Aiming to transform its role from a traditional “gatekeeper” of standards to a “gardener” that nurtures innovation, access, and quality across the tertiary education sector, a bill seeking to modernize the 30-year-old charter of the Commission on Higher Education (CHED) has been filed. In a...
The Philippine Stock Exchange index (PSEi) is still in the red on Tuesday, Sept. 30, as share prices dropped due to the weak peso and domestic uncertainties. The main index lost 44.14 points, or 0.74 percent, to close at 5,953.46. The property sector led the retreat, while miners and banks...
Visayas and Mindanao (VisMin) property developer Cebu Landmasters Inc. (CLI) is planning to raise up to ₱5 billion from the issuance of sustainability-linked bonds as the third and final tranche of its three-year shelf registration program of up to ₱15 billion. Philippine Ratings Services...
Cavite 4th District Representative Francisco Barzaga, more popularly known as “Congressmeow Kiko Barzaga” online, has been recommended for delisting from the Armed Forces of the Philippines (AFP) reserve force. Philippine Army spokesperson Col. Louie Dema-ala said Barzaga was recommended for...
Investment pledges in the country’s economic zones (ecozones) approved by the Philippine Economic Zone Authority (PEZA) have surged to more than ₱150 billion from January to September as investors continue to affirm their confidence in the country’s business landscape. The PEZA said on...
Aiming to strengthen accountability and participatory governance in the country’s schools, the Department of Education (DepEd) on Tuesday, September 30, officially announced the launch of Project Bukas—a first-of-its-kind transparency initiative that makes education data publicly accessible. In...
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...
