Security Bank Corp. expects a slower lending activity this year due to slower corporate borrowing.

Share prices on the Philippine Stock Exchange closed higher on Wednesday, helped by foreign buying in light of President Rodrigo Duterte’s State of the Nation Address.

The Duterte administration intends to appeal a Supreme Court ruling that widened the base of local government units’ share in tax revenue, Budget Secretary Benjamin Diokno said Wednesday.

Philippine shares traded on a high note during the morning session on Wednesday, riding on the upbeat performance overnight of US markets.

WASHINGTON -- American Airlines Group Inc. late on Tuesday confirmed it had changed how its website refers to Taiwan, a move expected to be followed by two other major US carriers by Wednesday in an effort to avoid Chinese penalties.

Senate President Vicente Sotto III admitted Wednesday that majority of senators are not inclined to push for the second package of the Tax Reform Acceleration and Inclusion Law even if it was mentioned by President Rodrigo Duterte during his third State of the Nation Address.  

The S&P 500 on Tuesday closed at its highest level since Feb. 1 as Alphabet's blowout results bolstered expectations of a robust earnings season.

As Donald Trump's tariff salvos threaten global trade wars, leaders from the BRICS bloc - Brazil, Russia, India, China and South Africa - are expected to band together in defense of the multilateralism the United States once championed.

TOKYO -- Asian stocks rode higher on Wednesday thanks to strong US corporate earnings and hopes China will boost fiscal support for its economy, while long-term US yields hovered near six-week highs on speculation the Bank of Japan could be less accommodative.

The Trump administration was set to announce billions of dollars in aid for US farmers on Tuesday to help protect them from the repercussions of trade spats between the United States and China, the European Union and others, a source familiar with the plan told Reuters.

LONDON -- Bitcoin, the world’s best-known cryptocurrency, shot past $8,000 on Tuesday for the first time in two months on signs of growing institutional interest in virtual coins.

BEIJING/SHANGHAI -- Qian Zhiya may be Starbucks’ worst nightmare. The 42-year-old Chinese entrepreneur says she is betting that her fledgling Luckin Coffee brand will eventually have more cafes in China than Starbucks, and she has Singapore’s sovereign wealth fund and other investors bankrolling her plan.

U.S. stock index futures rose on Tuesday and the Nasdaq looked poised to strike a fresh record high after Google's parent Alphabet shattered profit expectations and powered a rally among high-growth technology companies.

Budget carrier Cebu Pacific on Tuesday said it is set to fly directly from Manila to Melbourne in Australia starting next month.

The need to promptly approve the P3.757-trillion national budget for 2019 will be a test for the leadership of new Speaker Gloria Macapagal-Arroyo, presidential spokesman Secretary Harry Roque said on Tuesday.

The change in the leadership in the House of Representatives could be favorable for the passage of the second package of planned tax reforms, Representative Dakila Carlo Cua said Tuesday.

Malacañang on Monday submitted to Congress the proposed P3.757-trillion budget for next year, the same day President Rodrigo Duterte delivered his third State of the Nation Address (SONA).

Global bond markets were under strain on Tuesday amid talk of central bank tightening and the risk of a robust reading on US economic growth later in the week, though stellar results from Alphabet could support tech stocks in Asia.

TOKYO -- The dollar weakened slightly in early trade on Tuesday, as Japanese exporters bought the yen, offsetting earlier greenback gains made after US Treasury yields rose on expectations the Federal Reserve would persist with its rate hikes this year.

U.S. stock indexes dipped on Monday, led by losses in shares of Amazon and technology companies, as investors awaited quarterly reports from a host of marquee names to gauge the impact of an escalating trade conflict between the United States and China.

The benchmark U.S. S&P 500 index and the Nasdaq index rose on Monday as a jump in 10-year bond yields boosted financial sector stocks and investors anticipated continued strength in corporate earnings and U.S. economic growth.

The Republican tax chief in the U.S. House of Representatives said he expected to outline for other Republican lawmakers on Tuesday a new tax package intended to make 2017 tax cuts for individuals and many private businesses permanent.

President Rodrigo Duterte on Monday rejected suggestions to put on hold the Tax Reform for Acceleration and Inclusion law in light of recent upticks in consumer prices.

Lower interconnection charges between telecommunications companies ensure fair competition, especially for the incoming third player, President Rodrigo Duterte said Monday.

The government has identified rice cartels and their protectors who will face the 'full force' of the state should they continue with their ways, President Rodrigo Duterte warned Monday.

Pilipinas Shell Petroleum corporation announced Sunday afternoon that it will slash prices of its fuel products at 6 a.m. on Tuesday, July 24.

Finance ministers and central bankers from the world's largest economies meeting in Argentina said heightened trade and geopolitical tensions pose an increased risk to global growth and have called for greater dialogue, according to a draft communique from the meeting.

In the second year of President Rodrigo Duterte in office, the country's economy went on a rollercoaster ride-- while the economy kept its growth momentum boosted by public sector spending on infrastructure, commodity prices also jacked up affecting poor households.

A big-time rollback in fuel prices is possible this week, a television report said Sunday.

US President Donald Trump is not trying to influence currency markets, Treasury Secretary Steven Mnuchin said on Saturday, reiterating that a strong US dollar reflects a strong US economy and is in the United States' long-term interest.

The International Monetary Fund (IMF) warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm global growth, a day after US President Donald Trump threatened a major escalation in a dispute with China.

President Donald Trump on Friday launched a fresh attack on American trading partners, saying the EU and China were manipulating their currencies, and he threatened to hit all imports from China with high tariffs.

U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft.

Reported violations of the Agriculture Department's suggested retail prices (SRP) for agricultural products and a range of basic commodities could be due to bad weather in the past few days, a Trade official said Saturday.  

Credit-watcher Moody's Investor Services on Friday affirmed the Philippines' investment credit rating and maintained a stable outlook, but flagged the shift to federalism as a potential downside risk to the country's fiscal health.