The Philippine Stock Exchange (PSE) has approved the listing of the shares of Citicore Renewable Energy Corporation (CREC) to pave the way for its planned initial public offering (IPO) worth up to P12.94 billion. In a statement, the firm said it has received a notice from the PSE the Notice of...
The Philippine Red Cross (PRC) on Wednesday, Jan. 31 announced the expansion of its scholarship program for medical students at the University of the Philippines-College of Medicine (UPCM). Photo from PRC PRC Chairman and Chief Executive Officer (CEO) Richard Gordon made the announcement while...
The local stock market closed higher but well below the day’s peak after the country’s economic growth came in below target but above analysts’ estimates. The main index added 24.43 points or 0.37 percent to close at 6,646.44 as the Property sector led the advance although conglomerates and...
Over the next three decades, the population of the Philippines is projected to experience substantial growth, with an average annual increase of 842,000 individuals. According to the Philippine Statistics Authority's (PSA) 2020 Census-Based National Population Projections, the country's...
The $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) by Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) takes a further step towards completion after getting the green light from the Philippine Competition Commission (PCC). In a disclosure to...
The Department of Science and Technology-Philippine Textile Research Institute (DOST-PTRI) joined forces with the Army Support Command (ASCom) to develop combat uniforms made from locally sourced and sustainable materials like bamboo, banana fiber, and Philippine cotton. Photo from DOST As part of...
Sen. Robinhood Padilla made a renewed push for the Philippines to assert its rights over Sabah like what it's doing in the West Philippine Sea. Sen. Robinhood Padilla pushed anew for the Philippines' assertion of its rights over Sabah. During the plenary deliberations on the proposed Philippine...
The country’s economic growth fell short of the government's target last year, largely due to higher consumer prices that discouraged spending, data from the Philippine Statistics Authority (PSA) showed. The economy, as measured by the gross domestic product (GDP), expanded by 5.6 percent from...
Manila Water Philippine Ventures, Inc. (MWPV), a wholly-owned subsidiary of Manila Water Co. Inc., has renewed its agreement with the Metropolitan Cebu Water District, following the conclusion of their previous contract last year. In a disclosure made to the Philippine Stock Exchange (PSE) on...
The local stock market dipped as investors wait for tomorrow’s announcement of the country’s last gross domestic product report for 2023. The main index shed 8.67 points or 0.13 percent to close at 6,622.01 with sectoral indices evenly mixed. Volume was still low at 550 million shares worth...
More than 200 Chinese vessels were spotted around Panganiban (Mischief) Reef, a low-tide elevation in the Spratly Islands, the Philippine Navy (PN) said on Tuesday, Jan. 30. The presence of Chinese vessels in Panganiban Reef, located 250 kilomteres from Palawan, poses a challenge for the Armed...
State-run Bases Conversion and Development Authority (BCDA) will transfer the Philippine Air Force (PAF) housing facilities from Air Force City, Clark Freeport Zone in Pampanga to New Clark City in Tarlac. In a statement on Tuesday, Jan. 30, the BCDA said the relocation project would cost P4.24...
