The country posted the highest growth in the tourism sector last year despite coming from the pandemic period, data from the Philippine Statistics Authority (PSA) showed. The PSA reported that the share of tourism direct gross value added to the economy, as measured by the gross domestic product...
Foreign envoys from United Kingdom, Japan, European Union, France, and United States, among others, condemned anew China’s latest disruptive actions in the West Philippine Sea, reiterating their call to adherence to international laws. On June 17, the Armed Forces of the Philippines (AFP)...
The cost of construction materials in Metro Manila increased at a slower pace in May, the Philippine Statistics Authority (PSA) reported. The annual growth rate of the construction materials retail price index (CMRPI) dropped to 1.0 percent in May 2024 from 1.2 percent in April and 2.6 percent in...
Real estate giant Ayala Land, Inc. (ALI) of the Zobels is buying out the Aboitiz Group’s 50 percent stake in Cebu District Property Enterprise Inc. (CDPEI) for P1.81 billion. In a disclosure to the Philippine Stock Exchange, ALI said it has entered into a share sale and purchase agreement...
Ang-led San Miguel Corporation kicked off on Tuesday, June 18, 2024, the offering of up to P20 billion in fixed-rate retail bonds after receiving the approval of the Securities and Exchange Commission last June 14. In a disclosure to the Philippine Stock Exchange, the diversified conglomerate said...
Olympic-bound boxers Nesthy Petecio and Carlo Paalam were selected as the country’s flag-bearers for the upcoming 2024 Summer Games in Paris, France, the Philippine Olympic Committee (POC) announced Monday, June 17. Olympic-bound boxers Nesthy Petecio, left, and Carlo Paalam Petecio and Paalam,...
The Japanese men’s volleyball team is looking to put on a show for the adoring Filipino fans as it returns for the Philippine leg of the Volleyball Nations League (VNL) final elimination round on Tuesday, June 18, at the Mall of Asia Arena in Pasay City. Photo from Ran Takahashi on...
It’s been a long time coming and it was well worth the wait for Meralco. Meralco star Chris Banchero has never tasted victory this sweet as the Bolts captured their first-ever franchise title after taking down the San Miguel Beermen with a hard-fought 80-78 Game 6 victory in the PBA...
DoubleDragon Corp.’s planned and outstanding bond issuances worth P25 billion have been assigned the highest issue credit rating of PRS Aaa by Philippine Rating Services Corp. (PhilRatings). The ratings agency said this is for DoubleDragon’s proposed bond issue of up to P10 billion and its...
A Philippine civilian mission of volunteers and fishermen to West Philippine Sea (Akabayan Party's Facebook page) The Philippine Air Force (PAF) said Sunday, June 16, that it will continue to hold maritime patrol over the West Philippine Sea (WPS) as part of its inherent duty to protect Filipinos...
National Security Adviser (NSA) Eduardo Año (File photo) The National Security Council (NSC) was elated with the recent expression of support for the Philippines of seven of the world’s most powerful economies, known as G7, amid China’s aggression in the South China Sea. National Security...
Gen. Rommel Francisco Marbil, chief of the Philippine National Police (PNP), ordered all police commanders to launch a crackdown against counterfeit and smuggling of cigarettes in a bid to plug the annual P25.5 billion losses of the government from the illicit trade. In a statement, Marbil said the...
