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Converge transitioning from telco to ‘techco’

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Foreign Exchange Rate
July 24, 2025
usd
1 USD = 56.9270
Currency Peso Equivalent
jpy
JPY
0.3887
gbp
GBP
77.3239
hkd
HKD
7.2531
chf
CHF
71.8775
CAD
CAD
41.8519
SGD
SGD
44.5996
AUD
AUD
37.5434
BHD
BHD
151.0401
Currency Peso Equivalent
SAR
SAR
15.1741
BND
BND
44.4256
IDR
IDR
0.0035
JPY
THB
1.7729
AED
AED
15.4992
EUR
EUR
67.0088
KRW
KRW
0.0414
CNY
CNY
7.9566
Index Report
Market CLOSED: Jul 24, 2025 3:59 PM
Index
Value
Chng%
PSEi
6,444.16
0.28
All Shares
3,808.39
0.03
Financials
2,268.74
0.4
Industrial
9,180.17
0
Holding Firms
5,472.32
0.05
Services
2,238.68
1.13
Mining and Oil
9,518.54
1.36
Property
2,406.75
0.29

Industries

Meralco nears power restoration in flooded areas

MANILA, Philippines– Manila Electric Co.’s (Meralco) electricity services have been restored in most Habagat-hit areas, with the number of affected consumers down to 2,790 as of Wednesday afternoon. In an...

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

Peso weakens further as dollar gains on allayed Fed fears

MANILA, Philippines – The peso sank deeper into the 57:$1 level on Thursday, as the dollar gained strength after US President Donald Trump had said…

Economy

Philippines' budget deficit widened in June

MANILA, Philippines – The government’s budget deficit widened by 16 percent year-on-year in June to P241.6 billion, sending the total fiscal shortfall in the first…

Communications

SEC offers 30% registration discount for public offerings this 2025

MANILA, Philippines — The Securities and Exchange Commission has offered a 30-percent discount to companies that will conduct public offerings this year as it committed…

Industry Movements

Indie game studios battle for piece of Switch 2 success

KYOTO, Japan — Players line up inside Nintendo’s booth at a Japanese game fair to try upcoming Switch 2 titles. But, for once, the company’s chirpy…

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