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PCCI lauds PH-UAE economic agreement
The Comprehensive Economic Partnership Agreement (CEPA) between the Philippines and the United Arab Emirates (UAE) is seen as a key driver of long-term economic resilience for the Philippines. The CEPA was signed Tuesday on the sidelines of the Abu Dhabi…
Tech giant Ericsson to reduce staff by 1,600
Tech giant Ericsson of Sweden announced on Thursday proposed staff reductions in its home country as part of measures aimed at ensuring its competitiveness. The proposed staff reduction is part…
Global electric vehicle sales hit record in 2025
Global electric vehicle (EV) sales reached a record 20.7 million units last year, up 20 percent, according to London-based research firm Benchmark. China led sales with 12.9 million units, up…
Department of Energy terminates 163 renewable energy contracts
The Department of Energy (DOE) has terminated 163 renewable energy (RE) service contracts between 2024 and 2025 after developers failed to meet their obligations. In a press briefing Tuesday, DOE…
Bank lending expands in October with resilient credit demand
Bank lending continued to expand in October, underscoring resilient credit demand even as borrowing costs remained elevated, data from the Bangko Sentral ng Pilipinas (BSP) showed. Loans extended by universal…
EDITOR’S CHOICE
| Currency | Price | Previous Close | Changes |
|---|---|---|---|
 UAE Dirham | 0.0634 | 0.0635 | -0.1% |
 Australian Dollar | $0.0244 | 0.0244 | -0.07% |
 Canadian Dollar | $0.0235 | 0.0235 | -0.06% |
 Renminbi | ¥0.1193 | 0.1194 | -0.1% |
 Euro | €0.0146 | 0.0146 | -0.03% |
 British Pound | £0.0127 | 0.0127 | -0.06% |
 Hong Kong Dollar | $0.135 | 0.1351 | -0.09% |
 Japanese Yen | ¥2.6376 | 2.6392 | -0.06% |
 South Korean Won | ₩24.8907 | 24.9112 | -0.08% |
 Saudi Riyal | ﷼0.0648 | 0.0648 | -0.1% |
 Singapore Dollar | $0.0218 | 0.0218 | -0.11% |
 US Dollar | $0.0173 | 0.0173 | -0.1% |
 Philippine Peso | |||
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