Enrique K. Razon Jr. Five businessmen with strong ties to sports were among the 17 Filipinos named to this year’s Forbes World’s Billionaires List. Enrique Razon Jr., Lucio Tan, Hans Sy, Ramon Ang and Inigo Zobel made it to the list composed of 2,755 billionaires from around the world, as...
Philippine shares rose on the back of record performances of US bourses. PSE file photo The main index jumped 94.96 points or 1.46 percent to close at 6,590.11 as share prices rose across the board, led by the Holding Firms and Industrial counters. Volume remained tepid though at 2.41 billion...
The Philippine Stock Exchange, Inc. (PSE) aims to get more companies to consider raising capital through an initial public offering (IPO) after it relaxed its listing rules. In a statement, the bourse said it has released its Amended Listing Rules which contain relaxed profitability and operating...
The local stock market rose as bargain hunters picked up shares late in the session on the back of gains in the US. PSE file photo The main index rose 52.06 points or 0.81 percent to 6,495.15 with only the Property sector retreating. Volume dropped to 1.85 billion shares worth P5.36 billion as...
The Board of Investments has granted pioneer tax incentives to the P30.6576 billion project of Philippines Fiber Optic Cable Network (PFOCN), a Singaporean company, which is expected to spur the country’s telecommunications sector. Trade and Industry Secretary Ramon M. Lopez announced the...
San Miguel Corporation (SMC) is stepping up its ongoing food assistance program for poor communities affected by stricter quarantine protocols by extending it to nearby provinces beyond Metro Manila such as Cavite and Laguna. In a statement, SMC President Ramon S. Ang said that, as soon as delivery...
The local stock market fell as investors cashed out ahead of the uncertainties that shroud the long weekend. Photo credit: PSE file. The main index dropped 102.46 points or 1.57 percent to close at 6,443.09 as share prices fell across the board. Volume improved but remained low at 2.4 billion...
Jaja Santiago scored 11 points for Ageo Medics in their championship match against NEC at the Japanese V.Cup Division 1 finals (Photo from Ageo Medics) The Philippine National Volleyball Federation (PNVF) lauded Jaja Santiago’s recent success overseas as the first Filipino player to win a...
SECRETARY RAMON M. LOPEZ Department of Trade and Industry (Photo by Mr. Mark Ches Ang) While there’s a growing awareness of the global competitiveness of Filipino products, there are still some Pinoys that are biased towards imported products because they think locally-made goods are not “high...
Six Philippine pharmaceutical firms are planning to venture into local vaccine manufacturing, Trade and Industry Secretary Ramon M. Lopez revealed. At the President Duterte’s “Kumusta Na Po Mahal Kong Kababayan” broadcast Wednesday (March 24) night to update Filipinos on COVID-19...
The Board of Investments (BOI) has approved a total of P137 billion worth of projects as of middle March this year, reflecting a significant 64.65 percent increase from P83 billion in the same period last year. Trade and Industry Secretary Ramon M. Lopez (Bloomberg file photo) Trade and Industry...
After the passage of the CREATE Bill, the government’s economic managers have endorsed to President Rodrigo Roa Duterte (PRRD) for certification as urgent three economic bills pending in Congress with target passage by October this year or just before the political season starts for next...
