PNP Anti-Kidnapping head relieved
Philippine National Police Chief Rommel Marbil has ordered the relief of Anti-Kidnapping Group head Director General Elmer Ragay after the reported death of a Chinese businessman and his driver who were reportedly victims of abduction—one of several kidnapping cases that Filipino-Chinese business community had reported to have happened in recent months. PNP spokeswoman Brig. General Jean Fajardo told reporters that the PNP chief wasn’t satisfied with Ragay’s performance and named Col. David Poklay, a former deputy director of the PNP Criminal Investigation and Detection Group, as replacement.
BSP cuts key rate to 5.5% amid slowing inflation
The Bangko Sentral ng Pilipinas (BSP) reduced its benchmark interest rate by 25 basis points to 5.5 percent at its rate-setting meeting Tuesday, citing easing inflation and the need to support domestic consumption and credit growth amid global headwinds.
Top voter priorities remain economic – SWS survey
As the May 2025 elections draw near, a new Social Weather Stations (SWS) survey reveals that Filipinos continue to prioritize economic and social welfare issues in choosing their candidates—emphasizing the critical role of voter discernment in safeguarding democratic rights.
Globe expands eco-friendly SIMs to millions, boosting climate action
In a significant step toward environmental sustainability, telecom giant Globe is rolling out eco-friendly SIM cards to its Globe Prepaid and TM customers—who make up over 96 percent of its mobile user base.
Puregold posts 21% growth in net profit; declares P5.2B dividend
Puregold Price Club Inc., a listed operator of various retail and wholesale formats, reported a 21 percent increase in consolidated net income to P10.4 billion in 2024, up from P8.6 billion in 2023, driven by strong revenue growth and improved gross margins at its S&R Warehouse business.
