 5,726.99 on Thursday, Nov. 13. Miners and...
LT Group Inc. (LTG), taipan Lucio Tan’s holding company for Philippine investments, reported a 15-percent growth in attributable net income to a record-high ₱22.57 billion for the first nine months of 2025, as almost all subsidiaries posted higher profits. In a disclosure to the Philippine...
President Marcos attributed the country’s slower third-quarter economic growth to climate disruptions and global headwinds, assuring that a surge in public spending would help restore momentum before the year ends. Marcos said this as the peso hit a record low of P59.17 to the US dollar on...
Ayala Corp., the country’s oldest conglomerate, reported a sharp increase in profits for the first nine months of the year, driven by one-time gain tied to the revaluation of its stake in Gcash owner Mynt. In a disclosure to the Philippine Stock Exchange on Thursday, Nov. 13, the holding company...
Philippine Army (PA) engineer units are working non-stop to reopen blocked roads and reconnect isolated communities in Aurora and Cebu in the wake of two devastating storms that struck the country, a military spokesperson said Wednesday, Nov. 12. In Aurora, where Super Typhoon “Uwan” made...
The Bank of the Philippine Islands (BPI) has partnered with Robinsons Retail Holdings to enable millions of clients to securely obtain up to ₱10,000 in free cash withdrawals directly at retail checkouts using only their mobile app. BPI said its clients can now obtain cash securely without an ATM...
The Philippine gaming sector’s high-speed growth was decelerated sharply in the third quarter, with industry-wide gaming revenue (GGR) plateauing at ₱94.51 billion, a nominal decline from ₱94.61 billion a year earlier. In a statement on Tuesday, Nov. 11, Alejandro H. Tengco, Pagcor chairman...
The Philippine Stock Exchange Index (PSEi) extended its downward spiral, as mixed corporate results failed to lift investor sentiment. On Tuesday, Nov. 11, the main index fell 73.57 points, or 1.29 percent, to close at 5,629.07. The decline was led by the Banks sector, while Services bucked the...
Ayala-led Bank of the Philippine Islands (BPI) remains optimistic about its prospects despite the country 's slower-than-expected economic growth in the third quarter, betting on easing interest rates to boost loan growth. BPI President and Chief Executive Officer Jose Teodoro K. Limcaoco...
Flag carrier Philippine Airlines (PAL) reported a 22 percent growth in its net income to over ₱9 billion for the January-to-September period, as robust demand for its core services offset higher operating costs. In a public disclosure, PAL’s parent company, PAL Holdings Inc., reported that its...
Following widespread destruction and flooding caused by Typhoons Tino and Uwan, thousands of displaced families are receiving critical support from World Vision Philippines. The organization has launched emergency relief operations for families devastated by “Uwan” and “Tino,” which...
Although Typhoon Uwan (international name: Fung-Wong) exited the Philippine Area of Responsibility (PAR) early Tuesday, November 11, the Philippine Red Cross (PRC) continues to intensify its relief and recovery operations in provinces hardest hit by the storm. According to PRC’s latest situation...
