The PSEi dipped only slightly despite a credit rating downgrade for the US by Moody’s. The main index shed 10.69 points or 0.17 percent to close at 6,454.84 with sectoral indices evenly mixed. Volume was firm at 755 million shares worth P6.19 billion as losers outnumbered gainers 109 to 86 with 49...
The Governance Commission for GOCCs (GCG) has shuttered a government-owned and/or -controlled corporation (GOCC) established by former President Ferdinand E. Marcos Sr. to design an airplane—but which failed to do so in its 50 years of existence.In a memorandum order dated May 7, the GCG gave its...
The Chamber of Commerce of the Philippine Islands (CCPI) is urging the government to strictly implement the newly signed law aimed at improving the quality of early childhood education and care in the country.President Ferdinand “Bongbong” Marcos Jr. signed Republic Act (RA) No. 12199, or the...
Nearly 600,000 motorcycles were added to Philippine roads in the first four months of the year, as demand for a more affordable mode of transportation continues to attract droves of buyers across the country.The latest data from the Federation of Asian Motorcycle Industries (FAMI) showed that...
Senator Loren Legarda on Friday, May 16 hailed the enactment into law of the measure that would help strengthen the country’s efforts to nurture Filipino children in their most formative years. Legarda commended the signing into law of Republic Act No. 12199, or the Early Childhood Care and...
The PSEi managed to close almost flat despite weaker economic data released both in the US and in the Philippines.The main index shed 1.33 points or 0.02 percent to close at 6,465.53 with sectoral indices evenly divided. Volume was relatively stable at 730 million shares worth P6.59 billion as...
The Palawan Group of Companies (PGC) earned a momentous international distinction at the 2025 Asia-Pacific Stevie Awards, taking home seven major awards, including two coveted Gold Stevies for Excellence in Innovation and Brand Development. This global recognition highlights PGC’s mission to drive...
The Department of Public Works and Highways (DPWH) is holding simultaneous regional consultations to update the Philippine Highway Maintenance Management Manual (PHMMM), aligning national standards with the specific needs of local terrain and infrastructure systems.Bureau of Maintenance Director...
Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, has deconsolidated McDonald’s Philippines franchisee Golden Arches Development Corp (GADC) from its financial statements to generate a one-time gain of ₱3.4 billion from the remeasurement of the investment’s...
Strategic expansion fuelled the robust revenue and bottomline growth of Cebu-based Top Line Business Development Corporation in the first quarter of the year.In a disclosure to the Philippine Stock Exchange, the firm said its net income jumped by 38 percent year-on-year to ₱37.9 million in the...
Double-digit growth of most of its subsidiaries resulted in a strong first quartee performance of the Gotianun family’s investment holding firm Filinvest Development Corporation (FDC).In a disclosure to the Philippine Stock Exchange, the firm said its consolidated attributable net income rose by...
The PSEi fell as cautious investors continued to take profits while digesting mixed first quarter earnings reports.The main index dropped 84.95 points or 1.30 percent to close at 6,466.86 as Miners led the retreat although Conglomerates bucked the trend by advancing. Volume declined to 1.54 billion...
