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Tonik’s Trailblazing Rise: How A Philippine Neobank Is Redefining Digital Banking
Tonik, the Philippines' pioneering neobank, is rapidly rewriting the rulebook for digital banking in Southeast Asia.

By The Financial District
May 92 min read


MPIC Posts Strong Q1 Gains On The Back Of Core Infrastructure Strength
Metro Pacific Investments Corporation (MPIC) marked a robust start to 2025, posting a 17% year-on-year increase in Consolidated Core Net Income to ₱6.6 billion in the first quarter, up from ₱5.6 billion in the same period last year.

By The Financial District
May 92 min read


United Cancels Newark Flights After DOGE Firing Of Air Traffic Controllers
United Airlines has canceled 35 daily roundtrip flights to and from Newark Liberty International Airport due to a severe shortage of air traffic controllers.

By The Financial District
May 81 min read


PSE Index Drops As Broad Sell-Off Hits All Sectors
The Philippine Stock Exchange (PSE) index fell sharply Thursday, closing at 6,389.49—its lowest point of the session—with a decline of 75.96 points or 1.17 percent.

By The Financial District
May 82 min read


Trump Orders Cuts To Small Federal Funding For NPR, PBS
President Donald Trump signed an executive order ending taxpayer subsidies for National Public Radio (NPR) and the Public Broadcasting Service (PBS).

By The Financial District
May 81 min read


China’s Sell-Off Of U.S. Treasurys Could Hit Homeowners Hard
A potential Chinese sell-off of U.S. Treasurys could ripple through the housing market and push mortgage rates higher.

By The Financial District
May 81 min read


OpenAI Walks Back Business Restructuring Plans
OpenAI has scrapped its controversial plan to restructure into a conventional corporate entity, opting instead to remain under nonprofit control.

By The Financial District
May 81 min read


Why The World’s Wealthiest Are Quietly Betting Big On The Philippines
As global economic tides shift and traditional investment safe havens lose some of their luster, the Philippines is emerging—quietly yet confidently—as a top magnet for the world’s wealthiest investors.

By The Financial District
May 83 min read


Powering The Future: Why President Marcos Jr.’s Renewal Of Meralco’s Franchise Secures More Than Just Electricity
In a move that illuminates the Philippines’ path toward long-term energy security and industrial competitiveness, President Ferdinand R. Marcos Jr. has signed into law the bill extending the franchise of the Manila Electric Company (Meralco) for another 25 years.

By The Financial District
May 83 min read


PH Gaming Industry Hits ₱104.12-B In Q1 GGR, E-Games Surpass Casinos
The Philippine gaming industry recorded ₱104.12 billion in Gross Gaming Revenues (GGR) for the first quarter of 2025, marking a 27.44% year-on-year increase and a strong start to the year.

By The Financial District
May 81 min read


PSE Index Climbs On Strong Foreign Buying, Hits Intraday High
The Philippine Stock Exchange (PSE) index rose for a second straight session on Tuesday, closing at 6,465.45—up by 46.76 points or 0.73 percent.

By The Financial District
May 72 min read


Asian Currencies Surge In "Crisis-In-Reverse" Dollar Retreat
A dramatic surge in Asian currencies is shaking global markets as investors pull back from U.S. assets.

By The Financial District
May 71 min read


Trump’s Global Ambitions Stir Alarm: CNN Warns Of "Chaotic" World Order
President Donald Trump’s claim that he now runs “the country and the world” has sparked alarm among analysts.

By The Financial District
May 71 min read


Japan’s U.S. Treasury Holdings "A Card" In Tariff Talks With Trump
Japan’s vast holdings of U.S. Treasurys could become a strategic bargaining chip in its trade talks with the Trump administration.

By The Financial District
May 71 min read


Mattel To Raise U.S. Prices As Tariffs Hit Toy Industry
Mattel, the maker of Barbie, said Monday it would raise prices on some of its U.S. products and withdrew its full-year financial forecast due to escalating tariffs.

By The Financial District
May 71 min read


Microsoft Permanently Shuts Down Skype
Skype, once the go-to platform for online video calls, has officially shut down after 22 years.

By The Financial District
May 71 min read


Trump And Carney Clash In Oval Office Over Tariffs
President Donald Trump and Canadian Prime Minister Mark Carney clashed in the Oval Office without reaching any breakthrough in their trade standoff.

By The Financial District
May 71 min read


Merz Becomes German Chancellor After Second-Round Vote
Friedrich Merz was elected Germany’s new chancellor after a dramatic second round of voting, narrowly overcoming a first-round defeat that rattled investors and raised questions about his coalition’s unity.

By The Financial District
May 71 min read


Apple To Source Billions In Chips From The U.S.
Apple plans to source more than $19 billion worth of chips from the United States this year, reflecting a broader shift in its global supply chain strategy to reduce dependence on China and increase iPhone production in India.

By The Financial District
May 71 min read


China Says "Door Is Open" To Trade Talks With The U.S.
China has stated that it is evaluating approaches from U.S. officials to begin negotiations over tariffs, raising hopes that formal trade talks could soon be underway.

By The Financial District
May 71 min read


CIA to Slash Over 1,000 Jobs Amid Intelligence Challenges
The CIA plans to eliminate more than 1,000 positions over the next several years via attrition.

By The Financial District
May 71 min read


Trump Uncertain If He Supports Due Process
President Donald Trump expressed uncertainty about his duty to uphold due process rights guaranteed by the U.S. Constitution.

By The Financial District
May 72 min read


Russia Has Strength To Defeat Ukraine, Putin Brags
President Vladimir Putin said in remarks published recently that Russia has sufficient strength and resources to take the war in Ukraine to its "logical conclusion.

By The Financial District
May 71 min read


Shell Studying Merits Of BP Buyout, Bloomberg News Reports
Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, though it is waiting for further declines in stock and oil prices before deciding whether to pursue a bid.

By The Financial District
May 71 min read
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