The Philippine peso continued to soften against the US dollar for the second consecutive trading day on Wednesday, due to the strong demand for the greenback.  

The administration’s economic managers may ask President Duterte to lower the internal revenue allotment in case the Supreme Court affirms its decision on widening the base of local government units’ share in tax revenues.

The Commission on Audit has flagged the Nayong Pilipino Foundation (NFP) for failing to submit proof that it conducted an independent appraisal of the 9.57-hectare property it allowed a Hong Kong-based company to lease.

A Makati court has allowed Philippine Telegraph & Telephone Corp. to leave a court-assisted corporate rehabilitation seven years earlier than the scheduled 2025 deadline.

The Philippine economy grew by 6.6 percent in the first quarter of 2018, the Philippine Statistics Authority (PSA) said Wednesday, citing revised estimates in the national income accounts.

Malacañang has tasked the Department of Justice to review the controversial lease deal entered into by the dismissed officials of the Nayong Pilipino Foundation (NPF) with a foreign company, presidential spokesperson Harry Roque said Wednesday.  

The United States will begin collecting tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 import product lines.

The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the U.S. economy's strength.

Hong Kong-based Landing International Development Ltd. clarified on Tuesday that its integrated casino-resort in Parañaque City will push through as planned even after President Duterte earned the ire of landlord Nayong Filipino Foundation, a government-owned and controlled corporation.

The July inflation data will be one of the key factors to determine how aggressive the Bangko Sentral ng Pilipinas will be in the anticipated policy-tightening this week.

The benchmark S&P 500 was within striking distance of a record high on Tuesday, powered by gains in technology stocks, and a strong second-quarter earnings season fueled optimism about the strength in the U.S. economy.

Hong Kong-based Landing International Development Ltd. expects to attract up to 3 million foreign tourists to the Philippine via its $1.5-billion integrated resort-casino in Parañaque City.

Reports quoting Hong Kong tabloids that businessman Kazuo Okada was arrested in the autonomous territory of southeastern China is simply not true, a lawyer said Tuesday.

The Bangko Sentral ng Pilipinas is expected to raise interest rates by another 50 basis points this week as inflation in July spiked beyond expectations, economists said Tuesday.

Consumer prices in the Philippines grew by 5.7 percent in July, the fastest rate in at least five years, the Philippine Statistics Authority revealed Tuesday.

Asian stocks were largely steady on Tuesday, with worries over the US-China trade conflict offsetting support from earnings-led gains on Wall Street.

Saudi state airline Saudia said in a post on its official Twitter account that it was suspending flights to and from Toronto, the latest in a series of measures the kingdom announced on Monday in its diplomatic row with Canada.

US stock indexes were little changed on Monday as investors weighed an escalating trade dispute between the United States and China, and a mixed bag of corporate results.

Jonathan Dee, former president of tuna cannery Alliance Select Foods International Inc., said on Monday that he is confident of a favorable ruling despite a court order to have him and four other company officials arrested for violating the Corporation Code.

Philippine share prices retreated slightly on Monday, ahead of key economic data to be released this week.

The Philippine peso opened the week on a stronger note against the US dollar, as market players widely expected the Bangko Sentral ng Pilipinas (BSP) to raise interest rates this week.

Singapore’s Carousell has partnered with Philippines’ e-commerce logistics firm, Xend, in what the companies say is “a strategic bid to accelerate Philippine social commerce growth in a thriving ecosystem.”

The Department of Budget and Management has approved the creation of over 1,000 positions for special education teachers.

The Court of Appeals has affirmed the fact that the Securities and Exchange Commission is upholding constitutional mandate as regulatory body by dismissing a petition for review by Rappler Inc. and Rappler Holdings Inc., the commission said on Monday.

Japanese billionaire and gaming magnate Kazuo Okada was arrested in Hong Kong last week over supposed conspiracy to defraud Okada Holdings, according to reports on Chinese media.

The Bangko Sentral ng Pilipinas (BSP) on Sunday warned the public against using their automated teller machine (ATM) cards as collateral in entering loan arrangements.

Customers of Petro Gazz will be greeted by cheaper pump prices of petroleum products this week, with a rollback scheduled on Monday.

China's state media said on Saturday the government's retaliatory tariffs on $60 billion of US goods showed rational restraint and they accused the United States of blackmail.

After the big-time price hike last week, oil companies are expected to rollback their prices this coming week.

Asian countries have voiced concern about the potentially devastating impact of a US-China trade war, with ministers calling for the acceleration of talks for a gigantic Beijing-backed free-trade deal that excludes the United States.

Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy.

President Rodrigo Duterte on Friday resurrected his threat to make the Prieto family, the owners of the Philippine Daily Inquirer, liable for plunder.

A few days before the official announcement of the July inflation rate, members of the government's economic team are already expecting a decline from the previous month's tally of of 5.2 percent.

US stocks advanced on Friday as upbeat earnings helped investors shrug off heightened trade anxieties and weaker-than-expected July jobs growth.

Philippine share prices bounced back on Friday, ahead of the release of the country's second quarter economic performance next week.