Widely-used stablecoins need to be regulated like money, BoE’s Bailey says
LONDON - Any stablecoin that becomes widely used as a means of payment in Britain needs to be regulated like money in a standard...
Death toll from Philippine quake rises to 72
MANILA - The death toll from a magnitude 6.9 earthquake that struck off the central Philippines late on Tuesday has risen to 72, the...
Tariffs weigh on US manufacturing in September; hiring remains subdued
WASHINGTON - US manufacturing activity edged up in September, though new orders and employment were subdued as factories grappled with the fallout from President...
Factory activity shrinks in September
FACTORY ACTIVITY in the Philippines contracted for the first time in six months in September, as manufacturers saw a drop in output and new orders, S&P Global said on Wednesday.
BSP sees September inflation at 1.5%-2.3%
PHILIPPINE INFLATION may have settled between 1.5% and 2.3% in September, amid higher prices of rice, fish and fuel, the Bangko Sentral ng Pilipinas...
IMF trims Philippine growth outlook
PHILIPPINE ECONOMIC GROWTH is expected to moderate this year and in 2026 amid ongoing trade uncertainties and geopolitical tensions across the globe, the International Monetary Fund (IMF) said.
BSP sees wider BoP, current account deficits until 2026
THE BANGKO SENTRAL ng Pilipinas (BSP) revised its balance of payments (BoP) and current account projections for this year and 2026, as global uncertainties...
Maynilad earns Green Equity label, lowers IPO price ceiling to P15 per share
The Securities and Exchange Commission (SEC) has granted Maynilad Water Services, Inc. the first Philippine Green Equity label, the regulator announced on Wednesday.
In a...
SEC seeks to tighten nine-year limit for independent directors
THE Securities and Exchange Commission (SEC) has issued for comment a draft memorandum circular that will impose a fixed three-year term for independent directors...
Manila Water completes takeover of Wawa bulk water supply project
EAST ZONE concessionaire Manila Water Co., Inc. has completed the takeover of the Wawa Bulk Water Supply from its parent firm Prime Infrastructure Capital,...
Ayala-led IMI consolidates China operations
AYALA-LED Integrated Micro-Electronics, Inc. (IMI) has completed the consolidation of its Kuichong operations into its Pingshan facility in Shenzhen, China, a move expected to...
SM City Santa Rosa IT Center confirmed as IT ecozone
SM OFFICES, the office unit of SM Prime Holdings, Inc., has signed a registration agreement with the Philippine Economic Zone Authority (PEZA) confirming the...