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Philippine conglomerate SM Investments has denied reports of acquiring membership shopping retailer Landers, with analysts indicating no immediate short-term impact on SM or its competitors' stock prices.
The Philippine manufacturing Purchasing Managers' Index (PMI) sharply declined in September, falling back into contraction for the first time since April. Weakening output, new orders, and employment, coupled with declining export demand, signal a broad loss of momentum. The continued price hikes by manufacturers amid softer demand complicates the central bank's monetary policy outlook.
A remark by Senator Raffy Tulfo, suggesting a prosecutor was 'trying to be cute' during Vice President Sara Duterte's impeachment trial, has drawn criticism. Prosecutor Lorna Kapunan reminded the Senate, the very body that passed the Safe Spaces Act, of its commitment to ensuring respectful discourse.
The Department of Health (DOH) in the Mimaropa region of the Philippines has stockpiled water, medicines, and emergency supplies, placing response teams on standby in anticipation of El Niño's potential impacts. The DOH-MIMAROPA reported on specific preparedness measures during a recent Regional Disaster Risk Reduction and Management Council meeting.
Police in Cagayan, Philippines, have recovered a significant arms cache hidden in a forested area of Baggao. A former rebel provided the tip, leading to suspicions that the weapons were stashed by communist insurgents.
Former Prime Minister Cesar Virata, who also served as finance minister for an extended period, has passed away at the age of 95. He is widely recognized for his significant contributions to the Philippine economy.
Philippine finance super app GCash has launched "Part-Owner Era" hubs to deepen stock market understanding and expand financial education. This initiative offers hands-on learning about capital markets, making it more approachable for Filipinos, especially newcomers.
Neighborhood sari-sari stores in the Philippines are proving to be a vital source for affordable medicine, allowing many Filipinos to purchase only the tablets they can afford, a study by researchers from the University of the Philippines, Ateneo de Manila University, and Bulacan State University found. This highlights their role in health access for economically challenged populations.
An unidentified body in an advanced state of decomposition was found floating in the waters off Honda Bay in Puerto Princesa City. Police have launched an investigation, raising security concerns among local residents.
Amid a spate of school shootings in the Philippines, President Marcos stressed that protecting children is a shared responsibility involving the government, police, teachers, parents, and the community, highlighting the need to address online risks.
The Catholic Church and the Bureau of Customs in the Philippines have signed an MOU to facilitate ship visits, enhancing pastoral care for Filipino seafarers. This initiative aims to ensure seafarers working abroad do not feel isolated.
The prosecution panel in the impeachment trial of Vice President Sara Duterte stated that dropping witnesses is not a bluff but a strategic part of their ongoing assessment of evidence, emphasizing it's a calculated move based on case evaluation.
V, a member of the popular K-pop group BTS, has been appointed as the new ambassador for Digital Walker, a technology retail company in the Philippines. This appointment highlights the growing interest in digital products in the Philippines and the expanding influence of K-pop culture.
Senator Risa Hontiveros has called on the Philippine government to help expedite the release of Mark Mabasa, son of slain broadcaster Percy Lapid, who is reportedly detained by US Immigration and Customs Enforcement (ICE) in California. Mabasa is seeking asylum in the US following his father's assassination, with the reason for his detention undisclosed.
Three years after its inception, the Philippines' Maharlika Investment Fund (MIF) has shown limited progress on its promised goals of infrastructure development and job creation. Significant funds are yielding only short-term interest, with the path to achieving its original objectives remaining unclear.
Former Senator Antonio Trillanes IV held a press conference after being removed from the impeachment trial witness list of Vice President Sara Duterte, leveling several allegations including ties to China, a fictitious company name, and undeclared time deposits.
Cesar Virata, the Philippines' longest-serving finance chief and former prime minister, has passed away at 95. He led the nation's finances from 1970 to 1986, with his leadership during economic crises being particularly noted.
A symposium organized by Unilab Foundation highlighted the critical need for sustainable funding, quality health data, and effective systems to make Universal Health Care (UHC) functional at the local level in the Philippines. National and local leaders convened to discuss strengthening community health systems.
