By ANGELO CAPARAS Intern Poy Erram has been officially ruled out for the remainder of the PBA Philippine Cup Finals against San Miguel after sustaining an injury in TNT’s Game 4 loss. The veteran big man confirmed that he will miss the rest of the series, as he is set to undergo surgery to repair...
Enhancing market access for certain American goods that are not produced in the Philippines could help reduce costs for domestic industries without posing a risk to local producers, according to the Federation of Philippine Industries (FPI). The FPI, the umbrella organization representing domestic...
The Philippine Amusement and Gaming Corp. (Pagcor) reported that integrated resort (IR) casinos experienced a decline in gross gaming revenues (GGR) in the first half of this year, despite the overall gaming industry recording significant growth. Pagcor Chairman and Chief Executive Officer...
The local stock market declined on Thursday, July 24, driven by profit-taking after a four-day rally, as investors digested news of President Marcos’ successful negotiation for a one-percentage-point reduction in US tariffs. The Philippine Stock Exchange index (PSEi) shed 18.09 points, or 0.28...
Despite an expected onslaught of typhoons in the third quarter, the Philippine Statistics Authority (PSA) anticipates that consumer prices, particularly for rice, will continue to decline, but weather disturbances are expected to drive up vegetable costs. “Certain items, such as vegetables, are...
Senator Francis "Kiko" Pangilinan said the reported outcome of the Philippine-United States trade deal that would impose a zero tariff rate for US goods entering the Philippines will have a negative impact on the country’s agricultural production and the livelihoods of farmers and fisherfolk. ...
The Ayala Group reported that the parent company and four of its main subsidiaries have once again made it to the prestigious FTSE4Good Index Series due to their sound environmental, social and governance (ESG) practices. In a statement, the conglomerate said inclusion in the index strengthens the...
Central banks in Southeast Asia, where economies like the Philippines export a wide array of goods to the United States (US), are expected to cut interest rates some more as tariffs take effect next month, according to the think tank Capital Economics. In a July 23 report, Capital Economics senior...
Despite tensed maritime issues between the two countries, the Philippines and China continue their cooperation on law enforcement, people-to-people exchanges, and safety and welfare of their citizens. The two sides held the 9th Joint Consular Consultation in Beijing on July 22, six years since the...
The Philippine Stock Exchange index (PSEi) surged on Wednesday, July 23, after the government secured a minimal reduction in United States (US) tariffs and amid hints of further local interest rate cuts. The main index jumped 106.56 points, or 1.68 percent, to close at 6,462.25, led by a strong...
Local think tank The Fourth Wall revealed that its recent study suggests that better regulations—not an outright ban—of the online gambling sector are needed to create a safer playing environment and prevent the proliferation of unregulated gambling platforms. The latest study by the...
The Philippine peso continued its gains against the US dollar as the foreign exchange (forex) market celebrated the latest trade deal between the trade giant US and the Philippines, with investors optimistic that the worst of the tariffs may have passed. Data from the Bankers Association of the...
