Economy
PSEi retreats to 5,600 on selling pressure, growth concerns
Oct 14, 2026

PSEi retreats to 5,600 on selling pressure, growth concerns

The Philippine stock barometer retreated to the 5,600 level on Wednesday, dragged by selling pressure on heavyweight stocks and concerns over the country"s economic growth outlook....

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Bank of America misses profit estimates on capital market weakness; books US$1.2 billion charge
Oct 14, 2026

Bank of America misses profit estimates on capital market weakness; books US$1.2 billion charge

The fine stems from BofA’s failure to report over US$5 billion in suspicious activity to the US government...

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New DICT chief De Claro meets with department officials
Oct 14, 2026

New DICT chief De Claro meets with department officials

Joseph Montes de Claro visited the Department of Information and Communications Technology (DICT) headquarters in Quezon City on Wednesday after he was appointed as its new secretary....

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Fed Governor Cook’s lawyer denounces Trump’s latest attempt to remove her
Oct 14, 2026

Fed Governor Cook’s lawyer denounces Trump’s latest attempt to remove her

Cook denies mortgage fraud and has sued to keep her job...

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IMF, World Bank launch 'Bangkok Blueprint' to fight cyber fraud
Oct 14, 2026

IMF, World Bank launch 'Bangkok Blueprint' to fight cyber fraud

The International Monetary Fund and World Bank on Wednesday released a framework for tackling cyber-enabled fraud....

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Peso closes near all-time low at P62.87 vs. US dollar
Oct 14, 2026

Peso closes near all-time low at P62.87 vs. US dollar

The Philippine peso weakened for the second straight trading day on Wednesday, closing near its all-time low against the US dollar amid renewed tensions in the Middle East....

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ERC suspends reserve market
Oct 14, 2026

ERC suspends reserve market

The ERC suspended reserve market trading indefinitely, raising uncertainty over power generators' earnings and future reserve pricing....

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IMF outlook points to a shallow, uneven recovery
Oct 14, 2026

IMF outlook points to a shallow, uneven recovery

The IMF sees Philippine growth slowing to 3.4% in 2026, with higher unemployment and inflation risks weighing on the recovery....

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 DBP: COA findings on contractor loans already addressed
Oct 14, 2026

DBP: COA findings on contractor loans already addressed

The Development Bank of the Philippines (DBP) on Wednesday maintained that it had “satisfactorily addressed” audit findings on its contractor lending program, after state auditors flagged P4.09 billio...

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Golden TW to pour in P3-B investments in Boracay's integrated hotel-casino complex
Oct 14, 2026

Golden TW to pour in P3-B investments in Boracay's integrated hotel-casino complex

Developer Golden TW Realty and Development Corp. has committed about P3 billion worth of investments in its integrated casino-resort, KABAN Boracay, and its surrounding shopping complex on the world-f...

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