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Sullen consumers prevail over cheery patrons in latest BSP survey

Consumer confidence remained pessimistic under latest survey conducted by the Bangko Sentral ng Pilipinas (BSP) in the second quarter (2Q) this year, with the...

BSP holds policy rate steady a second time

The policy-making Monetary Board on Thursday held the rate at which it borrows from banks steady at 6.25 percent, the second such pause in...

Consortium proposes unsolicited P267-billion redevelopment of NAIA

The Manila International Airport Consortium on Monday unveiled the P267-billion masterplan for the redevelopment of the Ninoy Aquino International Airport, an unsolicited proposal that...

Banks rated most expensive channel for remitting overseas earnings – World Bank

Banks are the most expensive channels of remitting one’s overseas income and typically charge 11.8 percent for sending $200 to families back home, far...

Investment in infra development to boost tourism

Investment in infrastructure development is crucial in further developing the tourist destinations as tourism bounces back from the pandemic and aims to increase its...

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Discovery Capital secures loan to widen reach, boost financial inclusion

Discovery Capital Finance Corp. has secured a credit facility with Union Bank of the Philippines, part of the Aboitiz group, to speed up its expansion across the country.

EastWest Bank expands priority banking for affluent clients amid strong growth

East West Banking Corp. is set to grow its priority banking network and services, following a 40 percent rise in assets under management to P120 billion last year. CEO Jerry G. Ngo announced the bank will increase priority banking branches nationwide from 13 to 20 in the coming years.

Silent senators forfeit democracy’s mantle

The Senate has been regarded as the last bastion of democratic dissent—a chamber where statesmen stood their ground, challenged power, and refused to let their voices be drowned out by political pressure or executive overreach. It was where difficult questions were asked, unpopular truths were spoken, and silence was treated not as a virtue but as a surrender.

Minority senators seek Cayetano exit over Senate shutdown

The Senate minority bloc on Tuesday called on Senate President Alan Peter Cayetano to resign, him of abandoning his responsibilities, neglecting his duties, and disregarding Senate rules by halting the chamber’s proceedings. In a sharply worded statement, minority senators argued that the Senate “cannot be made to stop working because its presiding officer refuses to lead,” stressing that legislative work must continue regardless of political disputes. The bloc also maintained that Senate rules require the Senate President to consult both majority and minority leaders before postponing a session, alleging that such consultation did not take place.

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