While critical sectors face budget cuts, economists expressed concerns over the Marcos administration’s budget priorities, citing inflated discretionary allocations in the 2025 budgets for the House of Representatives and the Department of Public Works and Highways (DPWH). The Philippine...
While the Philippine peso could fall beyond the 60:$1 level when US President-elect Donald J. Trump returns to the White House in 2025, economic growth is expected to benefit from election-related spending next year, according to Singapore-based United Overseas Bank (UOB). "Worries about Trump's...
Investor sentiment in the local stock market is expected to remain bearish this week due to prospects of fewer rate cuts in 2025, a weakening peso, and concerns related to the government’s budget for next year. "The local market is turning more bearish as it extended its decline last week," said...
VisMin developer Cebu Landmasters Inc. is planning to raise up to P5 billion from the planned issuance of Sustainability-Linked Bonds which will be the second tranche of its three-year Shelf Registration program amounting to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it...
(Courtesy of Philippine Coast Guard) Two fishermen who got stranded when their motorboat suffered engine failure while they were fishing off Bagac, Bataan over the weekend were rescued by the Philippine Coast Guard (PCG). Fishermen Giovannie Austria and Angelo Pilote were onboard the...
Passengers line up in long queues to catch trips at the Batangas Port on Dec. 22, 2024. (Photo: Coast Guard District Southern Tagalog) Close to 40,000 passengers were monitored by the Philippine Coast Guard (PCG) in various ports nationwide while thousands flocked to the Parañaque Integrated...
The Philippine men’s football team edged Indonesia, 1-0, to barge into the semifinals of the ASEAN Mitsubishi Electric Cup late Saturday, Dec. 21, at the Manahan Stadium in Surakarta. This would be the first time in six years that the PH booters are entering the Final Four in the tournament on...
Philippine Coast Guard (PCG) personnel conduct strict inspection at the Manila North Port Passenger Terminal on Dec. 21, 2024 as Filipinos begin to travel home for Christmas. (Photo by John Louie Abrina / MANILA BULLETIN) As Filipinos begin to travel home for Christmas, Philippine Coast Guard (PCG)...
The Philippine National Police (PNP) said Friday, Dec. 20, that it has deployed nearly 40,000 police personnel nationwide to ensure public safety this Christmas season. PNP spokesperson Police Brig. Gen. Jean Fajardo said the cops were tasked to secure bus terminals, ports, places of worship,...
Filinvest Land Inc. (FLI), the listed property unit of the Gotianun Group, has secured the highest PRS Aaa Issue Credit Rating from Philippine Rating Services Corporation (PhilRatings) for its planned bond issuance of up to P12 billion. In a statement, PhilRatings said FLI is planning to issue...
The Department of Trade and Industry (DTI) has exceeded its 2024 investment targets, reaching a total of P1.834 trillion in investments from the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). According to the DTI, the major factors behind this achievement include...
Upgrading the Philippine currency ensures that every hard-earned peso, whether saved or invested, stays safe, President Marcos said. "By upgrading our currency, we are making sure that every hard-earned peso stays safe, whether it is saved, whether it is spent, or whether it is invested," Marcos...
