Not only the Philippines’ vulnerability to global oil price and supply shocks amid the Middle East war but also domestic political instability has pulled the peso down to record-low levels, according to Singapore-based DBS Bank Ltd. “The Indian rupee, Indonesian rupiah, and Philippine peso have...
More than 17,000 troops from the Philippines and six other countries are set to take part in the 41st iteration of the annual Exercise Balikatan, scheduled from April 20 to May 8. The Armed Forces of the Philippines (AFP) on Tuesday, April 14, confirmed the participation of its counterparts from...
Local equities market extended its decline on Tuesday, April 14, as escalating tensions in the Middle East and domestic political instability dampened investor appetite, offsetting otherwise positive global leads. The Philippine Stock Exchange index (PSEi) retreated 40.95 points, or 0.68 percent,...
Vice President Sara Duterte’s camp on Tuesday, April 14, pushed back against allegations in the impeachment case, with legal counsel Salvador Paolo Panelo Jr. branding accuser Ramil Madriaga as the “weakest link.” In a statement, Panelo said the Vice President’s defense has been...
Moody’s Ratings affirmed the long-term deposit ratings of three major Philippine lenders, shifting its outlook on Security Bank Corp. to stable as capital pressures ease following the sharp slowdown in credit expansion. The global debt watcher kept the "Baa2" ratings—consistent with the...
The Armed Forces of the Philippines (AFP) monitored a total of 28 Chinese vessels across key features in the West Philippine Sea (WPS) during the second week of this month. Data released by the military on Tuesday, April 14, showed the presence of Chinese People 's Liberation Army Navy (PLA-N)...
It was in 2016 when the Philippine Association for Citizens with Developmental and Learning Disabilities Inc. (PACDLD) began recognizing professionals and parents who have made significant contributions to autism awareness, advocacy, and support through the Autism Advocate Award. Throughout the...
Flag carrier Philippine Airlines (PAL) is reinforcing its presence in the United States (US) by opening new flight routes from San Francisco and Seattle through an expanded codeshare agreement with American Airlines. PAL will be connecting Filipinos to more US destinations after its request to...
The Philippine Stock Exchange index (PSEi) declined on Monday, April 13, after hopes for an early resolution of the Middle East conflict were dashed because the United States (US)-Iran talks failed and US President Donald Trump issued more threats. The main index lost 44.16 points, or 0.72 percent,...
Oil and gas deals in the West Philippine Sea (WPS) must meet strict constitutional conditions, 1Sambayan said, as the Department of Foreign Affairs (DFA) underscored that Philippine sovereignty will be upheld in any potential energy cooperation with China. In a statement issued on April 12, the...
Filipina tennis sensation Alex Eala is no stranger to dreaming big -- but her latest wish might just be one for the ages. Scheduled to compete at the Porsche Tennis Grand Prix in Stuttgart, Germany this week, the 20-year-old Eala shared that she would love the chance to compete in mixed doubles...
Local manufacturers are expected to see immediate relief from high operating costs as diesel prices are projected to drop by nearly ₱21 per liter following consecutive weeks of price hikes, according to the Federation of Philippine Industries (FPI). In a statement on Monday, April 13, FPI said...
