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Joblessness in the Philippines worsens in April

Latest Business Stories

Consumer confidence sinks amid political drama

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Foreign Exchange Rate
June 5, 2025
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1 USD = 55.7890
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75.6276
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7.1119
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68.2017
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40.8053
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36.1959
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148.0325
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14.8783
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43.2004
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0.0034
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1.7113
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15.1906
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Index Report
Market CLOSED: Jun 5, 2025 5:29 PM
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Value
Chng%
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0.03
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3,779.22
0.28
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2,349.74
1.12
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8,953.75
0.06
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5,438.94
0.42
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2,203.86
0.63
Mining and Oil
9,889.52
0.19
Property
2,289.40
1.11

Industries

Meralco sees mixed signals on rate for June billing

MANILA, Philippines — Manila Electric Co.’s (Meralco) rate adjustment this June remains uncertain, as the utility noted mixed indications. Only transmission costs signaling a potential hike. In a statement on...

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

AirAsia Move fine-tuning app amid ticket pricing probe

MANILA, Philippines — AirAsia Move is working with industry regulators in crafting plane ticket pricing guidelines after recently facing overcharging allegations. In particular, AirAsia Group’s…

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

Philippine dollar reserves gain thanks to gold, investments

MANILA, Philippines — The Philippines’ dollar reserves rose slightly in May, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. This was attributed to inflows…

Communications

Asian markets wobble as Trump-Xi talks offset by Musk row

HONG KONG, China — Asian markets stuttered Friday as the stunning public row between the US leader and Elon Musk wiped out optimism from “very…

Industry Movements

UnionDigital poised to be a pickier lender

MANILA, Philippines — UnionDigital Bank will be pickier in granting loans to maintain the improvement in its asset quality while also growing its client base.…

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