More motorcycles were added to Philippine roads as sales swelled to over 1.2 million units as of end-September this year, the latest Federation of Asian Motorcycle Industries (FAMI) report showed. FAMI's updated database this week showed that the five member-companies of the Motorcycle Development...
Cebu is fast becoming an emerging force in the Philippine cacao industry since its rich soil and warm climate are ideal for the cultivation of the cacao tree whose seeds are used to make chocolate. As the premier province of Central Visayas, Cebu is benefiting from the global and local demand for...
The Philippine Red Cross (PRC) brought aid to families in Albay and Camarines Sur after they were severely affected by Severe Tropical Storm Kristine. (Photo from Philippine Red Cross) Led by its Chairman and Chief Executive Officer (CEO) Richard Gordon and Secretary General Dr. Gwen Pang,...
President Ferdinand Marcos Jr. (left) confers on Philippine Navy (PN) Seaman First Class Underwater Operator Jeffrey Facundo the Order of Lapu-Lapu Rank of Kampilan in a ceremony at the Western Command headquarters, Camp General Artemio Ricarte in Puerto Princesa City, Palawan on June 23, 2024,...
The Philippine Red Cross (PRC) provided medical assistance to 11,429 individuals during its week-long operations for this year’s Undas. (Photo from Philippine Red Cross) In a statement issued on Monday, Nov. 4, the PRC Safety Services Unit reported that 11,017 individuals received free...
The local stock exchange traded sideways as investors wait for the US elections and Federal Reserve meeting. The main index shed 6.86 percent or 0.10 percent to close at 7,136.10 with the Mining counter posting the steepest drop while Conglomerates and Services improved. Volume was low at 588...
Senator Christopher “Bong” Go on Monday, November 4 called on the government to provide comprehensive assistance to all farmers noting the significant damage wrought by recent typhoons “Kristine” and “Leon.” Both typhoons ravaged crops across various regions in the Philippines...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a 19 percent improvement in net income to P4 billion in the first nine months of the year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its solid financial performance was driven by...
Police forces in Western Mindanao are now on alert for the filing of the certificates of candidacy (COCs) for the first-ever Bangsamoro parliamentary elections that will coincide with the 2025 midterm elections on May 12. Police Maj. Gen. Bernard Banac, director of the Area Police...
Philippine Business Bank (PBB), a local lender controlled by beverages tycoon Alfredo Yao, reported that its net income leaped 57.1 percent to P1.8 billion in the first nine months of 2024 from the P1.15 billion it earned in the same period last year. In a disclosure to the Philippine Stock...
By DERCO ROSAL While the majority of expectations nod to an uptick in October inflation, economists surveyed by Manila Bulletin hold mixed forecasts for the Philippines’ third-quarter 2024 economic performance, noting both growth opportunities and possible risks ahead. Following the four-year low...
While the recent market decline has brought share prices to attractive levels which may spark some bargain-hunting, stock market investors are seen to be wary due to the US elections and the release of the October inflation data. “The local market has exhibited bearish movements in last week’s...
