Business
Latest Business Stories

Asian markets extend gains as China-US talks proceed

Energy (Oil, Electricity, Coal)

Group calls on ERC to penalize 22 gencos for ‘poor performance’

Headlines / Featured

CREC sets over $1-B capex for first gigawatt goal

Brandroom
Foreign Exchange Rate
June 10, 2025
usd
1 USD = 55.8220
Currency Peso Equivalent
jpy
JPY
0.3863
gbp
GBP
75.6444
hkd
HKD
7.1135
chf
CHF
67.9430
CAD
CAD
40.7579
SGD
SGD
43.4108
AUD
AUD
36.3680
BHD
BHD
148.0768
Currency Peso Equivalent
SAR
SAR
14.8843
BND
BND
43.2427
IDR
IDR
0.0034
JPY
THB
1.7060
AED
AED
15.1983
EUR
EUR
63.7599
KRW
KRW
0.0413
CNY
CNY
7.7763
Index Report
Market CLOSED: Jun 10, 2025 3:58 PM
Index
Value
Chng%
PSEi
6,347.67
0.91
All Shares
3,758.50
0.74
Financials
2,330.79
1.41
Industrial
8,885.98
0.31
Holding Firms
5,465.99
0.65
Services
2,211.36
0.8
Mining and Oil
9,425.51
1.02
Property
2,241.80
1.27

Industries

Consumer group pushes for ‘overhaul’ of electricity auction rules

MANILA, Philippines — A group of consumer welfare advocates urged the Department of Energy (DOE) to drop current rules on power supply biddings.  The National Association of Electricity Consumers for...

Finance

Funds raised by PDIC from asset sales breach P400 million

MANILA, Philippines — The Philippine Deposit Insurance Corp. (PDIC) reported a 24.7 percent increase in proceeds from asset sales in 2024, augmenting the state insurer’s resources to settle the claims...

Consumer & Retail

Consumer confidence sinks amid political drama

Consumer confidence sinks amid political drama

MANILA, Philippines — Recent political developments ahead of the recent midterm elections added to the concerns of Filipino consumers. According to the Bangko Sentral ng…

Columns

Tourism & Transportation

VinFast to invest $1B in PH electric taxi fleet

MANILA, Philippines — Vietnamese automaker VinFast is investing up to $1 billion in the next three years for its all-electric taxi fleet venture in the…

Foreign News

DA extends issuance of fish import permit till June

MANILA, Philippines — Tight importation schedules and supply issues prompted the Department of Agriculture (DA) to extend the issuance of fish import permits to June.…

Economy

Filinvest, Engie activate new solar project in Laguna

Filinvest-ENGIE Renewable Energy Enterprise Inc.’s (FREE) deal with Nexperia Philippines, Inc. covers the deployment of the solar facility to power the latter’s assembly and testing…

Communications

Tariff anxiety pulls PSEi below 6,400

MANILA, Philippines — Anxiety over trade talks abroad caused the Philippine Stock Exchange Index (PSEi) to shed some of its recent gains on Tuesday. By…

Industry Movements

Francis Lim sworn in as SEC chair

MANILA, Philippines — Francis Lim has officially began his term as chair of the Securities and Exchange Commission (SEC) on Tuesday, June 10. READ: Emilio…

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