Stocks continue decline
Local share prices extended their decline on Thursday, March 1, as investors tracked movements of global markets alongside the release of economic data.
The 30-member...
Palace defends Duterte’s ‘co-ownership’ remark on joint exploration
Presidential Spokesperson Herminio Harry L. Roque defended the President on Thursday, March 1, on the latter’s ‘co-ownership’ remark on China and the Philippines' possible...
Peso strengthens vs dollar, closes at P51.92
The peso strengthened against the dollar on Thursday, March 1, following the revised fourth-quarter US economic growth, which grew at a slightly slower pace...
Poe: Expand NAIA to solve airport congestion
Senator Grace Poe-Llamanzares on Thursday, March 1, said the airport congestion at the Ninoy Aquino International Airport (NAIA) would be better solved through its...
EastWest Bank net income grows 48% in 2017
East West Banking Corp. (EastWest Bank) booked a double-digit growth in its net income in 2017 on the back of the robust performance of...
MPIC posts 17% profit growth in 2017
Metro Pacific Investments Corp. sustained a double-digit growth in net profit on the strength of its increased presence in the power industry.
The infrastructure conglomerate...
Tycoons’ Manila airport bid gets challenged by $3 billion offer
A venture of Megawide Construction Corp. and GMR Infrastructure Ltd. submitted a $3 billion proposal to upgrade and expand the Philippine capital’s 70-year-old airport,...
Philippines hails US move to blacklist local IS-linked groups
The Philippines hailed on Wednesday, Feb. 28, Washington's decision to blacklist two local pro-Islamic State groups, including one which occupied the southern city of...
Duterte allies seek to emulate Chinese Communist Party programs
In a sign of China’s growing influence in the Philippines, President Rodrigo R. Duterte’s political party is holding a two-day summit in Manila to...
Duterte sparks frenzy for telecom penny stocks
There’s a gold rush in Philippine telecom minnows and everybody’s invited. For now.
President Rodrigo Duterte’s decision to award a new telecommunications license has sparked...
Draghi looks on as Europe’s horse trading sends Guindos to ECB
If Mario Draghi had to design the way his colleagues get picked, it would probably be a bit different from how it is now.
The...
Oil set for first monthly drop since August on US stock fears
Oil is poised for its first monthly decline in half a year as January’s rally fades on growing fears over booming U.S. shale supply.
Futures...