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New world hotel kick off Lunar New Year
As the Wood Dragon ascends in 2024, New World Makati Hotel invited guests to celebrate Chinese New Year with auspicious menus at their popular Chinese restaurant Jasmine. There was also a feng shui forecast for the year by geomancer Patrick Lim Fernandez of Yin and Yang Shop of Harmony......»»
CebuPac receives 1st plane delivery for 2024
Low-cost carrier Cebu Pacific is kicking off the year with the addition of a new aircraft, the first of 17 deliveries that it expects for this year in line with efforts to expand its fleet......»»
Moody’s: BSP rate cut could start in August
The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s Analytics said......»»
Over 2 mln foreign tourists arrive in Philippines since January
MANILA, April 25 (Xinhua) -- Over 2 million international tourists have visited the Philippines since January this year, the Presidential Communications Office (PCO) said Thursday. Citing data from the Department of Tourism (DOT), the PCO said that 2,010,522 international visitors entered the Southeast Asian country from Jan. 1 to April 24. The data showed that tourism receipts reached 157.62 billion peso.....»»
NPA rebel with P1.2 million bounty falls
A medical staff of the New People’s Army with a P1.2-million bounty on his head was arrested in Sarangani on Monday......»»
Filipino Tekken standout falls in World Tour Finals
Filipino Tekken star Alexandre "AK" Laverez stumbled in his last hurdle to the Tekken World Tour Finals 2023, falling to the United States' Joe "JoeCrush" Olveda, 1-3, at The Civic Theatre in New Orleans last January 12 (January 13 in Manila) during the tour's Last Chance Qualifiers......»»
12 people drown in Philippines during past week break
MANILA, April 1 (Xinhua) -- At least 12 people, including a three-year-old boy, have drowned in the Calabarzon region during the past holy week break starting March 28, local police said on Monday. The victims died in separate incidents in the region, which is located in southeast of Manila and comprises five provinces. Filipinos observe the holy week that falls during summer by heading to the beach or ri.....»»
Suspect in shooting falls
olice have apprehended one of the three suspects in the killing of a 47-year-old man during a shooting in Quezon City yesterday......»»
‘Si Lord muna’: Couples dedicate Heart s Day to church amid 2024’s ‘Barbenheimer’
This year's Valentine's Day, dubbed by some as 2024's "Barbenheimer," falls on Ash Wednesday, a significant day for Catholics that marks the start of the Lenten season, prompting many to abstain from everyday indulgences......»»
Heartbreaker: 30-year pro Somaa crushes Strong Group title push off buzzer-beater 3
Strong Group-Philippines painfully falls short of its championship bid in Dubai as Al Riyadi-Lebanon sinks a game-winning three right at the buzzer.....»»
Leader of gunrunning reservists, ex-soldiers falls
A 51-year-old man suspected of leading a gunrunning syndicate composed of reservists and former soldiers was arrested in Muntinlupa on Tuesday......»»
Fuel prices seen to increase next week
Pump prices of fuel products are set to increase again next week due to the weaker peso and production cuts in the global oil market, according to the forecast of the Department of Energy (DOE)......»»
Stocks end with second straight loss
The stock market closed lower for a second day as investors remained cautious due to the weakening of the peso......»»
Peso Weakens to P58.27 Against US Dollar, Weakest Since November 2022
The peso continued to weaken to PHP58.27 against the US Dollar last Tuesday, May 22, 2024 — the lowest since November 2022. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said in a statement that the depreciation is in line with other currencies in the region, mainly due to the strengthening of the US […].....»»
Peso slide pulls down market
The peso’s slide pulled down share prices yesterday following a strong opening at the start of the week......»»
Analysts mixed on timing of BSP rate cut
Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso......»»
Bank of Commerce raises P6.57 billion from bond offering
San Miguel-led Bank of Commerce has raised P6.57 billion in its second foray into the domestic debt market, as institutional and retail investors swarmed its peso bond offering......»»
PH Inflation Expected to Range Between 3.5% to 4.3% in April: BSP
Bangko Sentral ng Pilipinas (BSP) announced on Tuesday that the inflation rate could be at 3.5% to 4.3%. BSP said in a Facebook post that this upward trend is caused by the increasing prices of essential goods and gasoline prices, as well as the depreciation of the peso. “The BSP projects April 2024 inflation to […].....»»
BSP’s ample dollar reserves to keep peso at bay – Nomura
The Bangko Sentral ng Pilipinas is one of the central banks in the region that has enough dollar buffers to defend its currency against the greenback, according to Japanese investment bank Nomura......»»
Fuel price rollback expected this week
MANILA, Philippines — Good news awaits motorists following successive price increases in gasoline as oil companies are tipped to slash local fuel prices by less than a peso this coming week, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel should go down by 30 centavos to 40.....»»