MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) on Thursday cut the key rate by a quarter point, as softer inflation allowed monetary authorities to resume its easing cycle in the face of global headwinds from sweeping US...
It’s on a 90-day pause for now. But with the barrage of reciprocal tariffs that US President Donald Trump threatens to impose on the rest of the world—which the Philippines may not be spared from —are we bound to see the spiraling of...
MANILA, Philippines — A group of rural workers’ advocates urged the Philippine government to impose a floor price for palay (unmilled rice) to arrest the decline in retail prices of the staple grain. In a statement on Thursday, the...
MANILA, Philippines — Strong sales across its businesses lifted the 2024 earnings of grocery retail chain Puregold Price Club Inc. by 21.3 percent to a record P10.4 billion. In a stock exchange filing on Thursday, the Lucio Co-led...
MANILA, Philippines — RFM Corp. saw its net income last year jump by 12 percent to P1.4 billion on the back of gains across its segments. However, the Concepcion family-led company expects growth this year to ease down to the...
MANILA, Philippines — NOW Telecom will appeal the termination of its franchise to operate a mobile telecommunications system. In a disclosure on Thursday, the Mel Velarde-led listed parent firm NOW Corp. said that its provisional...
MANILA, Philippines — Vivant Hydrocore Holdings Inc. (Vivant Water), a subsidiary of listed Vivant Corp., has clinched a 25-year deal to supply water to Metro Cebu residents. In a disclosure Thursday, the Cebu-based conglomerate said...
MANILA, Philippines — When it comes to nutrition, vegetables must be the priority. This is especially important today, with 27 percent of Filipino families suffering from “involuntary hunger” (nothing to eat at least once in the last...
MANILA, Philippines — Although it had started the day ecstatic, the local bourse trimmed some of its early wins on Thursday to settle just below the 6,100 level as investors attempted to shield themselves from escalating trade tensions...
MANILA, Philippines — The higher tariffs on Filipino goods coming to America might prompt the Marcos administration to devise a fiscal stimulus plan to defend the local economy from shocks, a response that could put the state’s fiscal...
MANILA, Philippines — After nearly five years, Philippine Airlines (PAL) is reopening its aviation school in partnership with Australian pilot training institute Airways Aviation as the flag carrier builds up its pilot roster in response...
MANILA, Philippines — Funding for corporate social responsibility projects in the Philippines is expected to continue flowing, amid the continued support for programs focused on diversity, equity and inclusion (DEI). Citing a recent...
MANILA, Philippines — Steve Sy is founder and CEO of Great Deals Corp., the Philippines’ leading e-distributor providing end-to-end solutions to maximize the e-commerce potential of brands. He is a recipient of the 2nd Mansmith...
MANILA, Philippines — Financial freedom can be a moving target and an elusive dream unless one defines his or her ultimate goal. This was stressed in a recent investment briefing organized by IFE (Investment for Everyone) Management for...
MANILA, Philippines — Twenty-five years ago, BDO Capital and Investment Corp. began as a company offering plain-vanilla loans, operating only as a small player in the investment banking space. A quarter of a century later, BDO Capital...
MILAN, Italy — Italian fashion house Prada announced Thursday it had reached a deal with US group Capri Holdings to buy its flashy rival Versace for 1.25 billion euros ($1.38 billion). The acquisition will create a luxury group with...
Tech companies are investing hundreds of billions of dollars in data centers across the country. But despite the record-setting price tags, the centers create few jobs.
Updated at 9:41 p.m. on April 10, 2025 MANILA, Philippines — Retail magnate Vivian Que-Azcona, president of leading drug store chain Mercury Group of Companies, died on April 5 at the age of 69. Industry sources said Que-Azcona had...
MANILA, Philippines — Prominent business groups on Thursday called for justice and sweeping reforms to restore public safety in the wake of the brutal killing of businessman and philanthropist Anson Que and his driver. This killing of...
Northeast states have bet big on offshore wind to meet spiking power demand and drive economic growth. But the industry's future is much more uncertain under President Trump.
MANILA, Philippines — Puregold Price Club Inc., the listed grocery retail chain of billionaire Lucio Co, grew its 2024 earnings by 21.3 percent to a record P10.4 billion on growth across its brands. In a stock exchange filing on...
With tariffs on cars, materials and parts threatening to send auto prices up, some shoppers are racing to lock in vehicles at pre-tariff prices. Others plan to drive their current rides into the ground.
Colin Campbell has been hired by Axios to cover supply chain deals and the freight industry. He has been at Industry Dive as senior editor and senior reporter at Trucking Dive. He also worked as a reporter for Supply Chain Dive. Campbell...
Axios has hired Katherine Davis as its biotechnology deals reporter. Davis has been at Crain’s Chicago Business covering health care and life sciences companies. She previously was a general assignment and tech startup reporter at...
Consumer prices in March were up 2.4% from a year ago — a smaller annual increase than forecasters had expected. While President Trump has suspended many of his new tariffs, import taxes that remain could push prices higher in the months...
Lee Meyer has been hired by Newsday to cover the business of health care and cannabis. He previously was the managing editor of Northforker lifestyle magazine, writing articles for both news and print. He also assigned photographers to...
The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were all down a few points on Thursday following massive spikes the day before, when the U.S. first announced a 90-day pause on some tariffs.
Seattle Times general assignment business reporter Alex Halverson is moving to the Big Tech beat. He replaces Lauren Rosenblatt, who has moved to the Boeing and aerospace beat. Halverson joined the Times last year. Halverson had been a...
Mergermarket has hired Kezia Kho as a senior private equity reporter. She is based in London and is covering fund launches, performance, deployment, exits, LP appetite and broader industry trends. Kho previously worked at With...
William Turton has joined ProPublica to cover the Department of Government Efficiency. He previously was a senior writer at Wired and also worked at Bloomberg News covering hackers and cybersecurity. Turton also worked as a reporter at...