News
Union Digital Bank, Chubb Philippines partner to bring insurance protection to more Filipinos
10+ hour, 31+ min ago (214+ words) MANILA, Philippines " Millions of Filipinos are at risk of financial vulnerability, largely due to a lack of essential insurance coverage. To address this protection gap and empower underserved Filipinos, Union Digital Bank (UD) and Chubb Philippines today announced a strategic…...
Budget gap widens to P198. 5 billion in May
20+ hour, 46+ min ago (349+ words) MANILA, Philippines " "The government swung back to a budget deficit in May as revenues declined amid the early remittance of dividends by state-owned agencies, while spending increased, the Bureau of the Treasury (BTr) said. Data from the Treasury showed that…...
No Philippines stagflation, high Vietnam industrialization
1+ day, 20+ hour ago (749+ words) MANILA, Philippines " Recently, disinformation like the Philippines is in "stagflation" has been coming out more frequently. I say disinformation because people who use it do not really understand the term, much less can quantify the term. Here I will clarify…...
Daiichi Properties clinches awards for BGC portfolio
1+ week, 2+ day ago (265+ words) MANILA, Philippines " Daiichi Properties sets a new benchmark for sustainable office developments in the Philippines after three of its Bonifacio Global City properties earned Leadership in Energy and Environmental Design (LEED) Operations and Maintenance (O+M) certifications, including the country's first-ever…...
UN agency cites heavy hidden costs of Middle East conflict in Philippines
1+ week, 4+ day ago (601+ words) MANILA, Philippines " The Middle East conflict could set back human development in the Philippines, with poor households facing the heaviest burden from higher fuel, food and fertilizer costs, the United Nations Development Programme warned. In a policy brief released June…...
Your shield against life's biggest health threats: Singlife's 100 in 1 Medical Plan now on AUB apps
1+ week, 4+ day ago (302+ words) MANILA, Philippines " Singlife Philippines and Asia United Bank (AUB) once again joined forces to make financial protection more accessible to Filipinos. Starting today, Singlife's 100-in-1 Medical Plan is available for purchase through AUB's Hello Money and Hello Pag-IBIG mobile applications,…...
Farm trade deficit falls to 5-year low
2+ week, 3+ day ago (338+ words) MANILA, Philippines " The country's agricultural trade deficit narrowed to a five-year low in April amid an increase in exports," the Philippine Statistics Authority (PSA) said. Preliminary data from the PSA showed the agricultural trade gap sharply declined by 34. 7 percent to…...
Inflation likely quickened further in May " analysts
3+ week, 5+ day ago (857+ words) MANILA, Philippines " Inflation likely accelerated further in May and may have hit its fastest pace in more than three years as food, fuel, utility and currency pressures kept consumer prices elevated, according to economists. A poll of 12 economists conducted by…...
Government borrowings fall sharply in April
3+ week, 5+ day ago (237+ words) MANILA, Philippines " The Philippines posted a sharp drop in gross borrowings in April on the back of a 68-percent decrease in domestic financing, according to the Bureau of the Treasury. Latest data from the Treasury showed that gross borrowings fell…...
Philippines vulnerable to China export shock
3+ week, 5+ day ago (541+ words) MANILA, Philippines " The Philippines is among the Asian economies most vulnerable to a new wave of Chinese export competition, as Beijing's rising dominance in key manufacturing sectors threatens lower-value and labor-intensive industries, according to Nomura Global Markets Research. In a…...