NEW YORK (AP) — Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook's parent company, one of Wall Street's most influential stocks, also hurt the market. The S&P 500 fell...
The Commission on Audit (COA) has dismissed the P78.956 million payment claimed by Adlib International Sales, Inc. (AISI) from the Department of Budget and Management (DBM)-Procurement Service and the Presidential Security Group (PSG) for the supply and delivery of two mobile X-ray units in 2015....
Amid soar in weather temperatures, demand for electricity in the country had reached its boiling point this week, as the highest demand of 14,016 megawatts on Wednesday (April 24) breached the peak demand projection of the Department of Energy (DOE) for this year. And while the country’s power...
The Securities and Exchange Commission (SEC) has issued guidelines which includes requiring companies planning initial public offerings to disclose cornerstone investors in line with efforts to boost investor participation in the capital market. The Commission on April 11 issued SEC Memorandum...
The Commission on Human Rights (CHR) has undersored the health and environmental benefits that would be derived from the rehabilitation and restoration of the San Juan River initiated by the Metropolitan Manila Development Authority (MMDA). The rehabilitation and restoration of the San Juan River...
TOKYO — Asian shares mostly declined Thursday as investors awaited a flood of global earnings reports, including updates from U.S. tech companies known as the "Magnificent Seven." Japan's benchmark Nikkei 225 slid 1.4% in morning trading to 37,931.81. South Korea's Kospi dropped nearly...
The Commission on Human Rights (CHR) has decided to conduct its own investigation on two violent attacks against students in Zamboanga City and Agoncillo town in Batangas. In a statement, the CHR expressed its "grave concern over these incidents, which not only endanger the safety and well-being of...
Senators on Wednesday, April 24 urged the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to rein in and enforce stricter oversight on power generation companies (gencos) to ensure compliance with their scheduled outages. Sen. Francis “Chiz” Escudero said...
The Securities and Exchange Commission (SEC) has revoked the lending license of Copperstone Lending Inc. for its unfair debt collection practices and its failure to disclose the true and correct terms of loan contracts with borrowers. In a statement, the SEC said Copperstone Lending operates...
The Civil Service Commission (CSC) on Wednesday, April 24 urged college graduates with Latin honors to apply for Honor Graduate Eligibility (HGE) if they want to work in the public sector. “Summa cum laude, magna cum laude, and cum laude graduates no longer need to take the Career Service Exam as...
"Weakness in internal control and lapses in monitoring and recording" brought about the P34.7 million increase in the costs of fuel consumption by the province of Nueva Ecija in 2023, the Commission on Audit (COA) said. In its audit report, COA said that Nueva Ecija spent P100.6 million for...
Commission on Elections (Comelec) Chairman George Erwin Garcia confirmed on Wednesday, April 24 that United States (US) authorities have filed a money laundering case against former poll chief Andy Bautista. "I would like to respectfully confirm that based on our communication with attorneys...
