While Philippine gross domestic product (GDP) growth showed relative strength in the second quarter, private-sector economists believe it is not strong enough to prevent the Bangko Sentral ng Pilipinas (BSP) from further reducing interest rates, as inflation is expected to remain soft and growth...
Senate President Jinggoy Ejercito Estrada condemned on Friday, August 8 another alleged attempt by Chinese maritime militia ships to block a Bureau of Fisheries and Aquatic Resources (BFAR) vessel saying the incident is another serious breach of the country’s sovereign rights. Estrada made the...
Three soldiers were injured when armed men attacked a Philippine Army (PA) base in Lamitan City, Basilan, the military reported Friday, Aug. 8. According to a military report, the unidentified assailants fired upon the headquarters of the 18th Infantry Battalion (18IB) in Brgy. Campo Uno, Lamitan...
The Philippine Stock Exchange index (PSEi) dipped despite the slightly higher gross domestic product for the second quarter, as sentiment was affected after Trump said tariffs would be slapped on semiconductor imports. The main index shed 5.96 points or 0.09 percent to close at 6,364.69 on...
The Philippine Navy (PN) is probing the deaths of two naval divers during a recreational dive in Sarangani on Aug. 4. "As safety remains a top priority, the PN is also reviewing and enhancing our protocols related to both recreational and operational diving activities to prevent similar incidents...
Trailing behind the Southeast Asian region’s best performer, Vietnam’s eight-percent growth, the Philippine economy expanded by 5.5 percent in the second quarter of 2025, one percentage point (ppt) slower than the 6.5 percent recorded in the same period last year. Data from the Philippine...
With losses from illicit trade reaching nearly $2 billion annually, the local tobacco industry is calling for the creation of a composite strike force to ensure the imprisonment of offenders and deter the continued rise in illicit activity. On the sidelines of a Financial Times event which focused...
The Philippine Stock Exchange index (PSEi) registered an increase on Wednesday, Aug. 6, fueled by optimism that the Bangko Sentral ng Pilipinas (BSP) will cut key interest rates and support the peso. The main index gained 17.02 points, or 0.27 percent, to close at 6,370.65. Sectoral indices were...
Three Philippine Air Force (PAF) aircraft, including an S-70i Black Hawk utility helicopter, were dispatched to extinguish a huge fire that struck a residential area in Tondo, Manila on Wednesday, Aug. 6. Aside from the Black Hawk, a Huey II and a PZL W-3A Sokol, both utility helicopters, were...
The value of the country’s agriculture and fisheries output grew by 5.7 percent in the second quarter of the year as crops and poultry production expanded due to favorable weather conditions—a development that augurs well for economic growth. Data from the Philippine Statistics Authority (PSA)...
Despite the downward adjustment of estimated growth in utilities, financial services, and information and communication technology (ICT), economic expansion in the first three months of 2025 remained unchanged at 5.4 percent. Based on the adjustments made to the preliminary economic data for the...
Philippine Army Commanding General, Lt. Gen. Antonio Nafarrete ordered an immediate and complete halt to all so-called “ reception ceremonies ” for new Army soldiers in what appears to be a direct response to mounting public clamor against hazing and similar practices in the military. This...
