VP Sara and husband had P39 million in 8 banks as of end-2025, witnesses testify
Vice President Sara Duterte and her husband Manases Carpio, posted a P39-million total ending balance from several bank accounts under their names in 2025, bank officials said.
SSI Group to distribute Swiss sportswear brand On, operate its stores in PH
Listed specialty retailer SSI Group Inc. has partnered with Swiss sportswear brand On to be its official distributor in the Philippines and operate the brand"s first dedicated stores here.
Spotify expands audiobooks to more than 180 markets
STOCKHOLM — Streaming giant Spotify announced Wednesday it is expanding access to its audiobook service to more than 180 markets, up from 22 currently, as the format continues to gain popularity. According to the latest…
PAL extends Great Mabuhay Miles Gateway travel period
Flag carrier Philippine Airlines (PAL) on Wednesday announced a six-month extension of the travel period covered by its Great Mabuhay Miles Gateway promotion, giving members more time to book flights using discounted…
EXPLAINER: What are the banking terms mentioned in VP Sara Duterte's impeachment trial?
The Senate impeachment court in its 35th day is still discussing the alleged unexplained wealth of Vice President Sara Duterte, with present discussions focusing on her and her husband"s bank accounts. The House…
Political noise, fake news hurting PH economy, says Palace exec
Malacañang on Wednesday said that part of the reason for the Philippines" recent poor economic performance was because of the political noise caused by destabilizers, obstructionists, and fake news.
PSEi rebounds to 5,700 level on lower unemployment figures
Share prices on the Philippine Stock Exchange (PSE) rebounded on Wednesday, with the main index rallying back to 5,700 level, as lower unemployment figures were cheered by the market.
Witness: VP Sara, husband, have 9 BPI accounts with P8 million in deposits as of 2025
Vice President Sara Duterte and her husband, Manases Carpio, have nine BPI bank accounts with a collective ending balance of P8 million as of 2025, a bank official said Wednesday.
On day one, rush for GCash IPO shares briefly trips up trading systems
'I heard some platforms went down because of the traffic. That’s a good problem for all of us, right?' Mynt president and CEO Martha Sazon tells a room full of potential GCash investors hours after the public offer…
Power: El Niño tightens supply, lifts price upside
DOE warned that a prolonged El Niño could raise the risk of power interruptions and higher electricity bills as extreme heat strains thermal plants and lower water availability weighs on hydro generation.
The Department of Agriculture (DA) and retailer Dali Everyday Grocery are exploring a possible partnership that would allow Filipino farmers to bring their produce more directly to the market.
BPI Wealth trims 2026 growth outlook amid market volatility
BPI Wealth, the trust management unit of the Bank of the Philippine Islands, on Wednesday said it now expects slower growth in its assets under management (AUM) than previously expected, amid market volatility.
(UPDATE) MANILA, Philippines — Department of Information and Communications Technology (DICT) Secretary Henry Aguda said he remained at the service of the president and was aware of the current rumors surrounding his…
Moody"s is acquiring a minority stake in Philippine Rating Services Corporation (PhilRatings), making it the first global credit rating agency to invest in a Philippine credit rating agency, according to the US Embassy…
Semirara Mining decries coal assets surrender requirement to join bidding
Consunji-led Semirara Mining and Power Corporation (SMPC) cried foul Wednesday over the latest bidding rules requiring the company to surrender its assets to the government if it joins the auction for Semirara Island"s…
MANILA, Philippines —The number of unemployed Filipinos decreased in August, the Philippine Statistics Authority (PSA) reported on Wednesday. Data showed that unemployment dropped to 5.3 percent from July’s 6.0 percent…
Security Bank taps Tookitaki for anti-financial crimes screening
Security Bank Corporation on Wednesday announced it has partnered with global financial technology provider Tookitaki to update its anti-financial crime compliance architecture, modernizing its screening capabilities…
NGCP: No intention to delay implementation of ancillary service contracts
The National Grid Corporation of the Philippines (NGCP) on Wednesday came to its defense after the Department of Energy (DOE) blamed it for the series of yellow and red alerts in the Visayas power grid.
Jobless Pinoys declined by 375,000 to 2.77M in August 2026
The number of jobless Filipinos decreased by over 375,000 in August 2026, data released by the Philippine Statistics Authority (PSA) on Wednesday showed.
LIST: Duterte-Carpio bank accounts, balances detailed in impeachment trial
Here is a summary of the banks testifying on the Duterte-Carpio money trail as prosecutors try to determine whether year-end account balances line up with what was declared in the Vice President's SALNs
IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability
WASHINGTON, United States - The International Monetary Fund warned Tuesday that price increases for necessities like food and energy, fueled by the wars in Iran and Ukraine, were more persistent than previously expected.
DeepSeek set to net over $12 billion in new fundraising
CHINESE AI startup DeepSeek is set to raise more than 80 billion yuan ($11.93 billion) in its latest funding round, said one person with knowledge of the matter, as the firm builds up a war chest of capital ahead of a…
OpenAI sorry for Australia hack, wants to rebuild trust
SYDNEY, Australia — OpenAI conceded on Tuesday it botched the handling of a hacking incident in Australia, vowing to rebuild trust in a nation it is courting to host massive data centers. Chief Strategy Officer Jason…
This US-led effort on artificial intelligence and supply chain security aims to advance a new economic security consensus among its allies and trusted partners.
AS of the beginning of August, initial public offering (IPO) proceeds in Hong Kong have reached $41 billion, surpassing the full-year total of 2025, and another record is expected this year, an executive of the Hong…
NEW YORK/BOSTON — Dario Amodei made $18 million last year as CEO of Claude AI developer Anthropic, the company’s initial public offering (IPO) filing shows, putting him in the middle ranks of top executives at major…
Robinsons Land Corp. has joined the government’s expanded affordable housing program, partnering with Pag-IBIG Fund to offer Filipino workers more housing options with preferential pricing and buyer incentives.
KRAFT Heinz is backing better-for-you trends such as protein and fiber as it invests heavily in marketing and tries to make up for lost time on innovation, the company’s North America president told Reuters. Under Steve…
ERC approves grid connections for 3 solar projects
THE Energy Regulatory Commission (ERC) has approved transmission facilities for three solar projects with a combined capacity of 205.5 megawatts (MW), allowing them to connect to the national grid. In decisions released…
PETROGREEN Energy Corp. said Tuesday that Rizal Green Energy Corp. and BKS Green Energy Corp. had signed an omnibus loan and security agreement with Rizal Commercial Banking Corp. (RCBC) for a P1.24-billion project…
WILMINGTON, Delaware ─ Chipmaker Qualcomm and chip tech firm Arm Holdings, long at loggerheads, began another trial on Monday, with Qualcomm accusing Arm of withholding chip testing tools that were due under contract…