The Philippines" sovereign debt piled up to a new historic high of P19.66 trillion as of the end of September, mostly driven by the peso"s weakness, which in turn raised the value of foreign currency-denominated…
Binance, the world's biggest cryptocurrency exchange, worked on Friday to shore up public confidence after a record $6.3 billion hack of its platform, promising it would cover all losses from company funds and allow…
NEW YORK — A sell-off for tech stocks got even worse Friday on worries that Wall Street’s frenzy around artificial-intelligence technology sent prices too high. The S&P 500 tumbled 1.8% for its worst day since June, and…
Rival crypto exchanges move quickly to shore up their own systems and to reassure customers their tokens were safe
Mixed movements in fuel prices are expected to be implemented in the coming week.
Maya cannot simply copy GCash’s playbook; it must prove how it can generate superior returns from a tighter base.
BANK of the Philippine Islands (BPI) has partnered with logistics provider FAST Group to give suppliers faster access to working capital through a digital financing platform, allowing them to receive payment for…
NVIDIA is in talks to offer artificial intelligence (AI) cloud provider Nscale billions of dollars in credit guarantees to support debt funding for a data center earmarked for Anthropic, The Information reported on…
TOKYO - Kana Sekiya, 43, used to shop near a train station in Tokyo on her way back home from work. Now she drives more than 30 minutes on weekends to a discount supermarket to buy groceries in bulk -- one of a growing…
STARBUCKS forecast annual profit above Wall Street expectations on Thursday and unveiled a $1-billion share repurchase plan, signaling confidence that Chief Executive Brian Niccol’s sweeping overhaul of the coffee chain…
THE Department of Trade and Industry (DTI) on Friday said it seized P3.43 million worth of regulated goods that failed to meet certification or labeling requirements during enforcement operations earlier this month…
Halloween. Children dress as ghosts, witches, vampires and assorted creatures that would make any respectable homeowner hesitate before opening the door. Shopping malls display cobwebs, skeletons and pumpkins. Even…
SYNERGY Grid & Development Phils. Inc., a listed holding company with an indirect stake in National Grid Corp. of the Philippines (NGCP), said that Maharlika Investment Corp. (MIC) has deferred its planned investment in…
THE Philippine Competition Commission (PCC) fined Pilipinas Enterprise Management Holdings Inc. (PEMHI) and Meralco PowerGen Corp. (MGEN) a total of P5.8 million for missing reporting deadlines required under their…
The country’s trade deficit widened in September despite record exports earnings and fastest growth in over five years, according to data from the Philippine Statistics Authority (PSA).
SEMIRARA Mining and Power Corp. reported a net income of P11.02 billion in the first nine months this year, up from P9.89 billion in 2025, as higher power earnings more than offset a lower contribution from its coal…
FEDEX Freight forecast earnings for the crucial holiday quarter above analysts’ estimates on Thursday, citing improvement in volumes after reporting bigger-than-expected quarterly profit and revenue, thanks to better…
The country’s outstanding debt ballooned to another record high of P19.66 trillion as of end-September, due to issuance of government securities and peso depreciation against the dollar.
RASLAG Corp., a listed solar power developer and operator, said on Friday that its subsidiary, Raslag Liwayway Inc., has secured a certificate of authority from the Department of Energy (DOE) for its proposed solar…
CRYPTOCURRENCY exchange Coinbase Global returned to profitability on Thursday after three consecutive quarters of losses, helped by lower operating expenses and investment gains on crypto assets that cushioned weaker…
Metropolitan Bank & Trust Co. (Metrobank) has retained its title as the Philippines’ strongest bank for the sixth consecutive year, according to financial research and intelligence provider The Asian Banker.
SAN FRANCISCO — Meta reached a settlement in a landmark case over the alleged harms of social media, the plaintiffs’ lawyers said Friday, leaving Snap as the only defendant in a trial set to open in Los Angeles next…
THE Philippines’ monetary policy flexibility, resilient banking system and substantial foreign exchange reserves are helping strengthen the country’s ability to withstand domestic and global risks, according to Moody’s…
DoubleDragon Corp., the listed property business of Edgar “Injap” Sia II and Tony Tan Caktiong, has nearly quadrupled its profit, fueled by strong overseas projects that generate dollar revenues.
INLATION may have reached as high as 8.1 percent in October as higher domestic fuel, electricity and transport costs added pressure on consumer prices, the Bangko Sentral ng Pilipinas (BSP) said on Friday. In a…
THE peso strengthened for a third consecutive trading day on Friday, hitting its strongest level in a week, as the Bangko Sentral ng Pilipinas (BSP) reiterated its readiness to intervene in the foreign exchange market…
Investors yesterday made sure to cash in profits before heading into the Undas break, having no motivation to buy more due to uncertainties on the economic front.
THE country’s palay (unmilled rice) production both for the third quarter and for the first nine months of the year both declined, data from the Philippine Statistics Authority (PSA) showed late Thursday. Palay output…
ONE of the glaring deficiencies of the House-approved version of the 2027 budget is the measly P33.9 million allocated for active transport infrastructure, or the safe pathways for walking and cycling, plus bike-sharing…
In August, the United States’ Consumer Product Safety Commission also warned consumers about fake squishy toys that could be choking hazards due to their materials. The CPSC explained that some squishy toys contain…
MOST Philippine banks expect credit standards and overall loan demand to remain generally steady in the fourth quarter of 2026, with noticeable shifts toward stronger credit demand and more stable lending parameters…
THE country’s trade deficit widened in September to $5.15 billion, 10.3 percent higher than the $4.67-billion deficit recorded during the same month last year, data from the Philippine Statistics Authority (PSA)…
Moody’s Ratings has further trimmed its Philippine growth forecast for 2026 to 3.3 percent from 3.6 percent previously as elevated energy prices and weak investment continue to weigh on economic activity.
PXP Energy Corp., a listed Philippine oil and gas exploration and production company, reported on Friday that its core net loss narrowed to P30.90 million in the first nine months this year from P32.80 million in 2025…
FOR many Filipino business owners, finding customers is not always the biggest challenge. Sometimes, it is having enough money to serve them. A construction company may have projects lined up, but lacks funds for…
BDO Unibank Inc. saw net income edge up to P63.6 billion in the first nine months of 2026 from P63.1 billion in the same period last year, driven by a double-digit expansion in its loan portfolio. In a disclosure, the…
ABOITIZ Equity Ventures Inc. (AEV) on Friday reported a 2-percent increase in net income to P17.8 billion in the first nine months of 2026, although earnings in the third-quarter declined by more than half due to lower…
DOUBLEDRAGON Corp. posted a 253.59-percent increase in core net income in the first nine months of 2026 to P3.91 billion, markedly higher than the P1.1 billion booked in the same period last year. In a disclosure on…
MICROSOFT is planning to raise about $25 billion through its first US investmentgrade bond sale in more than nine years, two sources familiar with the matter told Reuters on Thursday. The bond sale would make Microsoft…
AMAZON.COM on Thursday reported a massive cash burn in the third quarter (Q3), sending shares sharply lower, while it signaled higher capital expenditures next year atop an already huge amount in 2026. Amazon’s cloud…
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