Business
Latest Business Stories

Philippines nears issuance of e-commerce trustmark rules

Latest Business Stories

Profit-taking pulls down PSEi

Latest Business Stories

JG Summit Q1 profit plunges by 61% on petrochem losses

Brandroom
Foreign Exchange Rate
May 14, 2025
usd
1 USD = 55.7130
Currency Peso Equivalent
jpy
JPY
0.3779
gbp
GBP
74.1540
hkd
HKD
7.1463
chf
CHF
66.4040
CAD
CAD
39.9778
SGD
SGD
42.8199
AUD
AUD
36.0352
BHD
BHD
147.8347
Currency Peso Equivalent
SAR
SAR
14.8544
BND
BND
42.6560
IDR
IDR
0.0034
JPY
THB
1.6771
AED
AED
15.1691
EUR
EUR
62.3317
KRW
KRW
0.0393
CNY
CNY
7.7336
Index Report
Market CLOSED: May 14, 2025 3:59 PM
Index
Value
Chng%
PSEi
6,551.81
0.23
All Shares
3,798.88
0.17
Financials
2,495.62
1.03
Industrial
9,190.62
0.51
Holding Firms
5,449.32
1.53
Services
2,139.87
0.5
Mining and Oil
9,211.29
0.48
Property
2,329.60
2.89

Industries

Mitsui starts mass production of e-methanol with Danish firm

Aabenraa, Denmark (Jiji Press) — Major Japanese trader Mitsui & Co. and Danish renewable energy company European Energy A/S have jointly launched the world’s first mass production of environmentally friendly...

Finance

Peaceful polls push up PSEi

MANILA, Philippines — A “generally peaceful” midterm elections propelled the Philippine Stock Exchange Index (PSEi) toward one of its highest closing values this year. By the end of the session...

Consumer & Retail

Sony Group logs record net profit for fiscal year 2024

Sony Group logs record net profit for fiscal year 2024

TOKYO, Japan — Sony Group Corp. on Wednesday posted a record consolidated net profit of 1,141.6 billion yen ($7.7 billion) for fiscal 2024, up 17.6…

Columns

Tourism & Transportation

Nissan to shut 7 plants, shed 20,000 jobs on huge loss

Yokohama (Jiji Press) — Nissan Motor Co. said Tuesday that it will close seven vehicle plants and reduce its group workforce by 20,000 people in…

Foreign News

US reverses Biden-era export controls on advanced AI chips

WASHINGTON, United States — The United States rescinded further export controls Tuesday on advanced computing semiconductors, answering calls by countries that said they were being…

Economy

Trump lays out Middle East vision, new US approach in Iran, Syria

RIYADH, Saudi Arabia (AP) — President Donald Trump on Tuesday held out Saudi Arabia as a model for a reimagined Middle East, using the first…

Communications

Profit-taking pulls down PSEi

MANILA, Philippines — Profit-takers dragged the local bourse on Wednesday, shrugging off the overnight  Wall Street rally, after the market’s two-session rally. By the closing…

Industry Movements

Globe data center bags hyperscaler deal for Fairview facility

MANILA, Philippines — Globe Telecom Inc.’s data center arm, STT GDC Philippines, has bagged a global cloud service provider as the first anchor tenant at…

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