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Metrobank Posts PHP12.3-B Q1 Income
Metropolitan Bank & Trust Co. (Metrobank) reported a net income of PHP12.3 billion for the first quarter of 2025, driven by robust loan growth, strong fee and trading income, and a moderate increase in operating costs.

By The Financial District
May 22 min read


Chairman Wants Buyout Of Toyota Industries To Consolidate Control Of Empire
Toyota Chairman Akio Toyoda has reportedly proposed a buyout of Toyota Industries, aiming to consolidate his control over Japan’s largest business empire amid a broader wave of mergers and acquisitions.

By The Financial District
May 11 min read


PAGCOR Q1 Revenues Hit PHP28-B; Net Income Up 23% To PHP4.2-B
The Philippine Amusement and Gaming Corporation (PAGCOR) sustained its strong financial performance in the first quarter of 2025, posting revenues of PHP28.07 billion.

By The Financial District
May 12 min read


From NEDA To DEPDev: Strengthening PH Economic Governance
The Philippines has ushered in a new chapter in development planning with the transformation of the National Economic and Development Authority (NEDA) into the Department of Economy, Planning, and Development (DEPDev).

By The Financial District
May 13 min read


Huawei Develops New AI Chip To Compete With Nvidia
China’s Huawei Technologies is preparing to test its most powerful artificial intelligence (AI) chip yet, aiming to replace high-end products from U.S. chip giant Nvidia.

By The Financial District
May 11 min read


ECB Nears Victory In Campaign To Tame Inflation
While the United States grapples with the threat of surging inflation, the European Central Bank is closing in on its goal of restoring inflation to 2%.

By The Financial District
May 11 min read


Carney Wins Canadian Election, Conservative Rival Loses Seat
Prime Minister Mark Carney’s Liberal Party has won the Canadian federal election, completing a remarkable comeback fueled in part by U.S. President Donald Trump’s trade war and annexation rhetoric.

By The Financial District
May 11 min read


PSE Index Closes Month Surging On Foreign Buying
The Philippine Stock Exchange (PSE) surged to a new milestone, soaring to 6,354.99 points—up by 102.80 points or 1.64 percent—on strong foreign buying.

By The Financial District
May 12 min read


Komatsu Forecasts 27% Profit Decline Amid Tariff Uncertainty
Komatsu Ltd., Japan’s top construction machinery maker, forecast a 27% drop in operating profit for the current fiscal year, citing a stronger yen and higher costs tied to new U.S. tariffs.

By The Financial District
Apr 301 min read


Tariffs To Hike U.S. Drug Costs By $51-B Annually, Report Finds
A proposed 25% tariff on pharmaceutical imports could raise U.S. drug costs by nearly $51 billion annually, boosting prices by up to 12.9% if fully passed on to consumers.

By The Financial District
Apr 301 min read


SK Telecom Shares Plunge After Cyberattack
Shares of SK Telecom fell as much as 8.5% on Monday, reaching their lowest level since August 2024, after South Korea’s largest mobile carrier disclosed a major customer data leak caused by a cyberattack.

By The Financial District
Apr 291 min read


Japan To Resist Trump Efforts To Form Trade Bloc Against China
Japan plans to push back against any U.S. attempt to pull it into an economic bloc aimed at countering China, citing the importance of its trade ties with Beijing.

By The Financial District
Apr 291 min read


Alarm Over Rising "Forever Chemical" TFA In European Wines
Levels of the little-known "forever chemical" trifluoroacetic acid (TFA) have risen sharply in European wines over recent decades, raising concerns about environmental contamination.

By The Financial District
Apr 291 min read


Merck KGaA In $3.9 Billion Deal To Buy U.S. Biotech Firm SpringWorks
German healthcare and materials group Merck KGaA announced Monday that it has agreed to acquire U.S. biotech company SpringWorks Therapeutics for an equity value of $3.9 billion.

By The Financial District
Apr 291 min read


World Breathes Sigh Of Relief As Trump Spares Fed, IMF
Global policymakers breathed a collective sigh of relief in Washington this week, reassured that the U.S.-centric economic order was not unraveling despite President Donald Trump’s nationalist approach.

By The Financial District
Apr 291 min read


UK Studies Link Air Pollution To Cognitive Decline
Air pollution, already known to cause cancers and heart and reproductive issues, may also be linked to cognitive deterioration.

By The Financial District
Apr 291 min read


PSE Index Rises Slightly
The Philippine Stock Exchange (PSE) index posted a modest gain of 2.69 points or 0.04 percent today, closing at 6,252.19.

By The Financial District
Apr 291 min read


California Overtakes Japan To Become World’s Fourth-Largest Economy
California has surpassed Japan to become the world’s fourth-largest economy, Governor Gavin Newsom announced, warning that President Trump’s tariff policies pose a risk to the state's economic strength.

By The Financial District
Apr 291 min read


MP Materials To Benefit From Trump’s Rare Earth Tariffs
MP Materials, operator of the Mountain Pass mine in California’s Mojave Desert, is ramping up production of critical rare earth elements and magnets used in autos, electronics, and military hardware as China tightens its exports.

By The Financial District
Apr 291 min read


Mark Carney Uses Trump "Chaos" To Win Over Canadian Voters
Mark Carney has already made history as the first person to become prime minister of Canada without having previously held political office.

By The Financial District
Apr 291 min read


Australia, Singapore Head To The Polls
Canada isn’t the only nation voting soon. Australia and Singapore will hold elections on Saturday, May 3, with cost-of-living concerns dominating both contests.

By The Financial District
Apr 291 min read


9 Killed as Car Plows Into Filipino Street Festival In Vancouver
At least nine people were killed and an unknown number injured when a man drove into a crowd at a Filipino heritage festival in Vancouver, Canada.

By The Financial District
Apr 291 min read


South Korean Court Orders Japan To Pay Son Of "Comfort Woman"
A South Korean court has ordered the Japanese government to compensate the son of a former "comfort woman" for abuses suffered during World War II.

By The Financial District
Apr 291 min read


No Applause For Trump, Standing Ovation For Zelensky At Pope Francis’ Funeral
Ukrainian President Volodymyr Zelensky received a far warmer reception than U.S. President Donald Trump at the funeral of Pope Francis, with social media erupting in reactions.

By The Financial District
Apr 292 min read
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