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Rising inflation in July has led Maybank Securities Inc. to push back its 12-month forecast of 8,200 for the Philippine Stock Exchange Index (PSEi) by a few months. Traders are now focusing on the Bangko Sentral ng…
The Philippine economy grew by 6.3 percent in the second quarter, thanks to increased government spending and strong investments, which helped counter the effects of high consumer prices on household spending. This growth is an improvement from…
MANILA, Philippines — The death toll from typhoon Carina, the southwest monsoon, and tropical depression Butchoy is now at 46. The National Disaster Risk Reduction and Management Council (NDRRMC) has confirmed 14 deaths, with 32 more still…
Inflation likely exceeded the government’s 2-4 percent target range in July due to higher energy and food prices. However, this increase is not expected to affect the anticipated rate cut in August. On Wednesday, the Bangko Sentral…
Wealthy Filipinos are expected to buy new or bigger private jets due to increased business travel to Singapore and North America, according to Dassault Aviation. Carlos Brana, Dassault’s executive vice president for civil aircraft, noted that private…
As more Filipinos try Starlink, the satellite service still lags behind local broadband providers in download and upload speeds, according to a study by Ookla. Their latest Speedtest Intelligence report shows Starlink’s median download speed in the…
The Bangko Sentral ng Pilipinas (BSP) will resume accepting applications for digital banking licenses after three years, allowing more players into the growing industry. The number of available slots is still unknown, but BSP Governor Eli Remolona…
The Philippine economy may grow by 7.1 percent in the second quarter due to easing inflation and mid-term election spending, the Bank of the Philippine Islands’ (BPI) lead economist said. This exceeds the government’s annual growth target…
The Philippines experienced disruptions from a global Microsoft outage on Friday, affecting banking and airline services. The state-run Land Bank of the Philippines reported that its digital channels are now restored after the outage, which also caused…
CEBU CITY —Cebu Governor Gwendolyn Garcia has pledged full support for President Ferdinand Marcos Jr. following the split between the President and Vice President Sara Duterte, whom she and her party backed in 2022. Garcia made this…
BURAUEN, LEYTE — Conservationists made history by releasing a pair of Philippine eagles in an effort to repopulate the forests of Leyte province. Witnessed by Environment Secretary Maria Antonia Yulo-Loyzaga, the eagles, “Uswag” (male) and “Carlito” (female),…
MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. urged Filipinos to “grow in wisdom and fortitude” as the nation celebrates Eid’l Adha, the Feast of Sacrifice. In joining Filipino Muslims in the observance of Eid’l Adha, Marcos…
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