PSE index extends climb as buying continues
THE MAIN INDEX moved higher on Thursday as investors continued to pick up blue chips following the market’s decline.
The Philippine Stock Exchange index (PSEi)...
Marcos vows to ramp up gov’t spending in Q4
Philippine President Ferdinand R. Marcos, Jr. on Thursday pledged to ramp up government spending in the fourth quarter, as a corruption scandal contributed to...
Marcos appoints Charlito Mendoza as new BIR chief; Lumagui out
President Ferdinand R. Marcos, Jr. appointed Finance Undersecretary Charlito Martin R. Mendoza as the new Bureau of Internal Revenue (BIR) Commissioner, replacing Romeo D....
Peso slumps to new all-time low
By Aaron Michael C. Sy, Reporter
THE PESO fell to a new all-time low against the dollar on Wednesday as the dollar was buoyed by...
Philippines may take 70 years to catch up with Singapore
The Philippine economy is at risk of further falling behind its Southeast Asian neighbors, an economist said, noting it may take two years to...
Malls still ‘healthy’ despite slowing consumer spending
PHILIPPINE malls’ occupancy levels are still “healthy” despite slowing consumer spending, according to real estate consultancy firm Colliers Philippines.
“Despite slower personal consumption expenditure in...
Bargain hunting lifts PHL shares after 3-day slide
PHILIPPINE STOCKS rebounded on Wednesday as players picked up beaten-down issues following the market’s three-day slide that caused the main index to log fresh...
Tropical Storm Uwan re-enters PAR; Signal No. 1 up in Batanes
Tropical Storm Fung-wong, locally named Uwan, made its re-entry into the Philippine Area of Responsibility (PAR) on Wednesday afternoon, prompting the hoisting of Tropical...
Asia rich lack succession plans as wealth nears $99 trillion
Asian private wealth is projected to reach $99 trillion by 2029, yet many of the region’s wealthiest families are unprepared for the handover of...
BIR may miss collection goal this year
THE BUREAU of Internal Revenue (BIR) may struggle to meet its P3.219-trillion collection target this year as sluggish government spending weighed on overall tax receipts, a development its chief said may prompt a tweak of its full-year target.
BSP to implement 24/7 payment system in 2026
THE BANGKO SENTRAL ng Pilipinas (BSP) will implement a payment system that works around the clock starting in 2026 as part of efforts to expand real-time and cross-border transactions, a top official said.
Proposed tobacco tax cut unlikely to curb illicit trade — AER
THE ACTION for Economic Reforms (AER) and government officials are opposing bills that seek to cut tobacco excise taxes, arguing that such measures are...