The Philippine Stock Exchange index (PSEi) dropped for the sixth straight session, breaking below the 6,000 level, as investors worried about the weak peso, the impact of corruption on infrastructure spending, and general weak investor confidence in the economy. The main index shed 29.52 points, or...
State-run think tank Philippine Institute for Development Studies (PIDS) is urging lawmakers to expand and amend major education-related bills to address persistent gaps in access, funding, and governance across the sector. In a statement, PIDS Senior Research Fellow Connie B. Dacuycuy outlined...
The Lucio Tan Group’s lending arm, the Philippine National Bank, is undertaking reorganization in a bid to streamline its operations following the appointment of its new president, Edwin R. Bautista. In a disclosure to the Philippine Stock Exchange, the bank stated that its Board of Directors has...
The Bank of the Philippine Islands (BPI) has announced a standardized ₱15 service fee for all inter-institution cash-in transactions made via InstaPay, effective Oct. 1. In a statement, the Ayala-led bank said the new fee will apply to all cash-in transfers, including those sent to popular...
Metro Pacific Tollways Corp. (MPTC) plans to raise up to ₱20 billion through a planned bond issuance, while continuing to explore options to reduce debt, as market conditions are still not favorable for an initial public offering. Philippine Rating Services Corp. (PhilRatings) said MPTC is...
Following a week-long decline, the local stock market may experience some bargain-hunting despite prevailing bearish sentiment, with investors likely to interpret the S&P Global Philippines Manufacturing PMI and US jobs and PCE inflation data for cues. “The local market is still moving with a...
The Philippine Marine Corps (PMC) and Philippine Army (PA) ramped up their humanitarian assistance and disaster response (HADR) efforts in the wake of successive storms that battered the country, officials said on Saturday, Sept. 27. In Northern Palawan, the Disaster Response and Rescue Teams...
By now, any Filipino who doesn’t feel the disgust and rage over how these public officials and private contractors have seized the nation’s financial resources and lived lavishly at the expense of the unassuming Juan dela Cruz, must be out of their mind or complicit with these despicable...
Flag carrier Philippine Airlines (PAL) is expanding the international reach of its Cebu network, with the launch of direct flights to Guam beginning Dec. 16, capturing the holiday demand of one of the biggest Filipino diasporas in the world. In a statement on Friday, Sept. 26, the Lucio Tan-led...
The Philippine Stock Exchange (PSEi) stayed in the red on Friday, Sept. 26, marking a whole week of daily declines, as developments in the United States (US) dampen hopes of aggressive rate cuts by the US Federal Reserve (Fed) and the Bangko Sentral ng Pilipinas (BSP). The main index shed 15.16...
Around 38,000 residents were taken to safer grounds by the Philippine Army (PA) as Severe Tropical Storm “Opong” lashed parts of the country on Friday, Sept. 26. PA spokesperson Col. Louie Dema-ala said 10,961 families or 38,521 individuals were evacuated across Southern Luzon, Bicol Region,...
The Department of Agriculture (DA) is looking forward to a proposed ₱20-billion annual investment in the livestock sector, which will take effect once signed into law by President Ferdinand R. Marcos Jr. before the month of September ends. Speaking at a breakout session of the Arangkada...
