Department of National Defense (DND) Secretary Gilberto Teodoro Jr. denied allegations that he violated the Philippine Constitution for supposedly holding dual citizenship while serving in the government, alluding that the “smear campaign” could be connected to his strong disapproval of...
The local stock market bounced back after last week’s decline, which was a knee-jerk reaction to higher tariffs that may be imposed by the United States (US) on Philippine goods. The main index jumped 65.16 points, or 1.01 percent, to close at 6,525.04. Miners and conglomerates led the advance...
Aboitiz Power Corp. (AboitizPower) announced that a subsidiary of its Therma Power Inc. will construct a battery energy storage system (BESS) in Cebu, which will be slated for commissioning by next year. In a statement, AboitizPower said Therma Power’s East Asia Utilities Corp. (EAUC) will soon...
Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro assured that the Philippine government is actively assisting three Filipinos who were arrested in China for espionage activities, and that a law firm has already been hired to represent them in the case. Lazaro, who faced the...
The country’s oldest business group is urging President Ferdinand Marcos Jr. to advance his administration’s entire agenda through a single bill, similar to the One Big Beautiful Bill recently signed into law by United States (US) President Donald Trump. The Chamber of Commerce of the...
The Philippine Embassy in China dismissed China’s allegation that the Philippines is being a “troublemaker” in the South China Sea dispute, stressing its willingness to cooperate with Beijing despite its rejection of the 2016 Arbitral Tribunal award. The embassy made the remarks during a...
The acquisition of over 90 percent of the Philippine Dealing System Holdings Corporation (PDSHC) has boosted the net income of the Philippine Stock Exchange by 25 percent, ₱495.7 million for the first six months of 2025 from ₱398 million in the same period last year. In a disclosure, the bourse...
Despite uncertainties posed by United States (US) tariffs, the Philippine Stock Exchange’s (PSE) pipeline for capital to be raised at the bourse is getting more robust with the target for 2025 upgraded again, this time to ₱186.3 billion as more firms apply to list stocks for the second...
With the Philippine peso emerging as an outperformer among Asian currencies following the United States’ (US) tariff hike, Japanese financial giant MUFG has maintained its forecast that the local currency will continue to strengthen in the fourth quarter of 2025 through next year. Last Friday,...
Local stock market investors are closely watching two key developments this week, updates on trade negotiations between the Philippines and the United States (U.S.) and the release of data on remittances from overseas Filipinos (OFs). “The US’ planned 20-percent tariffs against the Philippines...
The Filipina caregiver who was injured during an Iranian missile attack in Israel died on Sunday, July 13, the Philippine Embassy in Israel announced. Leah Mosquera, a 49-year-old Filipina caregiver from Negros Occidental, succumbed to the injuries she sustained when an Iranian missile struck her...
Under the theme “Lasting Friendship,” a series of events were held to celebrate the 23rd Philippine-Spanish Friendship Day, led by the National Historical Commission of the Philippines (NHCP) and the Embassy of Spain, in partnership with the municipal government of Baler, Aurora, the Department...
