BDO sells majority stake in Dominion Holdings
BDO UNIBANK, Inc. is selling its majority stake in its investment holding company Dominion Holdings, Inc. (DHI). The bank on Monday (Jan. 19) signed a...
Author : Michael H. Henry
Philippines discovers ‘significant’ natural gas reserve at Malampaya East-1
By Chloe Mari A. Hufana and Sheldeen Joy Talavera, Reporters THE PHILIPPINES has made its first major natural gas discovery in more than a decade,...
Marcos announces Malampaya gas discovery
The Philippines has made its first major natural gas discovery in more than a decade, a development that could strengthen domestic energy supply and support...
Philippine banks’ NPL ratio eases in November
By Katherine K. Chan, Reporter THE PHILIPPINE BANKING system’s gross nonperforming loan (NPL) ratio eased at end-November, preliminary data from the Bangko Sentral ng Pilipinas...
Wholesale price growth of NCR building materials steady in December
Price growth of bulk construction materials in the National Capital Region (NCR) steadied in December, the Philippine Statistics Authority (PSA) reported on Thursday. Data from...
Philippine remittances slip to six-month low in November
By Katherine K. Chan, Reporter MONEY SENT HOME by overseas Filipino workers (OFW) fell to its lowest level in six months in November, the Bangko...
Manila, Tokyo ink military supply deal
By Adrian H. Halili, Reporter THE Philippines and Japan on Thursday signed an agreement that would grant mutual access to defense supplies and services during joint...
Tropical Depression Ada maintains strength; Storm Signal No. 1 up in a dozen areas
Tropical Depression Ada has maintained its strength as it moves near Eastern Visayas, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on...
Peso slides to record low P59.44:$1
By Aaron Michael C. Sy, Reporter THE PHILIPPINE PESO slid to a record low of P59.44 a dollar at Wednesday’s close, failing to sustain support...
Philippine FDI net inflows plunge nearly 40% in October
By Katherine K. Chan, Reporter NET INFLOWS of foreign direct investments (FDI) into the Philippines plunged nearly 40% year on year in October, as foreigners’...