Young, poised Gonzales logs Aussie victory

Young, poised Gonzales logs Aussie victory

Cailey Gonzales showed why she is one of the fastest rising stars in Philippine junior golf recently after playing with composure far beyond her years to pocket the 11-12 crown in the US Girls’ Golf Australian Challenge 2025 at Heritage Golf and Country Club in Chirnside Park, Victoria, Australia. The 12-year-old student from Brent International […]... Keep on reading: Young, poised Gonzales logs Aussie victory

Vet Santiago heads men’s FAB 5150 field

Vet Santiago heads men’s FAB 5150 field

World Championship veterans Mervin Santiago and Nicole Andaya will spearhead a crack and seasoned field seeing action in the inaugural 5150 Freeport Area of Bataan (FAB) Triathlon, set to light up the scenic coastal hub of Mariveles, Bataan, on Sunday. A consistent top-three finisher among Filipino bets in the Ironman World Championship, Santiago brings star […]... Keep on reading: Vet Santiago heads men’s FAB 5150 field

PSEi plunges to fresh 5-year low, tracks pandemic level

PSEi plunges to fresh 5-year low, tracks pandemic level

MANILA, Philippines — The government’s corruption crisis, softer consumption and cut in public spending that led to economic growth slowing to a four-year low continued to erode investor confidence, with the capital index on track to drop to its weakest finish since the COVID-19 pandemic. The Philippine Stock Exchange index (PSEi) fell by another 1.29 […]... Keep on reading: PSEi plunges to fresh 5-year low, tracks pandemic level

BIZ BUZZ: Big business comes to the rescue

BIZ BUZZ: Big business comes to the rescue

MANILA, Philippines — Filipino resilience has become a hackneyed idea during typhoons. How about bayanihan instead? In the past days, as the successive Typhoon “Tino” and Supertyphoon “Uwan” left parts of the Philippines in a sorry state, some of the country’s biggest businesses showed up to help victims across Luzon and the Visayas. The Lucio […]... Keep on reading: BIZ BUZZ: Big business comes to the rescue

Philippine Airlines 9-mo earnings surged by 17%

Philippine Airlines 9-mo earnings surged by 17%

MANILA, Philippines — Flag carrier Philippine Airlines (PAL) saw its earnings from January to September jump by 17 percent, mainly propelled by the implementation of its strategic and long-term endeavors. PAL Holdings Inc., parent of the air carrier, said in a disclosure the nine-month bottom line reached $159 million or P9 billion this year from […]... Keep on reading: Philippine Airlines 9-mo earnings surged by 17%

PLDT profit falls 11% on lower noncore gains

PLDT profit falls 11% on lower noncore gains

MANILA, Philippines — PLDT Inc. saw its January-September bottom line fall by 11 percent to P25.1 billion from 28.1 billion. This was blamed on lower noncore gains and higher nonrecurring charges. Even then, the company said in a statement its core net income held steady at P25.8 billion. PLDT said its equity share in Maya […]... Keep on reading: PLDT profit falls 11% on lower noncore gains

New service links ICTSI’s Aussie port to China, Indonesia

New service links ICTSI’s Aussie port to China, Indonesia

Victoria International Container Terminal strengthens Asia connectivity with upgraded Koala service. (ICTSI) MANILA, Philippines — Global ports operator International Container Terminal Services Inc., led by billionaire Enrique Razon Jr., has struck a deal to connect its Australian business directly with major ports in China and Indonesia. This was made possible with the Koala service of […]... Keep on reading: New service links ICTSI’s Aussie port to China, Indonesia

BPI sees Philippine economy growing at 5% level

BPI sees Philippine economy growing at 5% level

MANILA, Philippines — Bank of the Philippine Islands (BPI) remains bullish about its 2026 performance as its top executive sees the domestic economy bouncing back to a 5-percent growth level. Despite the absence of elections boosting consumer spending, and with the series of typhoons taming demand, BPI president and chief executive officer TG Limcaoco still […]... Keep on reading: BPI sees Philippine economy growing at 5% level

Apex Mining logged 77.5% jump in three-quarter earnings

Apex Mining logged 77.5% jump in three-quarter earnings

MANILA, Philippines — Robust metal sales and higher prices boosted the profitability of the Razon Group’s Apex Mining Co. Inc. in the nine months ending in September. Net income soared by 77.5 percent to P5.45 billion. In a disclosure on Tuesday, Apex Mining firm said the bottom line in the third quarter alone reached P2.15 […]... Keep on reading: Apex Mining logged 77.5% jump in three-quarter earnings

The hidden tax we all pay

The hidden tax we all pay

MANILA, Philippines — After almost four decades in the financial services industry, I’ve watched markets rise, fall and flatline through one crisis after another—the Asian Financial Crisis, Global Recession, pandemic and everything in between. If there’s one lesson that has never changed, it’s this: the market doesn’t care about our political opinions. It doesn’t reward […]... Keep on reading: The hidden tax we all pay

Philippine banks’ 9-mo profits up as margins hold firm

Philippine banks’ 9-mo profits up as margins hold firm

MANILA, Philippines — Philippine banks posted a nearly 4-percent profit growth in the first nine months, buoyed by resilient margins that expanded at a double-digit pace even as interest rates declined. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed the local banking sector netted P300.4 billion from January to September, up by 3.6 […]... Keep on reading: Philippine banks’ 9-mo profits up as margins hold firm

Peso to stay under pressure, trade around 58:$1

Peso to stay under pressure, trade around 58:$1

MANILA, Philippines — The persistent weakness of the Philippines’ external position and the central bank’s higher tolerance for a weak currency would continue to weigh on the peso, Dutch financial giant ING Bank said. In a note to clients, economists at ING said the “negatives” that have been stacking up against the local currency could […]... Keep on reading: Peso to stay under pressure, trade around 58:$1

BSP pushes for 24/7 digital payments system

BSP pushes for 24/7 digital payments system

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has urged the country’s payment system players to help build a round-the-clock digital payments network, one designed to move money in real time, link up with foreign systems and give the economy’s pulse a faster, steadier beat. The central bank made the call during the “2025 […]... Keep on reading: BSP pushes for 24/7 digital payments system