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SEC sanctions 3 more erring lending firms

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Tech-savvy small banks to soon need more capital

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Foreign Exchange Rate
July 29, 2025
usd
1 USD = 57.1100
Currency Peso Equivalent
jpy
JPY
0.3845
gbp
GBP
76.3218
hkd
HKD
7.2760
chf
CHF
71.1208
CAD
CAD
41.5769
SGD
SGD
44.4124
AUD
AUD
37.2471
BHD
BHD
151.5256
Currency Peso Equivalent
SAR
SAR
15.2261
BND
BND
44.2404
IDR
IDR
0.0035
JPY
THB
1.7659
AED
AED
15.5490
EUR
EUR
66.1962
KRW
KRW
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CNY
CNY
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Index Report
Market CLOSED: Jul 29, 2025 3:59 PM
Index
Value
Chng%
PSEi
6,325.42
0.85
All Shares
3,780.08
0.35
Financials
2,236.31
0.07
Industrial
9,096.97
0.01
Holding Firms
5,403.78
0.7
Services
2,224.39
2.02
Mining and Oil
9,093.87
1.72
Property
2,359.42
0.04

Industries

Apex posted net loss of P653M in H1

MANILA, Philippines – The Razon Group’s Apex Mining Co. Inc. reported a net loss of P653 million in the first semester of 2025, a reversal from a net income of...

Finance

50.4% of Filipinos benefit from financial inclusion

MANILA, Philippines — The proportion of Filipinos with financial accounts slightly fell in 2024 compared with three years ago, the World Bank (WB) Group reported, highlighting the challenges of onboarding...

Consumer & Retail

PH gaming revenues reach P215B in H1

PH gaming revenues reach P215B in H1

The Philippine gambling industry saw its revenues soar by 25.7 percent year-on-year in the first half, the Philippine Amusement and Gaming Corp. (Pagcor) reported on…

Columns

Tourism & Transportation

Uber invests $300M in Lucid Motors in robotaxi push

NEW YORK, United States — Ride-hailing giant Uber announced Thursday it will acquire $300 million worth of shares in US electric vehicle maker Lucid Motors. This…

Foreign News

Seeing the bright side of 19% tariff on PH exports to US

MANILA, Philippines — The newly negotiated 19-percent tariff on Philippine exports to the United States is seen to enhance the country’s position as an investment…

Economy

Dollar rises on EU-US trade deal but European stocks turn sour

NEW YORK, United States – The dollar jumped Monday on the back of a US-EU trade deal, but the main European stock markets fell, reflecting…

Communications

‘Disappointed’ traders drag down PSEi post-Sona

MANILA, Philippines – Traders disappointed with the omission of several key issues in President Marcos’ fourth State of the Nation Address (Sona) took a toll…

Industry Movements

1.5 million more bank accounts now insured, says PDIC

MANILA, Philippines — There are now 147 million bank deposit accounts that are fully insured after the maximum deposit insurance coverage (MDIC) was raised to…

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