Philippine Rating Services Corporation (PhilRatings) has maintained its rating of PRS Aa minus for Tranche 3 of MRT Funding Corporation’s Asset-Backed Notes, with a stable outlook. The Asset-Backed Notes issue is a securitization of future dividends from Metro Rail Transit Corporation...
President Marcos has commended the Philippine Ports Authority (PPA) for its ongoing efforts to modernize ports and expand cruise-dedicated facilities, reinforcing the Philippines' position as a premier cruise destination in Asia. PPA General Manager Jay Daniel Santiago said these upgrades are...
The Philippine National Police (PNP) has recorded a 13.5 percent decline in focus crimes from January to the first week of November this year, compared to the same period last year. From 34,883 incidents recorded from January 1 to November 8 last year, PNP spokesperson Brig. Gen. Jean Fajardo said...
China said it is the Philippines, which has become more assertive in countering Beijing’s aggression in the South China Sea, that is causing provocation in the Indo-Pacific region. Lin Jian, spokesman for China’s Foreign Ministry, claimed that every escalation of maritime row between the two...
Former president Rodrigo Duterte (Arnold Quizol/ MANILA BULLETIN) More House members have chided former president Rodrigo Duterte for supposedly leaving out to dry the police officers who were involved in alleged extrajudicial killings (EJKs) during...
The Philippine and the United States Coast Guards have collaborated on training maritime law enforcement authorities from other countries to enhance shared cooperation in addressing challenges at sea. At least 30 delegates from Indonesia, Malaysia, Thailand and Vietnam had participated in the...
Local share prices plunged as the Philippines faces headwinds including a weaker peso, lower foreign investments, and slower economic growth. The main index fell 129.9 points or 1.87 percent to close at 6,810.11 with the Property and Services sectors leading the retreat across the board. Volume...
The Philippine National Police (PNP) will conduct a nationwide verification and accounting of firearms as part of the security measures for the 2025 midterm national and local elections. PNP spokesperson Brig. Gen. Jean Fajardo said the priority of the verification and accounting are gun owners...
With the signing of the Philippine Maritime Zones (PMZ) Act, Senate Majority Leader Francis Tolentino said that this would strengthen the Philippines' rights to explore and exploit natural resources in the Philippine Sea - including Talampas ng Pilipinas (Philippine Rise or Benham Rise). According...
Philippine Sports Commission (PSC) Chairman Richard Bachmann on Tuesday, Nov. 12, addressed all the claims written in a letter allegedly signed by Commissioner Fritz Gaston that has been circulating in the social media the past day. In a statement read during the PSA Forum, Bachmann...
Flag-carrier Philippine Airlines (PAL) reported a net income of $13 million (P812 million) and an operating income of $27 million (P1.6 billion) in the third quarter of 2024. In a disclosure to the Philippine Stock Exchange (PSE) through parent company PAL Holdings, the airline said this is its...
A Philippine Coast Guard (PCG) ship and a China Coast Guard (CCG) vessel sail close to each other in the West Philippine Sea on Aug. 26, 2024. (Courtesy of PCG) Even after the enactment of two new laws seeking to uphold the country’s sovereignty over its maritime territory, China continues to...
