Not a few tears were shed during the touching retirement ceremony in honor of Rene Almendras, who is stepping down as senior managing director and group head of public affairs of Ayala Corp. Almendras joined the Ayala Group in January 2001 when he was appointed chief executive officer of Cebu Holdings Inc. and Cebu Property

The Marcos administration plans to borrow P629 billion from local creditors in the first quarter of 2025 to bridge its budget deficit, the Bureau of the Treasury (BTr) said. Figures showed the amount was more than double the P310 billion domestic financing plan set by the government in the final quarter of 2024. Dissecting the

The Philippine peso may hit the 60:$1 level next year as the king dollar’s supremacy would likely continue, although its pass-through effect would unlikely result in another breach of the Bangko Sentral ng Pilipinas’ (BSP) inflation target, Bank of America (BofA) said. Vincent Valdepeñas, country manager for the Philippines at BofA, said the greenback was

New York, United States — European stocks bounced around Monday while US equities shook off early weakness to push higher as investors waited to see if a so-called Santa Claus rally sweeps over the market. Global stock markets had a tumultuous time last week, spiraling lower after the US Federal Reserve signaled fewer interest rate

Sarajevo, Bosnia And Herzegovina — Tens of thousands of homes in Bosnia and Herzegovina were left without electricity on Monday, particularly in the northern part of the Balkan country, after it was hit by heavy snow and strong winds, the local electricity provider announced. “At the moment, around 60,000 customers are without electricity,” Elektroprivreda BiH,