Singapore-based United Overseas Bank (UOB) expects the Philippine economy to grow as targeted this and next year while inflation risks and interest rates ease. In its quarterly global outlook report for the fourth quarter of 2024, UOB forecasted the Philippines' gross domestic product (GDP) to...
Mr. Praveen Pathak, director of market promotion and export at BrahMos Aerospace Pvt. Ltd., poses in front of a model of the BrahMos supersonic cruise missile on a mobile autonomous launcher during the recent Asian Defense and Security (ADAS) exhibit in Pasay City. (Photo by Martin A. Sadongdong /...
While US bourses hit new highs, the PSEi eased lower on some profit-taking as it gathers more momentum before trying to breach the 7,500 level. The main index shed 30.44 points or 0.41 percent to close at 7,428.30 with Banks being the main drag as Industrials was flat while most sectors actually...
The annual growth rate of the country’s wholesale prices slowed to 1.9 percent in August this year from 2.4 percent in July, mainly due to declining prices in mineral fuels and slower increases in food and manufactured goods. According to the Philippine Statistics Authority (PSA), the growth rate...
Troops stand on the edge of M/V Lapu-Lapu as it approaches BRP Sierra Madre during a successful resupply mission to Ayungin Shoal in the West Philippine Sea on Sept. 27, 2024. (Courtesy of Armed Forces of the Philippines) The Armed Forces of the Philippines (AFP) successfully held a rotation and...
PNP Chief, General Rommel Francisco Marbil (top) and CIDG Acting Director Brig. Gen. Nicolas Torre III (bottom) (Photos: PNP) Philippine National Police (PNP) Chief, General Rommel Francisco D. Marbil gave a marching order to Brig. Gen. Nicolas Torre III to “clean up” the Criminal...
The Philippine Independent Power Producers Association Inc. (PIPPA) has thumbed down a legislative proposal that will prioritize the use of Malampaya gas on the electricity generation grind of various gas-fed power plants in the country. While there is a high level temptation to prioritize...
The Philippine Stock Exchange is planning to launch Global Philippine Depositary Receipts (GPDRs) as a means to allow Philippine investors to trade in stocks listed in overseas bourses. Prior to the launch, the PSE has issued a memorandum seeking public comments on its Proposed Rules for Global...
The Philippine Red Cross (PRC) announced on Thursday, Sept. 26, that it has heightened its readiness in anticipation of the La Niña phenomenon, which is expected to intensify the arrival of four to seven tropical cyclones in the Philippine Area of Responsibility (PAR) during the final quarter of...
The local stock market made a strong bounce after a bout of profit-taking as the country’s economic outlook turns rosier. The main index jumped 96.12 points or 1.31 percent to close at 7,458.74 as Banks led the recovery while Miners lagged behind. Volume rose to 1.18 billion shares worth...
The Philippine Statistics Authority (PSA) has partnered with GoTyme Bank to offer free bank account openings for unbanked Filipinos who registered for the National ID system through mobile registration activities. “Filipinos who have just successfully registered to the National ID system in...
The Philippine Ports Authority (PPA) is planning to construct offshore wind (OSW) energy projects in some of strategic ports in the country—the three priority areas are Batangas, Camarines Norte and Ilocos Norte. PPA General Manager Jay Daniel Santiago said they are now coordinating with...
