The local stock market finally made a stronger bounce as funds picked up cheaper blue chips late in the session. The main index rose by 74.18 points or 1.17 percent to close at 6,410.09 as the Mining and Oil sector led the advance although Banks lagged behind. Volume dropped to 385 million...
Late buying nudged up the Philippine Stock Exchange (PSE) benchmark index as investors picked up bargains following steep losses in past days. The main index inched up by 6.72 points or 0.11 percent to close at 6,335.91 as the Services sector did the heavy lifting while the Industrial and Mining...
The Gotianun family’s investment arm Filinvest Development Corporation (FDC) and property development unit Filinvest Land Inc. posted higher earnings for the first half of 2023. In a disclosure to the Philippine Stock Exchange, FDC reported a 77 percent jump in attributable net income to P3.9...
The local stock market fell further as investors continued to worry over the Philippines' and China's economies. The main index fell by 76.72 points or 1.20 percent to close at 6,329.19 as the Property sector led the retreat although Miners managed to advance. Volume was higher at 716 million...
“Nobody knew who I was before McDonald’s." Thus, recounted George T. Yang who pioneered the fastfood chain business in the Philippines which catapulted him to fame and fortune. McDonald's Philippines Master Franchisee George T. Yang Now one of the country’s best-known tycoons, he fondly...
Stocks drop further on weak economic data The PSEi ended the week lower as investors sold down stocks after the Marcos government reported a much lower-than-expected economic growth rate. The main index lost 43.75 points or 0.68 percent to close at 6,405.91 as the Services counter led...
The local stock market fell after the government reported slower economic growth for the second quarter of 2023. The main index lost 80.79 points or 1.24 percent to close at 6,449.66 as the Mining and Oil counter led all sectors in the retreat. Volume was still weak at 513 million shares...
The Marcos administration's economic managers on Thursday, Aug. 10, recommended an accelerated government spending in the coming quarters to recover its growth momentum following the 4.3 percent expansion of the country's gross domestic product (GDP) in the second quarter of 2023. (File...
Two significant health research initiatives are currently being undertaken in Eastern Visayas, highlighting on the importance of cultivating a vibrant health research community in the region. (Photo courtesy of DOST-PCHRD) According to the Department of Science and Technology - Philippine Council...
Owing to profit contribution of its all-renewable energy (RE) subsidiary, First Gen Corporation has posted a 30 percent hike in its recurring net income to $167 million, approximately P9.0 billion, in the first half of the year versus $128 million or P7.0 billion, in the same period last...
The local stock market rose back to the 6500 level as investors cheered the stronger employment numbers and a lower trade deficit figure. The main index added 57.48 points or 0.89 percent to close at 6,530.45 as the Services sector led the advance while the Mining and Oil counter lagged...
BUTUAN CITY – The Regional Development Council (RDC) officially presented the Regional Development Plan (RDP) 2023-2028 at the LMX Convention Center here on Wednesday, August 9. NATIONAL Economic and Development Authority Undersecretary Carlos Bernardo O. Abad-Santos speaks during the launching...
