Various groups on Sunday appealed for government to put in place a long-term solution instead of price ceilings on rice, saying such structures do more harm than good to consumers and farmers alike.
Appointed to a fresh six-year term are Romeo L Bernardo, former undersecretary at the Department of Finance, and Rosalia V. De Leon, who is a third term Treasurer of the Philippines.
Some of the more fraudulent among Filipinos have taken advantage of the BBM brand of governance and seek to profit from it in the guise of charitable work ostensibly to uplift the lives of its members.
President Ferdinand Marcos Jr. has set price ceilings on rice to counter alleged price manipulation that has driven higher the cost of the country’s staple food, his office said Friday.
The Bangko Sentral ng Pilipinas on Thursday projected higher inflation in August, noting increases in the price of rice and other agricultural products as well as fuel, higher transport cost, and the weaker peso during the month.
Union Bank of the Philippines, the country’s 9th largest lender by assets, reported a sharp rebound in earnings for the first quarter, with net income more than doubling to P3.8 billion as core lending and digital-driven revenues offset market volatility.
Globe Telecom Inc., the financial technology and communications arm of the Ayala Group, has completed the settlement of its tender offer for outstanding USD600 million 4.2 percent senior perpetual capital securities, marking a significant step in active balance sheet management.
The Philippine National Bank (PNB) reported a net income of ₱6.37 billion in the first quarter of 2026, up 5 percent from a year ago, driven by steady growth in its core businesses.
Manila is set to host a milestone for regional economic cooperation as the fourth Steering Committee Meeting of the Luzon Economic Corridor convenes in May 2026, gathering senior officials from the Philippines, the US, and Japan to accelerate implementation of the flagship initiative.