Filinvest Development Corporation (FDC), the flagship firm of the Gotianun family, expects to sustain the strong growth it posted in 2023 when attributable net income jumped 58 percent to P8.9 billion last year from the P5.7 billion earned in 2022. In a disclosure to the Philippine Stock Exchange...
The local stock market ended lower on late profit-taking after a strong opening that sent the Philippine Stock Exchange Index (PSEi) above the 7,000 level. The main index lost 19.38 points or 0.28 percent to close at 6,960.43 led by losses of Banks although sectoral indices were evenly split....
The local stock market kicked off the first trading day of the second quarter with a substantial hike following strong economic data from China and the US. The main index jumped by 76.28 points or 1.10 percent to close at 6,979.81 as Conglomerates led the advance while the Industrial sector lagged...
The Bases Conversion and Development Authority (BCDA) swiftly addressed the social media post surrounding the purported Disneyland theme park in New Clark City. Setting the record straight after a wave of inquiries flooded in on Monday, April 1, the BCDA clarified that the Facebook post of a...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo has signed the diplomatic notes for Japan’s official development assistance (ODA) worth P92.701 billion (JPY250 billion) for road and subway projects aimed at modernizing the country’s infrastructure. Department of...
The Department of Social Welfare and Development's (DSWD) disaster management and response teams will be on standby to respond to emergencies during Holy Week. (Photo from DSWD) Disaster Response Management Group (DRMG) Assistant Secretary Irene Dumlao said in a statement on Tuesday, March 26, that...
The local stock market recovered some lost ground as investors started picking up cheaper stocks. The main index rose 45.07 points or 0.66 percent to close at 6,898.17 led by the advance of the Services sector while Banks and Miners lagged behind. Volume improved to 699 million shares worth P7.62...
The Department of Social Welfare and Development (DSWD), on Tuesday, March 26, said the department began providing livelihood assistance settlement grants (LSG) to help families in Ilocos Sur affected by Typhoon Egay. (DSWD/Manila Bulletin) According to Assistant Secretary for Disaster Response...
The Department of Finance (DOF) announced that the Clark Development Corp. (CDC) significantly increased its cash dividends to the government coffers for last year. On Monday, March 25, Finance Secretary Ralph G. Recto received a P1.8 billion check from CDC, reflecting the firm's dividend...
Celebrating the 20th Women with Disabilities Day, the Department of Social Welfare and Development (DSWD) on Monday, March 25, called for changes to help women with disabilities fight for their rights. (Photo from DSWD) "We call on everyone to support disability-specific programs and services to...
The local stock market declined as investors wait for fresh cues from the US. The main index dropped 28.87 points or 0.42 percent to close at 6,853.10 as Banks led the retreat with only Conglomerates holding on to gains. A total of 553 million shares worth P5.48 billion were traded as losers beat...
The country’s socioeconomic planning agency remains positive that the Philippines will become an upper middle-income economy by next year. National Economic and Development Authority Arsenio M. Balisacan said that the country remains on track to achieving an upper middle-income status in 2025...
