The Philippine Stock Exchange index (PSEi) ended a five-day slump as investors bought cheaper stocks ahead of Friday’s August inflation report. The benchmark PSEi added 23.99 points, or 0.39 percent, to close at 6,106.92 on Thursday, Sept. 4, with advances across the board led by property and...
Synergy Grid & Development Phils., Inc. will hold its annual meeting of stockholders on October 16, 2025, at 2:00 PM, at the Corporation 's principal office through videoconferencing. Stockholders may participate in the annual meeting via remote communication and cast their votes...
The Philippine Stock Exchange index (PSEi) dropped to the 6,000 level after breaching its support on Wednesday, Sept. 3, as political noise and US tariff issues continue to dampen investor sentiment. The main index closed at 6,082.93, down 45.96 points or 0.75 percent. The Property sector led the...
The government is considering seasonal tariffs on rice to shield local farmers during harvest, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan said. Balisacan also emphasized on Tuesday, Sept. 2, that tariffs are used as a policy tool to address various...
In line with its transformation into an infrastructure conglomerate, Asiabest Group International Inc. is offering shares worth up to ₱24.66 billion and acquiring the infrastructure and real estate companies of its chairman, Francis Lloyd Chua, for ₱15 billion. In a disclosure to the Philippine...
Uncertainties in global trade policy driven by the tariff policy of the United States (US) are forcing developing economies to absorb costlier cross-border trade, rattling financial markets and denting investor confidence, according to the United Nations Conference on Trade and Development...
Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
The local stock market dipped due to the weaker peso and lower manufacturing data amid concern over massive corruption in flood control projects. The main index shed 11.46 points, or 0.19 percent, to close at 6,128.89. Half of the sectoral indices were in the green. Volume was higher but still...
The Philippine Stock Exchange index (PSEi) fell for the third consecutive day amid expectations of a slight uptick in August inflation and the peso 's recent weakness. The main index shed 15.22 points, or 0.29 percent, to close at 6,140.35 on Monday, Sept. 1. Conglomerates led the retreat,...
State-run think tank Philippine Institute for Development Studies (PIDS) is advocating the use of artificial intelligence (AI) to combat corruption in public infrastructure projects, including flood control. In a press conference on Monday, Sept. 1, PIDS senior research fellow Adoracion M. Navarro...
The Bases Conversion and Development Authority (BCDA) said it has yet to receive an updated offer from Metro Pacific Tollways Corp. (MPTC) for its proposed acquisition of the government’s 50-percent stake in Subic-Clark-Tarlac Expressway (SCTEX). BCDA President and Chief Executive Officer (CEO)...
The 2.3-kilometer southbound tube of the Davao City Bypass broke through on Saturday, Aug. 30, bringing the country’s first long-distance mountain road tunnel closer to operation under the Department of Public Works and Highways (DPWH). DPWH senior officials, joined by representatives from Japan...
