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The Philippine Stock Exchange Index (PSEi) declined due to concerns over inflation and economic growth. Concurrently, the Philippine peso strengthened against the US dollar, indicating domestic economic uncertainties.
The Philippines' digital financial inclusion efforts were showcased at the UN Global Compact Leaders Summit. Mynt CEO Martha Sazon explained how GCash's AI credit scoring system, GScore, provides loan opportunities to many Filipinos beyond traditional collateral and documentation barriers, driving financial inclusion.
The House prosecution panel is confident it can complete the presentation of evidence regarding Vice President Sara Duterte's alleged unexplained wealth by October, citing scheduled intensive trial proceedings next month.
The Philippines and the United Kingdom have agreed on a £5-billion (approximately P419.9 billion) credit line to support priority projects aimed at strengthening financial and trade cooperation. This agreement will facilitate the flow of UK financing, expertise, and services for infrastructure development and other key initiatives in the Philippines.
The Bangko Sentral ng Pilipinas (BSP) has set a P1-billion minimum capital requirement for thrift, rural, and cooperative banks transitioning to digital banking models. This aligns them with existing digital banks, aiming to stabilize the financial system and ensure fair competition.
Former Cavite Representative Kiko Barzaga has drawn widespread condemnation for his celebratory posts regarding the death of Batanes Representative Ciriaco Gato Jr., with many Filipinos deeming his remarks 'absolutely disgusting.' Barzaga has a history of controversial statements.
The Philippines' Cybercrime Investigation and Coordinating Center (CICC) has extended compliance deadlines for Discord and Reddit regarding online content regulations. Following responses from both companies, the CICC is proceeding with re-establishing timelines.
The Philippine peso continued its upward trend against the US dollar for the second consecutive day, closing at P62.585:$1. The strengthening of the local currency was attributed to declining global crude oil prices amid diplomatic efforts concerning the Middle East conflict and anticipation surrounding the Philippines-European Union Free Trade Agreement (FTA).
A 15-year-old student in General Santos City, Philippines, has been placed under the care of a youth facility for alleged involvement in online threats against a school. Police emphasized the seriousness of the social media-related offense.
Public Works and Highways Secretary Vince Dizon testified on Wednesday in the graft trial of former Ako Bicol Rep. Zaldy Co and his co-accused. The case involves the P289.4-million Sunwest project in Oriental Mindoro's Naujan town, which state prosecutors allege had serious structural deficiencies.
The defense team of Philippine Vice President Sara Duterte is considering an appeal to the Supreme Court regarding the impeachment court's decision to lower the voting threshold for conviction. The defense team highlights potential fairness issues and intends to explore legal remedies.
The Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) flagged online recruitment by extremist groups as a growing threat during the ASEAN Peace Education Conference, with particular concern for its impact on youth.
The House prosecution panel stated that its goal to secure a conviction for Vice President Sara Duterte remains unchanged, despite the Senate impeachment court's vote that the threshold for conviction depends on the voting qualifications of senators. Prosecutors emphasized their focus on building a strong case with evidence.
The Philippine Stock Exchange index (PSEi) dipped below the 5,700 level, marking a nearly five-month low, due to geopolitical risks stemming from the Middle East crisis and global economic uncertainties. Investor caution fueled selling pressure.
The upcoming Initial Public Offering (IPO) of GCash, the Philippines' leading fintech firm operated by Mynt, is anticipated to invigorate the domestic capital market and attract a surge of new retail investors. Both the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) are hopeful that this landmark listing will serve as a catalyst for market growth.
Philippine President Ferdinand “Bongbong” Marcos Jr. supports the suspension of a property tax hike, responding to a request from the Private Sector Advisory Council (PSAC). The council argued that raising property taxes during the current economic crisis would unduly burden owners.
A viral image falsely claiming former President Rodrigo Duterte is at an airport with his family has been debunked as AI-generated. Duterte remains in ICC custody in The Hague, Netherlands, and has not returned to the Philippines.
