Business
Headlines

Hotel101 expands to Saudi Arabia

Brandroom
Foreign Exchange Rate
May 29, 2025
usd
1 USD = 55.5670
Currency Peso Equivalent
jpy
JPY
0.3838
gbp
GBP
74.8654
hkd
HKD
7.0913
chf
CHF
67.2398
CAD
CAD
40.1699
SGD
SGD
43.1053
AUD
AUD
35.6851
BHD
BHD
147.4317
Currency Peso Equivalent
SAR
SAR
14.8147
BND
BND
42.9387
IDR
IDR
0.0034
JPY
THB
1.6998
AED
AED
15.1302
EUR
EUR
62.7740
KRW
KRW
0.0405
CNY
CNY
7.7212
Index Report
Market CLOSED: May 29, 2025 3:58 PM
Index
Value
Chng%
PSEi
6,412.81
0.2
All Shares
3,753.10
0
Financials
2,413.77
0.58
Industrial
8,940.10
0.55
Holding Firms
5,439.79
0.41
Services
2,154.34
0.5
Mining and Oil
9,612.65
1.82
Property
2,247.70
0.33

Industries

Peza posts record P1.39-billion dividend payout

MANILA, Philippines — The Philippine Economic Zone Authority (Peza) on Tuesday said it remitted P1.39 billion in dividends out of its 2024 earnings, marking its second year of contributing over...

Finance

Are Pinoys ready to insure love?

MANILA, Philippines — Why don’t we insure love in the same way we insure life, property or health?” That question stayed with me after watching The Divorce Insurance, a new...

Consumer & Retail

Price cuts seen for one in every 10 school supply items

Price cuts seen for one in every 10 school supply items

MANILA, Philippines — A little over a tenth of school supplies tracked by the government posted price drops, with reductions ranging from P1 to P10.…

Columns

Tourism & Transportation

PAL’s new jets start arriving this 2025

MANILA, Philippines — The operator of Philippine Airlines (PAL) is on track to receive additional long-range aircraft by the end of this year. This would…

Foreign News

Developing nations face 'tidal wave' of China debt – report

SYDNEY, Australia — The world’s poorest nations face a “tidal wave of debt” as repayments to China hit record highs in 2025, an Australian think tank…

Economy

US economy contracted less than estimated in Q1- government

WASHINGTON, United States — The US economy contracted less than estimated in the first three months of this year, government data released Thursday showed, revising data…

Communications

US stocks rise as market weighs tariff ruling

NEW YORK, United States — US stocks finished modestly higher Thursday following strong earnings from Nvidia. This also happened as a judicial ruling added to…

Industry Movements

BIZ BUZZ: Landbank, DBP ‘Cha-cha’ on hold

MANILA, Philippines — The much-talked-about Charter changes—or “Cha-cha,” as many like to call it—for the Land Bank of the Philippines (Landbank) and the Development Bank…

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