MANILA – The Pag-IBIG Fund recently announced the rollout of the SAFE (Special Assistance for Financial Emergencies) Loan program to provide timely and practical relief to Filipino workers. The emergency cash facility allows qualified members to manage rising…
MANILA – The Pag-IBIG Fund announced on Tuesday the rollout of the SAFE (Special Assistance for Financial Emergencies) Loan program in line with directives from President Ferdinand R. Marcos Jr. to provide timely and practical relief to Filipino…
MANILA – The Philippine Stock Exchange index (PSEi) sustained its rally for the third consecutive day on Wednesday, but the Philippine peso weakened against the U.S. dollar. The local bourse’s main index rose by 0.68 percent to 5,953.17…
MANILA, Philippines — Philippine shares ended marginally lower on Wednesday as investors adopted a cautious stance after President Ferdinand Marcos Jr. raised concerns over possible stagflation risks amid persistent economic challenges. The benchmark Philippine Stock Exchange Index…
MANILA, Philippines — Philippine banks delivered a record-breaking performance in the first quarter of the year, with profits climbing despite heightened volatility in global markets brought about by tensions in the Middle East. Data released by the…
Most Asian shares were lower in morning trade on Monday, extending slides in global markets, as the impasse in the Middle East drove oil prices more than two percent higher. Washington and Tehran agreed to a truce…
MANILA – Former budget official Kim Robert de Leon is the new secretary of the Department of Budget and Management (DBM), Malacañang announced Monday, May 18. Palace Press Officer Claire Castro said de Leon will take his oath…
MANILA – Weakening prospects for peace talks between the United States and Iran weighed on investor sentiment, pulling down both the Philippine Stock Exchange index (PSEi) and the peso on Tuesday. After opening the week on a positive…
MANILA – The country’s foreign reserves remain adequate despite the decline recorded in April, the Bangko Sentral ng Pilipinas (BSP) said. Preliminary data released late Thursday showed that the gross international reserves (GIR) settled at USD104.1 billion as…
MANILA, Philippines — Philippine shares advanced on Thursday, buoyed by easing geopolitical tensions in the Middle East that lifted investor confidence despite slower-than-expected economic growth in the Philippines. The benchmark Philippine Stock Exchange Index gained 67.06 points,…
Shares retreated in Asia and oil prices gained on Tuesday as diplomatic efforts to end the Iran war once again appeared to stall. Despite a tenuous ceasefire, the Strait of Hormuz remains effectively closed. Much of Asia, including resource-poor Japan, relies on…
MANILA, Philippines — The Philippine peso weakened further on Tuesday, April 28, hitting a new all-time low as it hit the 61-per-dollar level, with markets on edge over geopolitical tensions and key central bank meetings this week.…
