The Philippine Army (PA) has expressed intention to deepen military cooperation with Singapore as part of ongoing efforts to enhance bilateral defense relations and promote regional security collaboration. PA Commanding General Lt. Gen. Antonio G. Nafarrete made the remark during a meeting with...
Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings Inc. (GT Capital), has cut short the offer period for its ₱2-billion maiden bond issuance due to strong demand. Originally set to run from Oct. 6 to 13, 2025, the offer period...
The Philippine Red Cross (PRC) is mourning the loss of Jose Ian R. Ho, a dedicated volunteer who died protecting his son during the 6.9-magnitude earthquake that struck Cebu Province last month. PRC Chairman Richard J. Gordon and Secretary General Gwen T. Pang visited Ho’s wake on October 4,...
The Philippine Navy (PN) said Tuesday, Oct. 7, that it transported approximately 17 tons of assorted relief goods to isolated island barangays in northern Cebu as part of sustained humanitarian assistance and disaster response (HADR) efforts in the aftermath of the devastating magnitude 6.9...
The Department of Foreign Affairs (DFA) on Tuesday, Oct. 7, stressed that the Philippines’ rights and sovereignty covering the contested West Philippine Sea are “incontrovertible” and based on international law and legal principles. Without identifying the countries’ names, the DFA referred...
Inflation rose to a six-month high of 1.7 percent in September, mainly due to more expensive fuel and higher vegetable prices following the onslaught of typhoons, the Philippine Statistics Authority (PSA) reported on Tuesday, Oct. 7. The latest PSA data showed that the country’s inflation rate...
The Philippine Stock Exchange index (PSEi) on Monday, Oct. 6, fell after a three-day bounce as investors cashed in on recent gains ahead of the September inflation rate announcement on Tuesday, Oct. 7. The main index plunged 108.54 points, or 1.78 percent, to rest at 6,000.32. Conglomerates and...
The Philippine Coast Guard (PCG) welcomed on Monday, Oct. 6, a Vietnam Coast Guard (VCG) vessel in Cebu for a five-day port visit even as the province continues to recover from the recent magnitude 6.9 earthquake. PCG spokesperson Captain Noemie Cayabyab said the arrival of VCG vessel with bow...
Metro Pacific Tollways Corp. (MPTC), a unit of Manuel V. Pangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC), is planning to use proceeds from its ₱20-billion bond offering to fund three tollway projects and refinance existing obligations. "This bond issuance aims to bolster...
President Marcos has vowed that not a single centavo of public money will be wasted as his administration implements sweeping reforms to fast-track the country’s development programs and foreign-assisted projects. Marcos said this as Congress conducts budget deliberations amid ongoing...
Investors are hoping that the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and the domestic inflation rate announcement this week will be the catalyst needed to spur trading activity in the local stock market. “The local market managed to partially recover some lost ground in last week’s...
The Bank of the Philippine Islands (BPI) announced the passing of its former president and chief executive officer, Xavier P. Loinaz, a figure who steered the institution through two decades of major economic turbulence and technological change. He was 81. Known as XP within the bank, Loinaz held...
