Lazada Philippines Kicks Off Biggest Online Christmas Sale of the Year

MANILA, PHILIPPINES - Lazada Philippines has announced the launch of the Lazada Online Revolution Sale, which is set to be the biggest online Christmas...

Biscuit Manufacturer ‘Knocks Out’ Manny Pacquiao In Philippine Taxpayers’ List

A homegrown biscuit manufacturer has "knocked out" Manny Pacquiao to steal the championship belt as the top taxpayer in the Philippines, according to the...

China Bank, Employee Union Sign Off On New CBA

MANILA, PHILIPPINES - China Banking Corporation (China Bank) (PSE:CHIB) and China Banking Corporation Employees Association (CBCEA) have recently agreed on a new collective bargaining...

APEC Delegates Start Arriving in Cebu; Security on High Alert

CEBU CITY - The first batch of delegates attending the Asia Pacific Economic Conference (APEC) meetings arrived in Cebu on Thursday as security officials...

Philippine Unemployment Rate Drops in First Quarter

MANILA, PHILIPPINES - A survey conducted by Social Weather Stations (SWS) showed that the number of unemployed Filipinos dropped in the first quarter of...

Philippine Stock Exchange Warns of Investment Scams

MANILA, PHILIPPINES - The Philippine Stock Exchange, Inc. (PSE) has issued an advisory warning the public against the proliferation of investment scams. In a statement...
Overseas Remittances

Foreign Equity Capital Investments in Philippines Up in February

MANILA, PHILIPPINES - Foreign net equity capital in the Philippines increased by 184.7 percent in February to US$179 million, sending the total foreign direct...

DMCI Power Mulling Renewable Energy Entry

PHILIPPINES - Off-grid electricity supplier DMCI Power Corporation (DPC) is looking to expand its energy portfolio to include renewable energy (RE), DMCI Holdings Inc...
Overseas Remittances

Philippine Central Bank Meets This Week; Forecast To Keep Policy Rates

MANILA, PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is meeting this week and analysts have predicted that...

BDO Unibank Named Among ASEAN’s Top 50 Listed Firms

BDO Unibank Inc (BDO), one of the Philippines' leading banks, is among the recipients of the inaugural ASEAN Corporate Governance Awards Top 50 ASEAN...

Philippine Bank Lending Slows in March – BSP

MANILA, PHILIPPINES – Bank lending in the Philippines slowed down in March from a month ago, posting a growth of just 13.7 percent from...

Metrobank Partners with Bank of Yokohama To Serve Japanese Firms in the Philippines

MANILA, PHILIPPINES - Metropolitan Bank & Trust Company (Metrobank) recently signed an agreement with one of Japan’s leading financial conglomerates, The Bank of Yokohama...
Overseas Remittances

Philippine Business Confidence Up for Second Quarter

MANILA, PHILIPPINES - Overall business confidence in the Philippines for the second quarter soared to 49.2 percent, up from the 45.2 percent posted in...
Philippine Stocks

Philippine Stock Exchange Sets 4th PSE Bell Awards

The Philippine Stock Exchange, Inc. (PSE) is set to give recognition to listed companies and trading participants that serve as benchmarks for good corporate...
Overseas Remittances

Philippine International Reserves Up USD80.8 Billion in April

MANILA, PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said preliminary data showed that the country's gross international...

Philippine Banks Banned From Sending Unsolicited Advertisements Through SMS

MANILA, PHILIPPINES – The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), issued an advisory to the public to inform them of...

Philippine Stock Exchange Targets All-Time High of 9,000

MANILA, PHILIPPINES - After clocking 27 record finishes so far this year and breaking past the 8,100 level, the Philippine Stock Exchange (PSE) now...
South Luzon Thermal Energy

Ayala (PSE:AC) Posts Php17.7 Billion Earnings in Nine Months

MANILA, Philippines - The sustained earnings momentum of its telecommunications, real estate and banking units, including capital gains realized in the third quarter, drove...

Philippine Government Orders Probe on Cebu Hotel Overpricing As APEC Meetings Near

CEBU CITY - The Philippine Government has ordered the Department of Tourism (DOT) to investigate reports that some hotels in Cebu have increased their...

Aboitiz Power to Build Hydro Plant in Magat

PHILIPPINES – SN Aboitiz Power-Magat Inc (SNAP-Magat) is building an 8.5-megawatt hydroelectric power plant along the Maris Main (South) canal, Aboitiz Power Corporation (PSE:AP)...