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Metrobank, Toyota lift GT Capital earnings

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DITO widens losses to P41B in 2024

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Foreign Exchange Rate
May 16, 2025
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1 USD = 55.7770
Currency Peso Equivalent
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0.3832
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74.2225
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7.1451
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66.6870
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39.9692
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42.9947
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AUD
35.7196
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Currency Peso Equivalent
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14.8711
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42.8296
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0.0034
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Index Report
Market CLOSED: May 16, 2025 3:58 PM
Index
Value
Chng%
PSEi
6,465.53
0.02
All Shares
3,769.37
0.03
Financials
2,419.29
0.09
Industrial
9,172.23
0.09
Holding Firms
5,415.99
1.14
Services
2,130.89
0.01
Mining and Oil
9,080.08
1.98
Property
2,311.53
1.73

Industries

Power transmission rates fall by 28.4%; monthly bills ease

MANILA, Philippines — Consumers will see lower transmission charges in their May power bills. This, as the National Grid Corp. of the Philippines (NGCP) announced a 28.45-percent drop in transmission...

Finance

Deanno Basas appointed as president of UBIMTC

MANILA, Philippines — Deanno J. Basas was appointed as president of UnionBank Investment Management and Trust Corp. (UBIMTC), UnionBank’s wholly owned subsidiary for investment management and trust services. The UBIMTC...

Consumer & Retail

Walmart is the latest US retailer to announce price hikes

NEW YORK — Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge.…

Columns

Tourism & Transportation

DOTr ends contract with builder of MRT’s Unified Grand Central Station

MANILA, Philippines — The Department of Transportation (DOTr) formally issued the notice of termination of the contract with a group tapped to build the Unified…

Foreign News

Overseas Filipinos' March remittance growth slowest in 9 months

MANILA, Philippines — Money sent home by Filipinos abroad posted the softest growth in nine months in March, after a seasonal slowdown in such inflows…

Economy

Global anxiety dampens Philippine prospects for 2025

MANILA, Philippines — The Marcos administration could temper its macroeconomic goal this year to account for the impact of global trade uncertainties in the near-term.…

Communications

PSEi falls below 6,500 sans fresh catalyst

MANILA, Philippines — The local stock barometer tumbled below the 6,500 level on Thursday as investors again opted to book gains while waiting for catalysts.…

Industry Movements

Deanno Basas appointed as president of UBIMTC

MANILA, Philippines — Deanno J. Basas was appointed as president of UnionBank Investment Management and Trust Corp. (UBIMTC), UnionBank’s wholly owned subsidiary for investment management…

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