The local stock market followed the previous day’s jump with a stronger rally just before the MSCI rebalancing and over optimism fueled by the fiscal stimulus bill. The PSEi surged 323.90 points or 5.11 percent to close at 6,665.14 as all sectors advanced. Volume of trades also spiked, rising to...
Davao City has officially become the "chocolate capital" of the Philippines under a new law signed by President Duterte. President Rodrigo Duterte (File photo/Malacañang) Republic Act No. 11547, inked by the President on May 27, also declared the entire Davao Region as the cacao capital of the...
DOH The Department of Health (DOH) once again flagged the increasing number of coronavirus disease (COVID-19) cases in Visayas and Mindanao. DOH Secretary Francisco Duque III said that they were closely monitoring the situation in those areas. "Nagpapakita ang Visayas ng pagtaas kung saan Region 6...
The Philippine stock market jumped on the passage of the pandemic relief law and the start of month’s end window-dressing. The main index surged 144.53 points or 2.33 percent to close at 6,341.24 as share prices rose across the board. Volume also spike to 1.26 billion shares worth P13.09 billion...
The local stock market bounced as investors took their cues from gains in overseas markets. The main index rose 31.82 points or 0.52 percent to close at 6,196.71 although sectoral indices were evenly mixed. Advancers were led by blue-chip Holding Firms while miners were the biggest decliners....
Senator Sherwin Gatchalian on Tuesday, May 25, urged the government to start vaccinating “anyone who is willing” to get vaccinated against COVID-19, saying it is about time to move the general public up in the priority program as early as June. Senator Sherwin Gatchalian (MANILA BULLETIN File...
The local stock market weakened as investors fretted over the possibility of higher US interest rates. The main index dropped 34.36 points or 0.55 percent to close at 6,164.89 as all indices retreated, led by the interest rate-sensitive Property sector. Volume was low with 1.09 billion shares worth...
Small local investors were still the main movers of the Philippine Stock Exchange (PSE) in the first-quarter this year, which the Department of Finance (DOF) attributed to the trust and confidence of the public in the regulatory institutions. Screen Shot 2021-05-24 at 2.46.56 PM Based on a report...
The government is targeting to administer coronavirus vaccines to 9.77 million people in Metro Manila by November 2021 to protect them from the deadly disease. A health worker administers a coronavirus vaccine to a Taguig City resident inside the 'Vaccination Bus' parked in Barangay Ususan, Taguig...
Late buying allowed the local stock market to close flat as investors continued to sit on the sidelines. The main index eked out a gain of 1.61 points or 0.03 percent to close at 6,199.25 with only the Financials and Services counters in the red. Volume remained weak with 1.63 billion shares...
More people can now attend religious gatherings in the National Capital Region (NCR) after mayors have agreed to relax the restrictions on these activities. Devotees observe a safe distance from each other while hearing Sunday mass outside Quiapo church in Manila in a December 2020 file photo. (ALI...
The Philippines' #1 e-commerce enabler Great Deals e-commerce Corporation raised $30 million, approximately P1.4 billion, capital in its Series B funding round. The new capital infusion was led by Fast Group, a leading logistics firm in the Philippines with the support from CVC Capital Partners,...
