Peso slides past 58 vs $1 on corruption woes

MANILA, Philippines — The Philippine peso weakened to its lowest level in nearly two months on Thursday, slipping past the 58 mark against the US dollar, as a corruption probe into government flood control projects stirred fresh political unease. The local currency closed at 58.10, down 63.9 centavos from the previous day and its weakest

ADB work in Philippines to continue

MANILA, Philippines — The Asian Development Bank (ADB) said a corruption scandal involving flood control projects would not deter it from financing work in the Philippines, noting that the institution maintains “close oversight” of its investments. “You know, we’re always cautious about all our projects,” Andrew Jeffries, the bank’s country director for the Philippines, told

Sam Bankman-Fried’s X Post Triggers Questions, Is He Out Of Prison?

Sam Bankman-Frieds social media account sprang to life this week with a one-word post that took many crypto investors by surprise. The verified X account of the disgraced FTX founder unexpectedly tweeted “gm,” which left many followers stunned and questioning whether Bankman-Fried himself was somehow back online or even out of custody. Mystery “gm” Post [.].

Bulgaria ousts USA, books first FIVB Men’s World semis in 19 years

MANILA, Philippines — Aleksandar Nikolov erupted with 29 points to send Bulgaria to the FIVB Volleyball Men’s World Championship semifinal for the first time in 19 years. Down two sets, the Nikolov brothers and the Bulgarians never wavered, pulling off a 21-25, 19-25, 25-17, 25-22, 15-13 comeback to stun World No. 4 USA before a

Converge prepaid service books 500,000 users

MANILA, Philippines — Converge ICT Solutions Inc. said on Thursday its prepaid internet service continues to gain ground, with about 500,000 active users logged in two years after its launch. Dennis Anthony Uy, CEO and cofounder of Converge, said the increasing popularity of the group’s prepaid brand Surf2Sawa (S2S) shows “the strong adoption” of Filipinos