Every new gas find is a hard-won victory for the Philippines—whether it is a fresh discovery or added production. President Marcos’s revelation that Malampaya East-1 (MAE-1) holds an estimated 98 billion cubic feet (BCF) of reserves signals that the country has struck a deeper kind of...
Local equities market declined as investors adopted defensive posture ahead of next week’s economic growth data, erasing previous gains in session characterized by thinner trading and political uncertainty. The Philippine Stock Exchange index (PSEi)) fell 65.34 points, or 1.02 percent, to...
The government formally adopted a national action plan on Thursday, Jan. 22, to overhaul how it manages international aid and development programs, seeking to tighten oversight of billions of pesos in funding while ensuring projects align more closely with local economic priorities. The Department...
The Philippine Stock Exchange index (PSEi) rebounded on Thursday, Jan. 22, as investors engaged in bargain hunting, tracking the Wall Street recovery fueled by de-escalating geopolitical tensions over United States (US) interests in Greenland. The benchmark PSEi gained 68.50 points, or 1.08...
Net inflows of foreign direct investment (FDI) last year were down two percent in developing economies, including the Philippines, as a growing shift toward capital-intensive projects is making it harder for these countries to compete with developed economies. Based on data from the United Nations...
Local equities fell for a fourth consecutive day, tracking a global retreat in risk assets after United States (US) President Donald Trump escalated trade tensions with fresh round of tariff threats against European allies to pressure the sale of Greenland. The Philippine Stock Exchange index...
The Philippine Stock Exchange index (PSEi) started the week lower as investors took profits from recent gains, as expected. The main index dropped 26.89 points, or 0.42 percent, to close at 6,437.78 on Monday, Jan. 19. Banks led the retreat, although the services sector advanced, while the...
Infrastructure projects, including airport developments, should be implemented properly so that it would immediately benefit Filipinos, President Marcos said. "Gawin ninyo itong pamantayan para sa ating serbisyo sa mga residente at sa ating mga turista. Tiyakin natin naisasagawa nang maayos ang mga...
Local stocks edged lower Friday, Jan. 17, as investors locked in gains from a recent rally, pressured by weakening peso and seasonal dip in money sent home by Filipinos working abroad. The Philippine Stock Exchange index (PSEi) slipped 22.86 points, or 0.35 percent, to settle at 6,464.67. While the...
The Philippine Stock Exchange index (PSEi) rebounded sharply on Thursday, Jan. 15, as investors bet on looming interest rate reduction by the central bank and digested an optimistic medium-term growth outlook from the World Bank. The main index climbed 97.72 points, or 1.53 percent, to finish at...
The Department of Public Works and Highways (DPWH) reopened a collapsed section of the Bukidnon-Davao highway in Sitio Kipolot, Barangay Palacapao, Quezon, Bukidnon, on Wednesday, Jan. 14. DPWH Secretary Vince Dizon said the 460-meter gravel road is now at least 90 percent complete. The reopening...
Profit-taking continued to pull down the Philippine Stock Exchange index (PSEi) as sentiment was weighed down by the weaker peso, which fell to a new record low of ₱59.44 versus the United States (US) dollar on Wednesday, Jan. 14. The main index dropped 18.95 points, or 0.3 percent, to close at...
