Hong Kong is seeking closer economic and cultural engagement with the Philippines as both economies navigate a rapidly changing global landscape. At a Chinese New Year gathering in Taguig City, a Hong Kong official highlighted…
Insurance sector posts strong growth in 2024
The Philippine insurance industry reported robust performance in 2024, with double-digit growth across key metrics, according to year-end data from the Department of Finance (DOF). Benefit payouts rose 18.97% to P160.33 billion ($2.86 billion), driven…
Phl construction permits drop 14.6%, values jump 26%
The Philippine construction industry presented contrasting trends at the start of the year, with a significant drop in building permits but strong growth in construction value and floor area, according to preliminary data released by…
Hong Kong fintech, logistics event in Manila highlights…
The Hong Kong Economic and Trade Office in Jakarta (HKETO Jakarta) hosted a business seminar and luncheon in Manila on February 14, spotlighting the role of fintech and logistics in strengthening economic ties between Hong…
PSEi starts 2025 on positive note, gains 0.33%
The Philippine Stock Exchange index (PSEi) opened the year on a positive trajectory, closing at 6,550.39 on Tuesday, up 21.60 points or 0.33%. Market activity saw mixed movements as advances (94) narrowly trailed declines (97),…
PSE boosts PDS stake to 82.9% for P2.32-B
The Philippine Stock Exchange Inc. (PSE) is strengthening its foothold in the country’s fixed-income market with a deal to acquire a majority stake in the Philippine Dealing System Holdings Corporation (PDS). In a statement, the…
Phl peso among world’s most counterfeited currencies, study…
Counterfeiting remains a significant concern in the country, with the Philippine peso ranking as the sixth most counterfeited currency worldwide. A study by BestBrokers, a market information provider, found that over 59,000 fake Philippine peso…
Bargain hunting halts PSEi slide; weekly losses persist
The Philippine Stock Exchange index (PSEi) broke its seven-day losing streak on Friday, edging up 0.17% or 10.78 points to close at 6,406.38 as investors hunted for bargains. Despite the modest recovery, the benchmark PSEi…
BSP unveils stronger, smarter polymer bills
The Bangko Sentral ng Pilipinas (BSP) is rolling out the First Philippine Polymer Banknote Series, introducing new P50, P100, P500, and P1,000 bills starting January 2025. These polymer notes, which already include the P1,000 bill…