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.…
The U.S. stock market’s record-breaking rally slowed on Monday after uncertainty rose over the weekend about what will happen next in the Iran war, while oil prices rose. The S&P 500 inched 0.1% higher to its latest all-time high, a downshift…
MANILA – The local stock market fell on the first trading day of the week amid cautious investor sentiment, while the peso closed almost flat. The Philippine Stock Exchange index (PSEi) declined by 0.71 percent to 5,901.15, while…
MANILA, Philippines — The Philippines remained the largest recipient of Asian Development Bank (ADB) assistance in 2025, as the multilateral lender ramped up funding to help the country address infrastructure gaps, climate risks, and structural economic challenges.…
MANILA, Philippines — The Philippines will join a major global bond benchmark for emerging markets beginning January next year, a development seen to draw stronger foreign participation in its local debt market. A report by Reuters said…
Asian shares were mixed in cautious trading Wednesday, as investors watched for next steps in the U.S.-Iran conflict after President Donald Trump extended a ceasefire that was set to expire. Japan’s benchmark Nikkei 225 rose 0.3% to…
CEBU CITY, Philippines — The Cooperative Development Authority (CDA) Central Visayas hopes that more young people will join cooperatives. Cristina Villamil, regional director of CDA-7, said in a news forum of the Philippine Information Agency here that…
