The local stock market dropped from the day’s peak above the 6,900 level but still managed to end higher for the day. The main index added 20.12 points or 0.29 percent to close at 6,850.16 as Banks led the advance while the Mining counter led 3 sub-indices down. Volume was firm at 535 million...
Japanese firm Tokai Corporation is beefing up its shareholdings in Filipino-listed firm Repower Energy Development Corporation (REDC), which is into development of various renewable energy (RE) projects in the country. Tokai first subscribed into 65 million common shares of REDC, and that warranted...
A study by the National Economic and Development Authority (NEDA) has raised the need for a comprehensive telecommunications sector overhaul to address the negative effects of costly and slow Internet connectivity on the country's digital economy. In a policy note, the NEDA revealed that the...
The Gotianun Group’s investment holding firm Filinvest Development Corporation (FDC) has raised P10 billion from the oversubscribed first tranche of its P32 billion shelf-registered Peso-Denominated Fixed Rate Bonds. In the photo are the executives of Filinvest Development Corporation (FDC), led...
Over P3.41 billion was allocated to cover the tertiary education of Filipino students enrolled in technical vocational institutions, the Department of Budget and Management (DBM) said Tuesday, Feb. 6. Budget Secretary Amenah F. Pangandaman approved the issuance of a P3.41 billion Special Allotment...
Cacao is a delicious and versatile bean that is used as the base for chocolate and has been an important part of Philippine agriculture for many centuries. (Locally produced cocoa / Photo from DOST) Unlike in other cacao-growing countries, Filipinos associate cacao with "tableya" not chocolate,...
The local stock market bounced back as sentiment got a boost from upbeat US stocks while local investors anticipate a lower inflation rate for January. The PSEi jumped by 84.24 points or 1.27 percent to close at 6,707.25 as Banks led the rally although the Property sector retreated. Volume rose 448...
CAGAYAN DE ORO CITY – Ninety-two percent of people in Northern Mindanao feel safe under a recent survey conducted by the Mindanao Development Authority (MinDa) on the safety, respect, and trust index of the Police Regional Office-10. Ninety-four percent of people in the province of Lanao del...
The local stock market slipped on signals from the US Federal Reserve that rate cuts may come later than March. The main index lost 23.43 points or 0.35 percent to close at 6,623.01 as the Mining and Oil counter led the retreat while Banks bucked the trend. Volume dropped to 280 million shares...
The Philippine government is exploring the possibility of tapping into a Japan fund under the Joint Crediting Mechanism (JCM) that is managed by the Asian Development Bank (ADB), for planned pilot venture into hydrogen that maybe pursued by the country moving forward. According to DOE Director...
The local stock market closed higher but well below the day’s peak after the country’s economic growth came in below target but above analysts’ estimates. The main index added 24.43 points or 0.37 percent to close at 6,646.44 as the Property sector led the advance although conglomerates and...
Amid the going political feud in the country, one of President Marcos’ economic managers has taken a cautious stance, refraining from commenting on the potential economic implications of the ongoing discord. “Let’s focus on the economy,” advised National Economic and Development Authority...
