Business
Latest Business Stories

PSE inks deal to buy MUFG shares in PDS

Latest Business Stories

US asks judge to break up Google’s ad tech business

Latest Business Stories

Apple eases App Store rules under court pressure

Latest Business Stories

PSBank nets P1.21B in Q1, driven by consumer lending

Brandroom

Aging in place

MAY 3, 2025
Foreign Exchange Rate
May 2, 2025
usd
1 USD = 55.9330
Currency Peso Equivalent
jpy
JPY
0.3851
gbp
GBP
74.2846
hkd
HKD
7.2108
chf
CHF
67.4786
CAD
CAD
40.3819
SGD
SGD
42.6677
AUD
AUD
35.6964
BHD
BHD
148.4028
Currency Peso Equivalent
SAR
SAR
14.9143
BND
BND
42.5055
IDR
IDR
0.0034
JPY
THB
1.6692
AED
AED
15.2285
EUR
EUR
63.1484
KRW
KRW
0.0390
CNY
CNY
7.6921
Index Report
Market CLOSED: May 2, 2025 3:58 PM
Index
Value
Chng%
PSEi
6,411.86
0.89
All Shares
3,741.12
0.37
Financials
2,473.76
0.31
Industrial
8,947.51
0.37
Holding Firms
5,445.28
1.84
Services
1,993.04
2.55
Mining and Oil
9,603.72
2.73
Property
2,310.22
0.57

Industries

OPEC+ countries to open the oil taps despite price slump

VIENNA, Austria — Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June at the risk of driving down already very low...

Finance

Wall Street rises on Microsoft and Meta Platforms lead

NEW YORK, United States  — Microsoft and Meta Platforms led Wall Street higher Thursday after the Big Tech companies reported profits for the start of the year that were even...

Consumer & Retail

US to end Friday shipping loophole for goods from China

WASHINGTON, United States — The United States is set to end tariff exemptions on Friday for goods shipped from China worth less than $800. This could…

Columns

Tourism & Transportation

Clark Int'l Airport Corp. to bid out P8.5-B food hub contract in early 2026

MANILA, Philippines — The Clark International Airport Corp. (CIAC) is set to launch a public bidding for the construction of its flagship P8.5-billion food hub…

Foreign News

Buffett says US shouldn't use "trade as a weapon" as Trump has done with tariffs

OMAHA, United States — Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn’t use “trade as a weapon” and…

Economy

White House seeks sharp spending cuts in Trump's 2026 budget plan

WASHINGTON, United States — The White House released President Donald Trump’s 2026 budget proposal Friday, hoping to slash, if not zero out, spending on many…

Communications

US stocks finish higher extending rally

NEW YORK, United States — Wall Street stocks concluded a strong week on a winning note Friday, notching solid gains on good US jobs data…

Industry Movements

Betting on next pope gains popularity ahead of the conclave

ROME, Italy — This week’s conclave to elect the successor to Pope Francis as leader of the world’s 1.4 billion Catholics is a solemn affair…

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