The local stock market declined despite the strong performance by its US counterparts as investors here preferred to wait for results of both US Federal Reserve and Bangko Sentral Pilipinas (BSP) policy meetings. The main index dropped 36.65 points or 0.58 percent to close at 6,255.74 as the...
President Marcos' chief economist has cautioned that the unexpectedly strong El Niño phenomenon is likely to impede progress in reducing consumer prices, warning the public of challenging months ahead. National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said that the...
The National Economic and Development Authority (NEDA) said there are no plans for additional reductions in import duties on various agricultural commodities. In a briefing, NEDA Secretary Arsenio M. Balisacan said the only option available to the Marcos administration at present is to extend the...
The local stock market rose on thin volume as it benefited from the hike in US stock prices ahead of the release of the US inflation numbers for November. The main index added 64.10 points or 1.03 percent to close at 6,292.39 as Banks led all sectors in the advance. Volume declined to 314...
The PSEi dipped as investors wait for fresh cues although sentiment was also dampened by the Bangko Sentral ng Pilipinas’ (BSP) signal that it is not lowering rates soon. The main index shed 6.48 points or 0.10 percent to close at 6,228.29 as Banks led the decline while Conglomerates and...
The Marcos administration has expressed optimism that it is possible to attain a single-digit poverty rate by 2028 through President Marcos' catch-up plan to increase economic growth and ensure a high inclusivity rate of such growth. File photo National Economic and Development Authority (NEDA)...
DAVAO CITY – Government-owned enterprise National Development Co. (NDC) has inked a P40-million investment deal with waste management firm Davao Thermo Biotech Corp. (DTBC) on Thursday, December 7. DTBC President Olive Puentespina said the investment will finance their expansion programs, saying...
DUBAI, UAE – Multilateral lending firm Asian Development Bank (ADB) sees biggest potential for carbon emissions reduction with the energy transition mechanism (ETM) being pushed for the retirement or repurposing of coal plants all over the world. “Coal-fired power plants produce more global...
President Marcos' chief economist said that foreign investors should leverage the Philippines' rapid economic growth, the fastest in the region, as well as its recent policy reforms and initiatives. During the 2024 Economic Outlook Forum hosted by the European Chamber of Commerce of the...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez has trumpeted before the 4th Asia-Pacific Evaluation Association conference the Philippine lawmakers' commitment to enact a National Evaluation Policy (NEP). ...
Local share prices fell as investors preferred to hold on to cash over the long weekend. The main index lost 71.08 points or 1.13 percent to close at 6,234.77 as Banks led all sectors in the retreat. Volume eased to 270 million shares worth P3.67 billion as gainers edged out losers 83 to 82 with 49...
The PSEi was able to recover most of the day’s loss to end almost flat amid some profit-taking as investors wait for fresh cues. The main index shed 3.1 points or 0.05 percent to close at 6,305.85 as Banks led the decline while Conglomerates and Services advanced. Volume improved to 345...
