China’s military says it ‘drove away’ US destroyer near Scarborough Shoal

BEIJING — China’s military said on Wednesday it monitored and “drove away” a US destroyer that sailed near the disputed Scarborough Shoal in the...

Banks’ bad loan ratio eases in June

THE Philippine banking sector’s nonperforming loan (NPL) ratio dropped to a three-month low in June even as banks continued to expand their lending portfolios, Bangko Sentral ng Pilipinas (BSP) data showed.

2026 budget proposal heads to Congress for deliberation

LAWMAKERS should avoid compromising the proposed P6.793-trillion national budget for next year through congressional insertions, which could undermine the Philippines’ fiscal consolidation efforts and hamper growth prospects, analysts said on Tuesday.

AI could boost Philippine economy by P1.8 trillion

ARTIFICIAL INTELLIGENCE (AI) technologies can potentially boost the Philippine economy by P1.8 trillion (around $31 billion), as Filipinos increasingly use AI for work and upskilling, according to a report by Google Philippines and consulting firm Public First.

PLDT’s Q2 profit climbs to P9.11B; CEO sees stronger second half

LISTED telecommunications company PLDT Inc. saw its attributable net income rise by 6.05% in the second quarter (Q2) to P9.11 billion compared to the...

DoubleDragon to issue P10.9-B bonds at 7.7% next month

DOUBLEDRAGON CORP. (DD) aims to raise up to P10.9 billion through a retail bond offering next month, offering a 7.7% interest rate with maturities...

SM Prime earmarks P7B for SM Megamall upgrade

SM PRIME HOLDINGS, INC. has allocated P7 billion for the phased redevelopment of SM Megamall in Mandaluyong City, aiming for full completion by 2029...

Bank earnings rise 4% in 1st half

PHILIPPINE BANKS’ combined net income grew by 4.14% in the first half as both net interest and non-interest earnings increased year on year. The banking...

BDO likely to sustain record profit, CEO says

BDO UNIBANK, Inc., the Philippines’ biggest lender, expects to sustain record-high earnings this year on broad-based growth in lending, its chief executive said, easing...

Art imitates Filipino life: MSMEs take spotlight in BSP exhibit

FROM the local wet market to neighborhood eateries, the Bangko Sentral ng Pilipinas’ (BSP) latest art exhibit shines a spotlight on the heart of...

Allianz PNB Life aims to post double-digit growth in premiums

ALLIANZ PNB Life Insurance, Inc. targets to continue growing its premiums this year and next as it wants to post strong performances across all...

A show of gratitude on a brand-new stage

WITH a National Artist for Dance at its helm, Alice Reyes Dance Philippines (ARDP) mounted its latest performance to boast of a repertoire that is both expansive and varied, showcasing twists, turns, and utter mastery of the art.