The local stock market advanced on positive trade and employment data. The main index rose by 40.60 points or 0.61 percent to close at 6,659.18 although sectoral indices were evenly divided. Volume improved to 434 million shares worth P5.98 billion as gainers outnumbered losers 99 to 91 with 40...
The local stock market weakened after the government reported that the inflation rate rose again in April. The main index shed 33.91 points or 0.51 percent to close at 6,618.58 with sectoral indices evenly divided. Volume jumped to 7.9 billion shares worth P11.5 billion as losers beat gainers 98 to...
The National Economic and Development Authority (NEDA) said the recently signed Executive Order (EO) No. 59 will modernize and prevent delays in the implementation of the country’s infrastructure flagship projects (IFPs). NEDA Secretary Arsenio M. Balisacan said that the EO would support the...
President Marcos has pitched his administration's $161-billion infrastructure development program in inviting European businesses and investors to the country. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) During the 2024 European-Philippines Business Dialogue and...
The local stock market rose a day before the government releases the April inflation data as upbeat first quarter corporate results start trickling in. The main index hiked 36.94 points or 0.56 percent to close at 6,652.49 led by the Industrial sector while the Property counter remained weak....
State-run Bases Conversion and Development Authority (BCDA) has commended the filing of a Senate bill that aims to enhance and expedite its infrastructure investment prospects. In a statement, BCDA said it welcomed the recent filing of Senate Bill No. 2647, as it will facilitate affordable housing,...
The National Economic and Development Authority (NEDA) is planning to propose an executive order that will strengthen the regional development councils’ (RDC) role in formulating regional development plans and investment programs. NEDA, along with RDC chairpersons, met with President Ferdinand...
The government has renewed its partnership with the United Nations to steer the achievement of Sustainable Development Goals (SDG) and implement the Philippine Development Plan (PDP) 2023-2028. The National Economic and Development Authority (NEDA), together with the Department of Affairs, held a...
Concern over higher inflation for April continued to weigh on the local stock market. The main index declined 31.00 points or 0.47 percent to close at 6,615.55 due to the weakness of the Property and Services counters as most other sectors were in the green. Volume rose to 764 million shares worth...
Jollibee Foods Corporation, one of the largest Asian food service companies, is amending its Articles of Incorporation so it can no longer directly own real estate, a move that will pave the way for more foreign shareholders in the most successful homegrown Filipino brand. In a disclosure to...
The Department of Finance (DOF) said that the Philippine government is on track to finalize four loan agreements with the Japan International Cooperation Agency (JICA) this year. According to the DOF, these loan agreements, estimated at $1.5 billion (P86.4 billion), are earmarked for projects...
The local stock market weakened as investors took profits before trading stops for Labor Day. The main index dropped 69.15 points or 1.02 percent to close at 6,700.49 as the Property counter led the retreat across all sectors. Volume surged to 1.4 billion shares worth P20.13 billion due to a block...
