House approves P6.793-T budget bill on 2nd reading
By Kenneth Christiane L. Basilio, reporter
The House of Representatives on Friday approved on second reading the proposed P6.793-trillion national budget for 2026, boosting funding...
Davao Oriental, nearby areas announce suspension of classes, govt. work after magnitude 7.4 quake
Several areas in Mindanao announced the suspension of classes and work in government following the magnitude 7.4 (updated) earthquake that struck offshore of Manay,...
Magnitude 7.6 earthquake jolts Davao Oriental; tsunami alert raised
A magnitude 7.6 earthquake struck offshore of Davao Oriental on Friday morning, prompting a tsunami alert in the province and nearby areas, according to...
Peso slips against US dollar as Philippine central bank surprises with rate cut
The Philippine peso weakened a shade while equities slid further after the central bank unexpectedly cut interest rates on Thursday, though stock markets elsewhere...
Tropical Storm Nakri enters PAR, locally named Quedan
Tropical Cyclone Nakri entered the Philippine Area of Responsibility (PAR) on Thursday afternoon and has been locally named Tropical Storm Quedan, according to the...
BSP surprises with 25-bps rate cut to 4.75%
The Bangko Sentral ng Pilipinas (BSP) on Thursday cut its policy rate for a fourth straight meeting, bringing borrowing costs to its lowest in...
Magnitude 4.8 quake hits La Union, felt in parts of Luzon
A magnitude 4.8 earthquake struck La Union on Thursday morning and was felt in the province and nearby areas, according to the Philippine Institute...
DPWH flags 421 ‘ghost’ projects in nationwide audit
The government has found 421 “ghost” infrastructure projects across the Philippines after validating about 8,000 public works, the Department of Public Works and Highways...
Marcos signs eight petroleum service contracts worth $207 million
President Ferdinand R. Marcos, Jr. has signed eight petroleum service contracts representing a potential investment commitment of about $207 million over a seven-year exploration...
BIR files P7.18-B tax evasion cases tied to flood-control scandal
The Bureau of Internal Revenue (BIR) on Wednesday filed tax evasion complaints worth P7.18 billion against two contractors implicated in the Philippines’ flood-control scandal.
The...
Philippines’ August jobless rate declines
By Chloe Mari A. Hufana, Reporter
The Philippines’ unemployment rate fell to 3.9% in August, reflecting stronger hiring momentum as the labor market recovered from...
Philippine annual inflation at 1.7% in September
MANILA (UPDATE) - Philippine annual inflation quickened for a second month, but it was still below the central bank's 2% to 4% comfort range...