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PSA adopts measure in aftermath of credentials controversy

MANILA, Philippines—The Philippine Sportswriters Association (PSA) on Tuesday expressed alarm over what it described as a troubling use of media access as a form of censorship, following the temporary revocation of Spin.ph’s credentials by the Philippine National Volleyball Federation (PNVF). In a strongly worded statement, the PSA condemned the September 23, 2025 decision of PNVF

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Security Bank names new CEO

MANILA, Philippines – Security Bank Corp. has appointed Victor Lee Meng Teck, a Singaporean veteran banker, as its new president and CEO effective early January 2026. Lee, the former CEO of CIMB Singapore, will replace Sanjiv Vohra after more than six years. READ: Retail, MSME loans buoy Security Bank H1 profit Vohra will remain as

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‘Clear risk of recession’ if US hits Swiss pharma with 100% tariff: expert

ZURICH, Switzerland – Wealthy Switzerland could face recession if Washington slaps its vital pharmaceutical sector with the threatened 100-percent tariff, a leading Swiss economic expert told AFP Monday. US President Donald Trump last week said he would impose 100-percent tariffs on all branded pharmaceutical products from Wednesday, unless companies build manufacturing plants in the United

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BIZ BUZZ: Philippine Airlines captures ‘4 stars’

MANILA, Philippines — Philippines Airlines (PAL) keeps soaring higher, as it has just bagged a prestigious 4-Star Major Airline 2026 rating. The flag carrier earned the award from the Airline Passenger Experience Association (Apex), a US-based air travel organization. Airlines securing this status mean that they “consistently deliver excellence across critical touch points—cabin comfort, cleanliness,

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Stock markets shrug off US government shutdown fears

NEW YORK, United States – Global stock markets mostly rose on Monday, shrugging off concerns about a looming US government shutdown as markets eyed key budget talks set for Monday afternoon. Following a mostly positive round of trading in Europe and Asia, Wall Street’s main indices finished modestly higher. US President Donald Trump was expected