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Latest Business Stories

PH peso sinks back to 57:$1 as US Fed hold boosts dollar

Energy (Oil, Electricity, Coal)

Meralco unit PacificLight switches on 100-MW plant in Singapore

Columns

BIZ BUZZ: Tanduay’s lucky No. 8

Brandroom
Foreign Exchange Rate
June 18, 2025
usd
1 USD = 56.5790
Currency Peso Equivalent
jpy
JPY
0.3896
gbp
GBP
75.9969
hkd
HKD
7.2078
chf
CHF
69.3115
CAD
CAD
41.3740
SGD
SGD
44.0030
AUD
AUD
36.6406
BHD
BHD
150.0769
Currency Peso Equivalent
SAR
SAR
15.0809
BND
BND
43.8325
IDR
IDR
0.0035
JPY
THB
1.7377
AED
AED
15.4065
EUR
EUR
64.9697
KRW
KRW
0.0410
CNY
CNY
7.8719
Index Report
Market CLOSED: Jun 18, 2025 3:58 PM
Index
Value
Chng%
PSEi
6,337.43
0.5
All Shares
3,772.79
0.29
Financials
2,304.06
1.71
Industrial
9,150.28
0.45
Holding Firms
5,415.15
0.43
Services
2,219.52
0.24
Mining and Oil
9,899.69
1.55
Property
2,246.02
0.05

Industries

Meralco unit PacificLight switches on 100-MW plant in Singapore

MANILA, Philippines — PacificLight Power Pte Ltd. has switched on its 100-megawatt facility in Singapore, designed to help meet the Southeast Asian country’s energy needs. The company is a subsidiary...

Finance

World Bank lifts ban on nuclear energy financing

WASHINGTON, United States — The World Bank is re-entering the nuclear energy space “for the first time in decades,” its President Ajay Banga said Wednesday, as it works towards meeting...

Consumer & Retail

1M power banks recalled in US as some consumers report fires

NEW YORK, United States — More than 1.15 million power banks are under recall across the U.S. after some fires and explosions were reported by…

Columns

Tourism & Transportation

Cebu Pacific boosts pilot training as fleet expands

MANILA, Philippines —  The joint venture between Cebu Pacific and Canada-based simulation technology developer CAE Inc. will deploy another full-flight simulator (FFS) next year to…

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

Taiwanese entrepreneurs in China feel heat from cross-Strait tensions

KUNSHAN, China — Bustling Taipei-style shopping streets, majestic temples to the island’s deities and thriving factories dot the eastern Chinese city of Kunshan. For years, Kunshan…

Communications

Asian stocks drop after Fed warning, oil dips with Mideast in focus

HONG KONG, China — Asian stocks fell Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth.…

Industry Movements

Digital bank in Europe eyes entry into Philippine market

MANILA, Philippines — A European digital bank is at the initial stage of clearing regulatory hurdles before it can finally enter the Philippine market, a…

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