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Creative economy

Global cinema attendance drops in 2024

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Foreign Exchange Rate
May 16, 2025
usd
1 USD = 55.7770
Currency Peso Equivalent
jpy
JPY
0.3832
gbp
GBP
74.2225
hkd
HKD
7.1451
chf
CHF
66.6870
CAD
CAD
39.9692
SGD
SGD
42.9947
AUD
AUD
35.7196
BHD
BHD
148.0085
Currency Peso Equivalent
SAR
SAR
14.8711
BND
BND
42.8296
IDR
IDR
0.0034
JPY
THB
1.6803
AED
AED
15.1861
EUR
EUR
62.4200
KRW
KRW
0.0399
CNY
CNY
7.7396
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

After Mindoro ruling, Palawan urged to lift 50-year ban on new mines

MANILA, Philippines — The Chamber of Mines of the Philippines (COMP) is hopeful the Supreme Court ruling that lifted large-scale mining ban in Occidental Mindoro will pave the way for...

Finance

PSEi dips slightly, in search of spark

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) was listless on Friday as investors struggled to find a catalyst amid global trade tensions. By the session’s end, the benchmark...

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

US-China truce yet to soothe trade jitters

MANILA, Philippines — The US-China tariff truce does not signal global trade normalization unless both sides seal a “lasting” deal, according to global credit watchdog…

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

US Federal Reserve eyes workforce cut of 10% in next 'couple of years'

WASHINGTON, United States — US Federal Reserve Chair Jerome Powell told staff on Friday that the bank plans to cut its workforce by around 10 percent…

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