The Office of the President is seriously considering granting an absolute pardon on humanitarian grounds to Mary Jane Veloso, who is imprisoned in Indonesia for drug trafficking. The government views this as a commitment to protecting Filipino migrant workers.
Public Works and Highways Secretary Vince Dizon testified in the graft case of fugitive former lawmaker Zaldy Co, detailing substandard materials used in an Oriental Mindoro flood control project. Co faces charges for the P289.5-million project.
Senator Mark Villar deviated from the Senate minority bloc during a crucial vote in Vice President Sara Duterte's impeachment trial, siding with the majority. This move comes as Villar himself faces graft complaints.
The Philippine Senate impeachment court has effectively lowered the bar for convicting Vice President Sara Duterte by excluding absent senators from the required two-thirds majority. The new threshold will be based on senators legally and factually capable of participating in the trial, applying only to Duterte's case.
The Philippine Senate impeachment court has decided to lower the required vote for conviction against Vice President Sara Duterte. This adjustment means a two-thirds majority of eligible senator-judges can now secure a conviction.
Malacañang on Wednesday defended the proposed P58.53-billion Local Government Support Fund (LGSF) for the 2027 national budget, dismissing claims by a lawmaker that it amounts to a "presidential pork barrel." The Palace argued that the LGSF allocation process is transparent and does not violate previous Supreme Court rulings.
A tropical depression is forecast to enter the Philippine Area of Responsibility (PAR) on Thursday and may intensify into a typhoon, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). The system, to be named 'Queenie', is expected to bring thunderstorms to several areas.
The Philippine Senate, acting as an impeachment court, has lowered the vote threshold required for conviction in the impeachment trial of Vice President Sara Duterte. This reduces the number of votes needed from 16 to 14, potentially jeopardizing the VP's political standing.
The Philippines and the European Union are advancing negotiations for a Free Trade Agreement (FTA), which is expected to bolster the Philippine economy's resilience. The enhanced economic ties aim to increase its robustness against global economic uncertainties.
A Philippine impeachment court ruling on absentee senators' voting eligibility appears to pave a more feasible path for the prosecution to secure a conviction against Vice President Sara Duterte. However, prosecutors acknowledge the ongoing challenge of building their case.
The Philippine Senate has voted to lower the threshold for convicting Vice President Sara Duterte in her impeachment trial, from two-thirds of all 24 senators to two-thirds of those legally able to participate. Senator Mark Villar, a member of the minority bloc, cast a rare 'yes' vote.
The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) held its first parliamentary elections, marking a critical juncture in the peace process. The contest for 80 seats will shape the future of peace and development in the region, with results poised to influence political dynamics and the path forward.
Vice President Sara Duterte is now participating in her impeachment trial with caution following a Senate vote to lower the threshold for conviction. Her defense team stressed her commitment to accountability and her right to a fair and impartial trial.
Elections in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) have been hailed as a significant milestone in the peace process. However, a monitoring team has indicated that the "normalization" phase, encompassing disarmament and socio-economic reintegration, remains incomplete.
Philippine rights advocates and former officials are reiterating the importance of the 2016 arbitral ruling on the South China Sea, urging citizens to uphold it amidst ongoing tensions with China, which continues to reject the decision.
Senate impeachment court presiding officer Francis "Chiz" Escudero clarified the calculation for the two-thirds vote needed to convict Vice President Sara Duterte. The threshold will be based on the total number of qualified senators, excluding those absent from proceedings.
Schools in Mindanao have produced 33 of the top 75 passers in the recent Social Work licensure examinations in the Philippines, highlighting the region's academic excellence and potential.
Filipino software startup BossLabs AI is targeting expansion into Southeast Asia, with Malaysia, Indonesia, and Thailand as initial markets. The company specializes in developing custom software and integrating AI for businesses.
The Asian Development Bank (ADB) anticipates that the Philippine economy will regain growth momentum in 2027. Specific growth rates and contributing factors remain limited at this time.