The country’s largest business group and investment promotion agencies (IPAs) expect the government’s new investment promotion framework to encourage the entry of capital aligned with global growth trends, such as artificial intelligence (AI). Management Association of the Philippines (MAP)...
The Philippine Navy (PN) has completed its first ship-to-ship helicopter resupply mission with a United States Coast Guard vessel in Bajo de Masinloc (Scarborough or Panatag Shoal), West Philippine Sea (WPS). Captain Marie Angelica Sisican, director of the PN public affairs office, said the...
After weeks of avoiding direct public remarks on the impeachment case against her, Vice President Sara Duterte has finally broken her silence, issuing a strongly worded statement on the “current state” of the nation amid escalating political tensions and reiterating her claim that efforts to...
Sy-led SM Prime Holdings Inc. (SM Prime), a leading integrated property developer in Asia, has decided to defer its planned bond offering worth up to ₱18 billion until further notice due to adverse market conditions. The firm informed the Philippine Stock Exchange (PSE) on Wednesday, June 3, that...
Vice President Sara Duterte publicly expressed support for former Cavite 4th District Representative Francisco “Kiko” Barzaga following his expulsion from the House of Representatives, praising him for allegedly refusing to conform to corruption and political pressure. In an open letter posted...
Filinvest Land Inc. (FLI), one of the Gotianun Group’s property development arms, has successfully raised ₱9 billion through its latest retail bond issuance, which was three times oversubscribed. The firm said in a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, June 3, that...
Vice President Sara Duterte on Tuesday, June 2, raised concerns over what she described as the misuse of government institutions and public funds against political opposition, warning that such actions threaten the country’s democratic system. In a video released by the Office of the Vice...
Local stocks surged, reclaiming the key psychological threshold, as rollback in domestic fuel prices and the strengthening local currency lured bargain hunters back to the equity market. The Philippine Stock Exchange index (PSEi) advanced 1.95 percent, or 113.37 points, to close at 5,912.69 on...
Filipino-American wrestler Matthew James Ramos on Tuesday, June 2 vowed to show up even until the last day of the Senate’s session day on Wednesday, June 3 for the plenary approval of a pending bill that seeks to grant him Philippine citizenship. The 23-year old athlete, who intends to become...
The country’s leading mining groups have defended tree-cutting activities overseen by mining companies, maintaining that such operations are tightly governed by stringent environmental oversight and regulatory requirements. In separate statements, the Chamber of Mines of the Philippines (COMP)...
A surge in the number of Chinese vessels monitored around Bajo de Masinloc (Scarborough or Panatag Shoal) in the West Philippine Sea (WPS) raised fresh concerns as defense and military officials said the national government is verifying reports of a possible structure or equipment spotted in the...
The Armed Forces of the Philippines (AFP) said it will verify the alleged exercises conducted by a massive Chinese carrier strike group in the Pacific Ocean, specifically east of Luzon, as an official admitted the military only learned of the deployment through public bulletins issued by Japan. The...