A Department of Public Works and Highways (DPWH) project engineer admitted to relying on contractor reports for a road dike project in Oriental Mindoro when his staff could not personally monitor or inspect the construction, raising questions about oversight.
The No Contact Apprehension Policy (NCAP) will be reinstated in six cities within Metro Manila starting October 5. Video and images captured by CCTV and digital cameras will be used as evidence of violations.
A former Department of Social Welfare and Development (DSWD) official has been found guilty by the Sandiganbayan for the misuse of P5 million in pork barrel funds intended for low-income residents in 2007. The ruling underscores the court's stance against public fund mismanagement.
The Philippine Senate has moved closer to passing the Child Online Safety and Protection Act, which restricts social media use for individuals under 18, after approving it on its second reading Wednesday night. The bill aims to shield minors from online dangers.
Mary Jane Veloso, granted pardon by President Marcos after her drug trafficking conviction, is proceeding with criminal cases against her alleged illegal recruiters to clear her name. Released from prison on September 25, she is scheduled to appear in a Nueva Ecija court.
Former Senator Antonio Trillanes IV announced his withdrawal as a witness in the impeachment trial of Vice President Sara Duterte, citing "pressure" on the prosecution panel. He stated his intention to alleviate their difficult situation, highlighting ongoing political tensions.
Former Senator Antonio Trillanes IV questioned why a subpoena was not issued for him to testify as a prosecution witness in the impeachment trial of Vice President Sara Duterte. Despite being on the prosecution's witness list, the court did not issue a subpoena, forfeiting his testimony.
Cesar Virata, the longest-serving finance chief and former Prime Minister under Ferdinand Marcos Sr., has passed away at 95. His death marks the end of an era for a key figure in Philippine economic policy.
The Philippine peso saw gains against the U.S. dollar, while the Taiwan dollar weakened, amidst largely muted trading in other Asian currencies. This currency movement reflects regional economic trends and investor sentiment.
The University of the Philippines Rural High School (UPRHS) in Laguna has condemned alleged social media red-tagging targeting the institution and its members following a Martial Law remembrance activity. Former NTF-ELCAC officials are reportedly involved.
The Philippine sugar industry faces a dim start to its milling season as a devastating red-striped soft-scale insect (RSSI) infestation, particularly on Negros Island, dampens expectations for a bumper harvest. Industry stakeholders are scrambling to address potential yield reductions.
Benguet province's economic growth was impacted by declining output from its aging mines, registering 3.3 percent growth last year. This highlights challenges in the mining sector, which dates back to the colonial era.
Former Prime Minister and Finance Minister Cesar Virata, a key economic technocrat during the Marcos dictatorship, has passed away at 95. His legacy is intertwined with the regime's economic policies and challenges.
The Philippine Department of Foreign Affairs (DFA) has strongly rejected the Chinese Embassy's claims of sovereignty and jurisdiction over waters off Batanes, deeming them contrary to the UN Convention on the Law of the Sea (UNCLOS). China asserts its rights based on international law, escalating the dispute.
The Philippines is anticipating a mixed adjustment in fuel prices next week, with diesel expected to decrease by P1 per liter while gasoline and kerosene are projected to rise by P1.50 and P2 per liter, respectively. The Department of Energy cites global market fluctuations and China's suspension of refined product exports as key factors.
A former chief of the Bureau of Fire Protection (BFP) in the Philippines has pleaded not guilty to graft charges linked to an alleged bribe of P4 million. The case brings renewed attention to issues of public corruption within the country.
The Philippine Drug Enforcement Agency (PDEA) has warned the public against vaping products found to contain etomidate, a short-acting anesthetic, citing serious health risks associated with its non-medical use. The substance is reportedly marketed under street names like 'space oil.'
A group of protesters gathered outside Club Filipino in San Juan City, Philippines, calling for Vice President Sara Duterte's conviction in her impeachment trial. The demonstration coincided with a press conference by former Senator Antonio Trillanes, causing some traffic slowdown.