The Philippines' gross international reserves (GIR) stood at USD106.2 billion as at end-March this year, a slight decrease from the February 2025 level of USD107.4 billion, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Chelsea Logistics and Infrastructure Holdings Corp., the shipping and logistics company of Davao-based businessman Dennis Uy, posted a net profit of P177 million, a...
The Philippines' agricultural sector saw a rise in export revenue in February 2025, totaling USD691.92 million—up 21 percent from the previous year's USD572.32 million.
Cope Thunder PH 25-1, a joint exercise between the Philippine Air Force and the US Pacific Air Force, began on Monday, April 7, in Clark, once the largest Air Force base outside the US mainland. Scheduled to run through April 18, the exercises will take place at key training locations in Northern Luzon. The US will deploy 729 personnel and various aircraft, including FA-50PH, A-29B Super Tucano, and S70i Blackhawk helicopters, while the Philippines will send 250 personnel and 12 F-16 fighter jets. Observers from Australia, Japan, Indonesia, and Malaysia will also participate. The exercises aim to enhance joint operational readiness and underscore the strengthening defense ties between the two allies amidst China’s growing military presence in the region.
The impressive run of Alex Eala at the Prudential Hong Kong Open ended with a painful thud on Sunday, as a troublesome right leg proved a bigger opponent than she could handle in the championship match.
Filipino households and businesses can look forward to significant relief at the pumps this week, with a major downward adjustment in fuel costs forecast following five consecutive weeks of mixed price trends.
Chemical maker D and L Industries Inc. is more hopeful about next year following the US midterm elections, which have raised hopes for an end to the Iran conflict, lower oil prices and a stronger peso. President Alvin Lao cited these as clear positives, though he warned that damaged supply chains, a severe El Niño and domestic political tensions remain key concerns.
AyalaLand Logistics Holdings Corp. (ALLHC) sharply improved its earnings in the third quarter, with net income of P62 million helping narrow its nine-month profit decline to 9 percent as industrial lot sales gained traction and cold storage operations expanded.