Top News
SEC pulls plug on non-compliant state-funded lender
The Securities and Exchange Commission (SEC) has revoked the primary registration and certificate of authority of the People’s Credit and Finance Corp. (PCFC), formally stripping the state-linked financier of its license to operate as a financing company.
Wait there’s more! PSA says 25M Filipinos functionally illiterate
Despite widespread access to basic education, nearly 25 million Filipinos—or about one in every five people aged 10 to 64 years old—are still “not functionally literate,” according to the Philippine Statistics Authority (PSA).
Widening BOP deficit flagged as key risk to external stability
The Bangko Sentral ng Pilipinas (BSP) on Monday reported that the country’s external position, represented by the balance of payments (BOP), posted a deficit of USD2.6 billion in April 2025, sharply wider than the USD639 million shortfall recorded in the same month last year.
Moody’s strips U.S. of AAA Rating, citing debt surge
Moody’s Investors Service has downgraded the United States’ sovereign credit rating one notch from Aaa to Aa1, citing growing concerns over the country’s fiscal outlook, including surging debt levels and rising interest obligations.
DA enjoins NFA to ensure rice quality for P20 program
Agriculture Secretary Francisco P. Tiu Laurel Jr. recently met with regional managers and key officials of the National Food Authority (NFA) to ensure the rice sold under President Ferdinand Marcos Jr.’s P20-per-kilo rice program meets high quality standards.
