Business
Corporate earnings

Chinabank Q1 earnings jumped 10% to P6.5B

Brandroom
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

US manufacturing contraction deepens amid trade uncertainty

WASHINGTON, United States — A US manufacturing slump deepened last month as uncertainty related to President Donald Trump’s tariffs rippled through the sector. This is according to survey data published Thursday....

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

Trade deficit widened as imports surged in March 

MANILA, Philippines — The Philippines posted its widest merchandise trade deficit in two months in March as imports recorded their fastest growth in nearly a…

Economy

Tariffs prompt Bank of Japan to lower growth forecasts

TOKYO, Japan — The Bank of Japan revised down its growth forecasts and held interest rates steady on Thursday. It warned that trade tariffs are fueling…

Communications

Asian shares rise as China says it's considering US overtures on Trump's tariffs

HONG KONG — Asian markets advanced Friday after China’s Commerce Ministry said Beijing is evaluating overtures from the US regarding President Donald Trump’s tariffs. Futures…

Industry Movements

Tariffs prompt Bank of Japan to lower growth forecasts

TOKYO, Japan — The Bank of Japan revised down its growth forecasts and held interest rates steady on Thursday. It warned that trade tariffs are fueling…

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