Coupled with an increase in unpaid workers, the number of jobless Filipinos swelled by more than 300,000 to 1.95 million in June from 1.62 million a year ago, with the online gambling sector partly contributing to the pool of unemployed. Preliminary data from the Philippine Statistics Authority...
The local stock market posted a marginal gain on Tuesday, Aug. 5, following the government 's report that inflation eased in July. The Philippine Stock Exchange index (PSEi) rose by 4.98 points, or 0.08 percent, to close at 6,353.63. The Property sector led the advance, while only the Banks...
Rice prices dropped at their fastest pace since 1995, bringing consumer price increases to below one percent in July, partly supported by the current administration’s ₱20-per-kilo rice program. Philippine Statistics Authority (PSA) Undersecretary and National Statistician Claire Dennis Mapa...
The PSEi continued to rise on bargain hunting as investors anticipate a benign inflation rate for July while the peso also firmed up. The main index added 42.52 points, or 0.67 percent, to close at 6,348.65. Sectoral indices were equally divided, with the property counter leading advancers. A total...
Lopez-led Energy Development Corp. (EDC) plans to expand its geothermal fleet by approximately 90 megawatts (MW) over the next five to six years following the recent inauguration of its 22-MW Tanawon geothermal plant. In an interview, EDC President and Chief Operating Officer Jerome Cainglet said a...
The local stock market finally paused from its six-day losing streak as investors finally decided to pick up bargains after the United States (US) extended its tariff deadline. The main index rose by 53.40 points, or 0.85 percent, to close at 6,306.13. Conglomerates led the advance, although miners...
Cebu Landmasters Inc. (CLI), a leading developer in the Visayas and Mindanao, posted record revenues of ₱19.5 billion in 2024, alongside growth in net income and operating cash flows. The year was marked by strong sales, increased recurring income, and a milestone joint venture with Japan’s...
Senator Erwin Tulfo has expressed his commitment to discuss possible amendments to the implementation of Republic Act No. 11310, or the law that institutionalized the Pantawid Pamilyang Pilipino Program (4Ps). The neophyte senator said this after a consultative meeting with Social Welfare...
SORSOGON CITY – Lopez-led First Gen Corp. (FGen), through its renewable energy subsidiary Energy Development Corp. (EDC), launched the 22-megawatt (MW) Tanawon geothermal power plant on Friday, Aug. 1, to bolster the country 's clean baseload capacity. “This is not only a proud achievement...
DAVAO CITY – The Mindanao Development Authority actively integrates artificial intelligence technologies to promote innovation and sustainable economic growth across Mindanao, particularly in agriculture and small-and medium-sized businesses. MinDA Assistant Secretary Romeo Montenegro emphasized...
Persistent power outages in Siquijor are putting the island’s tourism growth at risk and may weaken investor confidence if not urgently addressed, the Department of Tourism (DOT) warned on Thursday, July 31. Tourism Secretary Christina Garcia-Frasco said the ongoing power instability, managed by...
The Philippine Stock Exchange index (PSEi) extended its losing streak, dropping 65.50 points or 1.04 percent to close at 6,252.73 on Thursday, July 31. Mining shares led the broad retreat. Volume increased to 902 million shares valued at P7.85 billion, with losers outnumbering gainers 134 to 61,...
