PSEi poised to rebound to 8,200 in 2025

Meg J. Adonis 08/12/2024

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…

PH economy grows 6.2% in Q2, buoyed by gov’t spending, strong investments

Mariedel Irish U. Catilogo 08/09/2024

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…

NDRRMC: 46 dead, over 6 million displaced due to Carina, habagat, Butchoy

Faith Agrosino 08/04/2024

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…

BSP: July inflation likely surpasses 4% target

Ian Nicolas P. Cigaral 08/01/2024

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 spur demand for new private jets amid rising business travel

Tyrone Jasper C. Piad 07/29/2024

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…

Starlink struggles to match local broadband speeds in PH, Ookla says

Tyrone Jasper C. Piad 07/29/2024

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…

BSP: More digital banks joining the industry soon

Ian Nicolas P. Cigaral 07/27/2024

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…

Easing inflation, election spending seen to drive economic growth in Q2

Mariedel Irish U. Catilogo 07/22/2024

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…

PH faces banking, airline disruptions from global Microsoft outage

Ian Nicolas P. Cigaral 07/20/2024

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…

Garcia voices full support for Marcos, silent on VP Sara’s fallout

Nestle L. Semilla 06/30/2024

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…

Philippine Eagle pair released in Leyte forests

Joselle Badilla 06/29/2024

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),…

Marcos to Filipinos on Eid’l Adha: Grow in wisdom and fortitude

Zacarian Sarao 06/17/2024

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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