The local stock market took a breather as investors digested recent gains while waiting for fresh economic data here and from overseas. The main index shed 20.42 points or 0.31 percent to close at 6,609.22 as Conglomerates led the decline while the Property and Industrial counters managed to remain...
The National Grid Corporation of the Philippines (NGCP) said the company should not be solely held accountable for the recent Panay power outage, as other parties in the energy sector were also involved. In an interview with the ANC on Monday, Jan. 8, NGCP Spokesperson Cynthia Alabanza said they do...
The National Grid Corporation of the Philippines (NGCP) defended itself against claims of failing to stabilize the transmission system in Panay Island, stating that it followed the necessary protocols. In a statement on Friday, Jan. 5, NGCP said the company solely provides transmission...
President Marcos has ordered village officials and the citizenry to work together in achieving a clean Philippines, stressing that their initiative is what the country needs to win the war against waste. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) In a video message...
President Marcos has issued a memorandum circular (MC) that directs government agencies and encourages local government units (LGUs) to observe “Community Development Week” and “Community Development Day” to uphold and instill the "Bayanihan Spirit" among Filipinos. File photos Executive...
The local stock market declined as investors were quick to take profits from the previous day’s rally. The main index dropped 55.16 points or 0.84 percent to close at 6,498.88 as Banks led the slide across the board. Volume thinned further to 182 million shares worth P3.11 billion as gainers...
The PSEi opened the new trading year with a bang as optimistic investors trickled back into the market. The main index surged 104 points or 1.61 percent to close the first trading session at 6,554.04 as Conglomerates and Services rallied to offset the decline of the Property and Mining counters....
The Gotianun Group’s investment holding company Filinvest Development Corporation (FDC) has secured the approval of the Securities and Exchange Commission (SEC) for its upcoming P10 billion bond issuance. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the SEC has...
The local stock market fell on its last trading day of the year as investors preferred to hold on to cash during the long weekend. The PSEi lost 69.07 points or 1.06 percent to close at 6,450.04, dragged down by Conglomerates which fell 3.41 percent. Volume rose to 1.12 billion shares worth P4.88...
Senator Sherwin Gatchalian on Friday, December 29 urged the government to pursue investments in agriculture even as he welcomes Malacañang’s move to extend reduced tariff rates on imported key agricultural commodities. Gatchalian is referring to Executive Order No. 50 issued by President...
The local stock market returned to the 6,500 level as share prices rode on positive sentiment in the US bourses. The main index rose by 56.31 points or 0.87 percent to close at 6,519.11 as the Industrial sector led all counters in the advance. However, volume dropped to 385 million shares worth...
The extension of tariff rate cuts for key commodities such as pork, corn, and rice will ensure sufficient and affordable food supply next year, the National Economic and Development Authority (NEDA) said. NEDA Secretary Arsenio M. Balisacan said on Thursday, Dec. 28, that there should be different...
