State-owned Development Bank of the Philippines (DBP) is working closely with the Department of Finance (DOF), state regulators and legislators in introducing reforms in its 26-year-old charter to cater to the demands of an ever-changing market and rapidly-evolving economic landscape, a top...
The PSEi made a strong bounce after a healthy correction as investors picked up cheaper stocks. The main index jumped 104.87 points or 1.53 percent to close at 6,942.21 as the Property sector led the advance while Mining and Oil lagged behind. Volume dipped to 548 million shares worth P4.86 billion...
The Department of Social Welfare and Development (DSWD) has committed to further enhance its services for the effective delivery of the deradicalization and reintegration programs for former rebels and their families, as part of the “Buong Bansa Mapayapa” (BBM) initiative. DSWD Undersecretary...
The local stock market dropped on signs that interest rates in the US and Philippines are not going to be cut soon as many investors had hoped. The main index lost 41.20 points or 0.60 percent as the rate-sensitive Property sector led the retreat while the Services counter managed to advance. A...
Present during the ceremony were Don Tim President and CEO Audric Leong, Alfonso Cavite Municipal Vice Mayor Madona Pel, and Don Tim’s management committee The Montebello community in Alfonso, Cavite, recently came together to celebrate the blessing of Don Tim Development's latest projects –...
The Development Bank of the Philippines (DBP) is seeking to introduce reforms, including a massive capital hike to P300 billion, through amendments to its 26-year-old charter. In a statement, the state-owned bank said it is working closely with the Department of Finance (DOF), state regulators and...
The local stock market weakened further, weighed down by the performance of US stocks and the higher Philippine inflation numbers for February. The main index shed 26.92 points or 0.39 percent to close at 6,878.54 as the Industrial sector led the retreat while Banks managed to buck the trend....
Leading snacks company Mondelēz International in the Philippines has advanced its sustainable snacking platform by becoming a member of the Net Zero Carbon Alliance (NZCA). This move is in line with the company’s global commitment to achieve net zero carbon emissions across its full value chain...
Local share prices dropped after the government reported that inflation rose higher than expected last month. The main index lost 46.21 points or 0.66 percent to close at 6,905.46 as Banks led the retreat while Conglomerates advanced. Volume was still firm at 425 million shares worth P5.37 billion...
Positive news from the US boosted local stocks although the Philippine Stock Exchange Index (PSEi) again failed to hold above the 7,000 level. The main index added 32.08 points or 0.46 percent to close at 6,951.67, boosted by gains of the Services and Property sectors. Volume was firm at 530...
Maritime Industry Authority (Marina) Administrator Sonia Malaluan (Courtesy by Marina) The national government will take advantage of utilizing emerging technologies invented by Filipino scientists to develop the maritime sector, according to the Maritime Industry Authority (Marina). Marina...
State-owned Development Bank of the Philippines (DBP) has expressed renewed interest in providing financing to critical public infrastructure projects as it seeks optimal mobilization of the P8.75-billion in fresh funds from its latest local bond issuance, a top official said. DBP President...
